Abundance Wealth Counselors Has $1.83 Million Position in Costco Wholesale Corporation $COST

Abundance Wealth Counselors increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,848 shares of the retailer’s stock after acquiring an additional 20 shares during the quarter. Abundance Wealth Counselors’ holdings in Costco Wholesale were worth $1,829,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in COST. Nuveen LLC acquired a new position in shares of Costco Wholesale during the 1st quarter worth approximately $3,461,159,000. Kingstone Capital Partners Texas LLC increased its holdings in shares of Costco Wholesale by 418,980.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock worth $2,335,686,000 after acquiring an additional 2,358,859 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Costco Wholesale by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock worth $40,332,515,000 after acquiring an additional 443,101 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Costco Wholesale by 84.0% during the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock worth $768,114,000 after acquiring an additional 370,806 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in Costco Wholesale by 5.2% in the 1st quarter. Invesco Ltd. now owns 3,907,670 shares of the retailer’s stock valued at $3,695,796,000 after buying an additional 191,985 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of COST stock opened at $915.38 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a twelve month low of $867.34 and a twelve month high of $1,078.23. The company has a market cap of $405.95 billion, a P/E ratio of 50.27, a P/E/G ratio of 5.55 and a beta of 0.98. The business has a fifty day simple moving average of $953.54 and a 200 day simple moving average of $971.15.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. During the same period in the prior year, the company earned $5.15 EPS. Costco Wholesale’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s dividend payout ratio is currently 28.56%.

Analyst Ratings Changes

A number of brokerages have commented on COST. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a report on Saturday, September 27th. Sanford C. Bernstein upped their price objective on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Oppenheimer reaffirmed an “outperform” rating and issued a $1,130.00 price objective on shares of Costco Wholesale in a report on Friday, September 26th. Wolfe Research began coverage on Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Finally, Wall Street Zen raised Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $1,067.19.

Insider Buying and Selling

In related news, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This represents a 20.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the sale, the executive vice president owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock worth $7,588,685 in the last ninety days. 0.18% of the stock is owned by insiders.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.