Clear Creek Financial Management LLC Buys 170 Shares of Costco Wholesale Corporation $COST

Clear Creek Financial Management LLC increased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 3.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,907 shares of the retailer’s stock after acquiring an additional 170 shares during the period. Clear Creek Financial Management LLC’s holdings in Costco Wholesale were worth $5,847,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of COST. Bulwark Capital Corp bought a new position in shares of Costco Wholesale in the second quarter worth approximately $25,000. Anderson Financial Strategies LLC lifted its stake in shares of Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after buying an additional 36 shares in the last quarter. eCIO Inc. bought a new position in shares of Costco Wholesale in the first quarter worth approximately $48,000. Aspect Partners LLC lifted its stake in shares of Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after buying an additional 11 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of Costco Wholesale during the first quarter valued at approximately $61,000. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

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

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $914.80 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The firm has a fifty day moving average price of $952.43 and a 200 day moving average price of $971.37. Costco Wholesale Corporation has a fifty-two week low of $867.34 and a fifty-two week high of $1,078.23. The firm has a market cap of $405.69 billion, a price-to-earnings ratio of 50.24, a P/E/G ratio of 5.55 and a beta of 0.98.

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

Costco Wholesale Announces Dividend

The business also recently announced 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. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio is currently 28.56%.

Analysts Set New Price Targets

Several research firms have recently weighed in on COST. Evercore ISI decreased their price objective on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Morgan Stanley reduced their target price on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Wolfe Research assumed coverage on shares of Costco Wholesale in a report on Thursday, September 18th. They set a “peer perform” rating for the company. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Wednesday, September 24th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a report on Wednesday. Nineteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,067.19.

About Costco Wholesale

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.