Costco Wholesale Corporation $COST Shares Bought by Quadrant Capital Group LLC

Quadrant Capital Group LLC increased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 18.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 11,282 shares of the retailer’s stock after acquiring an additional 1,777 shares during the quarter. Quadrant Capital Group LLC’s holdings in Costco Wholesale were worth $11,169,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vinva Investment Management Ltd boosted its position in shares of Costco Wholesale by 33.6% in the 2nd quarter. Vinva Investment Management Ltd now owns 28,674 shares of the retailer’s stock valued at $28,248,000 after purchasing an additional 7,219 shares during the period. Fortress Financial Solutions LLC lifted its stake in Costco Wholesale by 3.5% during the second quarter. Fortress Financial Solutions LLC now owns 1,067 shares of the retailer’s stock valued at $1,056,000 after buying an additional 36 shares in the last quarter. Choreo LLC boosted its holdings in shares of Costco Wholesale by 2.2% in the second quarter. Choreo LLC now owns 21,173 shares of the retailer’s stock worth $20,958,000 after buying an additional 454 shares during the period. Russell Investments Group Ltd. increased its position in shares of Costco Wholesale by 7.3% in the second quarter. Russell Investments Group Ltd. now owns 382,316 shares of the retailer’s stock worth $378,424,000 after acquiring an additional 26,164 shares in the last quarter. Finally, Country Trust Bank raised its holdings in shares of Costco Wholesale by 230.2% during the second quarter. Country Trust Bank now owns 284 shares of the retailer’s stock valued at $281,000 after acquiring an additional 198 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 2,700 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the transaction, the executive vice president owned 6,851 shares of the company’s stock, valued at approximately $6,410,343.68. The trade was a 28.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the transaction, the insider owned 5,155 shares of the company’s stock, valued at approximately $4,817,966.10. The trade was a 19.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 9,720 shares of company stock worth $9,010,257. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Wolfe Research assumed coverage on shares of Costco Wholesale in a research note on Thursday, September 18th. They set a “peer perform” rating on the stock. Mizuho dropped their price target on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Evercore ISI decreased their price objective on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Erste Group Bank lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Finally, DA Davidson reissued a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research note on Friday, September 26th. Eighteen analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,025.07.

Costco Wholesale Trading Up 1.6%

Shares of NASDAQ:COST opened at $908.26 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $402.52 billion, a PE ratio of 49.88, a P/E/G ratio of 5.54 and a beta of 0.98. Costco Wholesale Corporation has a 1 year low of $871.71 and a 1 year high of $1,078.23. The firm has a fifty day moving average price of $924.22 and a 200 day moving average price of $960.46.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $86.01 billion. During the same period last year, the business earned $5.15 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. Analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Stockholders of record on Friday, October 31st were issued a dividend of $1.30 per share. The ex-dividend date was Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is 28.56%.

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.