Costco Wholesale Corporation $COST Shares Sold by Sfm LLC

Sfm LLC lowered its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 13.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 658 shares of the retailer’s stock after selling 105 shares during the period. Sfm LLC’s holdings in Costco Wholesale were worth $651,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. Corps Capital Advisors LLC raised its stake in shares of Costco Wholesale by 0.7% in the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after buying an additional 10 shares in the last quarter. Covestor Ltd increased its stake in Costco Wholesale by 8.6% in the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after acquiring an additional 10 shares during the period. Rooted Wealth Advisors Inc. raised its position in Costco Wholesale by 2.6% in the first quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer’s stock worth $404,000 after purchasing an additional 11 shares in the last quarter. Bank & Trust Co lifted its stake in Costco Wholesale by 20.4% during the first quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock worth $61,000 after purchasing an additional 11 shares during the period. Finally, Amplius Wealth Advisors LLC boosted its holdings in Costco Wholesale by 1.3% during the first quarter. Amplius Wealth Advisors LLC now owns 866 shares of the retailer’s stock valued at $819,000 after purchasing an additional 11 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Sanford C. Bernstein increased their target price on Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Friday. Wolfe Research started coverage on Costco Wholesale in a research report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Roth Capital set a $907.00 price objective on Costco Wholesale and gave the stock a “neutral” rating in a research note on Friday. Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $1,130.00 target price on shares of Costco Wholesale in a report on Friday. Seventeen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,069.58.

Costco Wholesale Trading Down 2.9%

Shares of NASDAQ COST opened at $915.95 on Friday. Costco Wholesale Corporation has a 1-year low of $867.16 and a 1-year high of $1,078.23. The company has a 50-day moving average of $955.70 and a two-hundred day moving average of $971.07. The company has a market cap of $406.21 billion, a PE ratio of 50.30, a P/E/G ratio of 5.15 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results 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 net margin of 2.94% and a return on equity of 31.10%. The business had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. During the same quarter last year, the business posted $5.15 earnings per share. Costco Wholesale’s revenue for the quarter was up 8.1% compared to the same quarter last year. As a group, equities analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 payout ratio is presently 28.56%.

Costco Wholesale 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.