Costco Wholesale Corporation $COST Shares Sold by Vigilare Wealth Management

Vigilare Wealth Management lowered its position in Costco Wholesale Corporation (NASDAQ:COST) by 2.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,569 shares of the retailer’s stock after selling 76 shares during the quarter. Costco Wholesale accounts for approximately 1.0% of Vigilare Wealth Management’s holdings, making the stock its 22nd biggest holding. Vigilare Wealth Management’s holdings in Costco Wholesale were worth $2,543,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Personal CFO Solutions LLC raised its position in shares of Costco Wholesale by 12.4% during the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock worth $1,436,000 after purchasing an additional 167 shares during the last quarter. F&V Capital Management LLC acquired a new stake in Costco Wholesale during the 1st quarter valued at $236,000. Graybill Wealth Management LTD. purchased a new position in Costco Wholesale during the first quarter worth $3,095,000. Rossmore Private Capital raised its holdings in shares of Costco Wholesale by 0.9% in the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock worth $6,325,000 after acquiring an additional 62 shares during the last quarter. Finally, Curat Global LLC acquired a new position in shares of Costco Wholesale in the first quarter worth $241,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COST. DA Davidson reiterated a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Truist Financial lowered their price target on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a report on Friday, September 26th. The Goldman Sachs Group boosted their price objective on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Wall Street Zen upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Finally, Roth Capital set a $907.00 price target on Costco Wholesale and gave the company a “neutral” rating in a report on Friday, September 26th. Eighteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,067.19.

Insider Activity at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were 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 of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the transaction, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,981 shares of company stock worth $7,588,685. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.9%

COST stock opened at $917.34 on Thursday. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The company has a market cap of $406.82 billion, a price-to-earnings ratio of 50.38, a PEG ratio of 5.65 and a beta of 0.98. The business has a fifty day simple moving average of $954.29 and a 200-day simple moving average of $971.03. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The firm had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $5.15 earnings per share. On average, equities research analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The firm 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. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s dividend 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.