Costco Wholesale Corporation $COST Stock Holdings Increased by Turtle Creek Wealth Advisors LLC

Turtle Creek Wealth Advisors LLC raised its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.3% during the 2nd quarter, Holdings Channel reports. The fund owned 10,175 shares of the retailer’s stock after purchasing an additional 422 shares during the period. Costco Wholesale makes up approximately 1.2% of Turtle Creek Wealth Advisors LLC’s portfolio, making the stock its 21st largest holding. Turtle Creek Wealth Advisors LLC’s holdings in Costco Wholesale were worth $10,073,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in COST. Bulwark Capital Corp bought a new stake in Costco Wholesale during the 2nd quarter valued at $25,000. Anderson Financial Strategies LLC increased its position in shares of Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after purchasing an additional 36 shares during the period. Financial Connections Group Inc. increased its position in shares of Costco Wholesale by 975.0% during the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after purchasing an additional 39 shares during the period. Frazier Financial Advisors LLC increased its position in shares of Costco Wholesale by 72.0% during the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock valued at $43,000 after purchasing an additional 18 shares during the period. Finally, eCIO Inc. acquired a new position in shares of Costco Wholesale during the 1st quarter valued at $48,000. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale 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 transaction, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction on Monday, September 29th. The shares were sold at an average price of $915.00, for a total value of $3,093,615.00. Following the transaction, the executive vice president owned 9,740 shares in the company, valued at $8,912,100. This represents a 25.77% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $954.99 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 stock has a market capitalization of $423.23 billion, a price-to-earnings ratio of 52.44, a PEG ratio of 5.74 and a beta of 0.98. The stock’s fifty day simple moving average is $951.44 and its 200 day simple moving average is $971.75. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping 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 analysts’ expectations of $86.01 billion. During the same period in the previous year, the firm posted $5.15 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a dividend of $1.30 per share. The ex-dividend date is Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. Costco Wholesale’s payout ratio is currently 28.56%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COST. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Oppenheimer reiterated an “outperform” rating and set a $1,130.00 price target on shares of Costco Wholesale in a research report on Friday, September 26th. Citigroup lowered their price target on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Mizuho lowered 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. Finally, Wolfe Research initiated coverage on Costco Wholesale in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. Twenty equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,068.04.

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.