Endeavor Private Wealth Inc. Has $344,000 Stock Holdings in Costco Wholesale Corporation $COST

Endeavor Private Wealth Inc. increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 5.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 347 shares of the retailer’s stock after buying an additional 17 shares during the quarter. Endeavor Private Wealth Inc.’s holdings in Costco Wholesale were worth $344,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in COST. Bulwark Capital Corp acquired a new stake in Costco Wholesale during the second quarter worth about $25,000. Anderson Financial Strategies LLC lifted its stake in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after purchasing an additional 36 shares during the period. eCIO Inc. bought a new position in Costco Wholesale during the first quarter worth about $48,000. Aspect Partners LLC lifted its stake in Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after purchasing an additional 11 shares during the period. Finally, Ransom Advisory Ltd bought a new position in Costco Wholesale during the first quarter worth about $61,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $930.01 on Friday. Costco Wholesale Corporation has a 1 year low of $867.34 and a 1 year high of $1,078.23. The firm has a 50 day moving average of $952.05 and a 200-day moving average of $971.48. 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 $412.16 billion, a P/E ratio of 51.07, a price-to-earnings-growth ratio of 5.72 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its 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. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter in the previous year, the company posted $5.15 earnings per share. Costco Wholesale’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s payout ratio is 28.56%.

Insider Buying and Selling

In related news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of 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. Insiders sold 7,981 shares of company stock worth $7,588,685 in the last quarter. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of analyst reports. Citigroup cut their price target on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Truist Financial cut 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 research note on Friday, September 26th. Sanford C. Bernstein raised their price target on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Daiwa Capital Markets cut their price target on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research note on Tuesday, September 30th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a research note on Thursday. Nineteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,066.23.

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.