Entropy Technologies LP Acquires Shares of 10,686 Costco Wholesale Corporation $COST

Entropy Technologies LP bought a new position in Costco Wholesale Corporation (NASDAQ:COST) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 10,686 shares of the retailer’s stock, valued at approximately $10,578,000. Costco Wholesale accounts for approximately 0.8% of Entropy Technologies LP’s holdings, making the stock its 14th biggest position.

A number of other large investors have also made changes to their positions in COST. Bulwark Capital Corp acquired a new position in Costco Wholesale in the 2nd quarter worth about $25,000. LFA Lugano Financial Advisors SA bought a new position in shares of Costco Wholesale in the second quarter valued at approximately $31,000. Anderson Financial Strategies LLC lifted its stake in shares of Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after buying an additional 36 shares during the last quarter. Financial Connections Group Inc. boosted its holdings 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 worth $42,000 after buying an additional 39 shares during the period. Finally, Frazier Financial Advisors LLC grew its stake in Costco Wholesale by 72.0% in the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock valued at $43,000 after buying an additional 18 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST stock opened at $893.29 on Friday. Costco Wholesale Corporation has a 12 month low of $871.71 and a 12 month high of $1,078.23. The company has a market capitalization of $395.89 billion, a P/E ratio of 49.05, a P/E/G ratio of 5.54 and a beta of 0.98. The stock has a 50 day moving average of $929.32 and a two-hundred day moving average of $963.93. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20.

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

Costco Wholesale Announces Dividend

The firm also recently disclosed 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. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Analysts Set New Price Targets

COST has been the topic of several recent analyst reports. Weiss Ratings downgraded shares of Costco Wholesale from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday. Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Oppenheimer cut their price objective on Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating for the company in a research report on Monday, November 3rd. Sanford C. Bernstein lowered their target price on Costco Wholesale from $1,140.00 to $1,134.00 and set an “outperform” rating on the stock in a report on Tuesday, November 4th. Finally, Wolfe Research began coverage on Costco Wholesale in a research report on Thursday, September 18th. They issued a “peer perform” rating for the company. Eighteen research analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,025.07.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of Costco Wholesale stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the sale, the executive vice president directly 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $934.62, for a total value of $1,157,994.18. Following the completion of the sale, the insider owned 5,155 shares in the company, valued at approximately $4,817,966.10. This represents a 19.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 9,720 shares of company stock valued at $9,010,257 in the last 90 days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Company 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.