Golden Road Advisors LLC Buys 12 Shares of Costco Wholesale Corporation $COST

Golden Road Advisors LLC grew its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 5.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227 shares of the retailer’s stock after purchasing an additional 12 shares during the period. Golden Road Advisors LLC’s holdings in Costco Wholesale were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Brighton Jones LLC increased its holdings in shares of Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after acquiring an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 130 shares during the period. Golden State Wealth Management LLC increased its stake in Costco Wholesale by 0.8% during the 1st quarter. Golden State Wealth Management LLC now owns 4,099 shares of the retailer’s stock valued at $3,877,000 after purchasing an additional 31 shares in the last quarter. Trademark Financial Management LLC raised its holdings in Costco Wholesale by 6.8% during the first quarter. Trademark Financial Management LLC now owns 817 shares of the retailer’s stock worth $773,000 after buying an additional 52 shares during the last quarter. Finally, Monument Capital Management lifted its stake in shares of Costco Wholesale by 3.3% in the first quarter. Monument Capital Management now owns 850 shares of the retailer’s stock valued at $804,000 after buying an additional 27 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, insider Tiffany Marie Barbre sold 1,239 shares of the firm’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $934.62, for a total transaction 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 trade represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 7,920 shares of company stock worth $7,373,175 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST opened at $924.16 on Wednesday. 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 company has a market capitalization of $409.57 billion, a price-to-earnings ratio of 50.75, a PEG ratio of 5.64 and a beta of 0.98. The stock has a 50 day moving average of $943.11 and a 200 day moving average of $971.63. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping the consensus estimate of $5.81 by $0.06. The business had revenue of $86.16 billion for the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $5.15 earnings per share. As a group, sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s payout ratio is 28.56%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Daiwa Capital Markets reduced their price objective on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. DA Davidson reiterated a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research note on Friday, September 26th. Oppenheimer reissued an “outperform” rating and set a $1,130.00 price objective on shares of Costco Wholesale in a report on Friday, September 26th. Evercore ISI dropped their target price on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Finally, Citigroup decreased their price target on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Nineteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,068.15.

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.