Journey Strategic Wealth LLC Buys 768 Shares of Costco Wholesale Corporation $COST

Journey Strategic Wealth LLC increased its position in Costco Wholesale Corporation (NASDAQ:COST) by 11.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,623 shares of the retailer’s stock after buying an additional 768 shares during the period. Journey Strategic Wealth LLC’s holdings in Costco Wholesale were worth $7,546,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of COST. Bulwark Capital Corp purchased a new position in Costco Wholesale in the second quarter worth about $25,000. LFA Lugano Financial Advisors SA purchased a new position in Costco Wholesale in the second quarter worth $31,000. Anderson Financial Strategies LLC raised its holdings in Costco Wholesale by 900.0% in the 1st 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. Financial Connections Group Inc. lifted its position in shares of Costco Wholesale by 975.0% in the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after acquiring an additional 39 shares in the last quarter. Finally, Frazier Financial Advisors LLC boosted its stake in shares of 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 period. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on COST shares. Hovde Group initiated coverage on Costco Wholesale in a report on Tuesday. They set a “market perform” rating and a $16.00 price objective on the stock. Truist Financial lowered their price objective on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. BTIG Research started coverage on shares of Costco Wholesale in a research note on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 target price for the company. Argus raised their price target on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Finally, Citigroup reduced their price objective on 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. Eighteen research analysts have rated the stock with a Buy rating and thirteen have issued 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 price target of $1,025.07.

Insider Transactions at Costco Wholesale

In related news, insider Tiffany Marie Barbre sold 1,239 shares of the business’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 of the company’s stock, valued at $4,817,966.10. This represents a 19.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP William Richard Wilcox sold 2,400 shares of Costco Wholesale stock in a transaction that occurred on Friday, November 7th. The shares were sold at an average price of $930.13, for a total value of $2,232,312.00. Following the completion of the transaction, the executive vice president owned 2,000 shares of the company’s stock, valued at approximately $1,860,260. The trade was a 54.55% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 9,720 shares of company stock valued at $9,010,257. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $893.29 on Friday. Costco Wholesale Corporation has a twelve month low of $871.71 and a twelve month high of $1,078.23. 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 firm has a market capitalization of $395.89 billion, a price-to-earnings ratio of 49.05, a PEG ratio of 5.54 and a beta of 0.98. The firm’s fifty day simple moving average is $929.32 and its 200 day simple moving average is $963.93.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating the consensus estimate of $5.81 by $0.06. The company had revenue of $86.16 billion during 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 period in the prior year, the business posted $5.15 EPS. As a group, equities research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders 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 yield of 0.6%. The ex-dividend date of this dividend was Friday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.56%.

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.