L.M. Kohn & Company Has $13.46 Million Holdings in Costco Wholesale Corporation $COST

L.M. Kohn & Company trimmed its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 7.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,598 shares of the retailer’s stock after selling 1,022 shares during the quarter. Costco Wholesale makes up 3.6% of L.M. Kohn & Company’s holdings, making the stock its 5th biggest holding. L.M. Kohn & Company’s holdings in Costco Wholesale were worth $13,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Corps Capital Advisors LLC boosted its position in shares of Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after buying an additional 10 shares during the last quarter. Covestor Ltd boosted its position in shares of Costco Wholesale by 8.6% during the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after buying an additional 10 shares during the last quarter. Viewpoint Capital Management LLC boosted its position in shares of Costco Wholesale by 0.4% during the first quarter. Viewpoint Capital Management LLC now owns 2,689 shares of the retailer’s stock valued at $2,543,000 after buying an additional 11 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. boosted its position in shares of Costco Wholesale by 0.4% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,071 shares of the retailer’s stock valued at $2,905,000 after buying an additional 11 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC boosted its position in shares of Costco Wholesale by 0.4% during the first quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock valued at $2,327,000 after buying an additional 11 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COST has been the topic of several research analyst reports. Citigroup cut their price objective 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. Oppenheimer reissued an “outperform” rating and issued a $1,130.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Wednesday, September 24th. Evercore ISI cut their price objective on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Finally, BTIG Research initiated coverage on Costco Wholesale in a research report on Tuesday, October 14th. They issued a “buy” rating and a $1,115.00 price objective on the stock. Nineteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,068.15.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $924.16 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. The firm has a market cap 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 business’s fifty day moving average is $943.11 and its 200 day moving average is $971.63.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data 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 return on equity of 30.09% and a net margin of 2.94%.The company had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. During the same period in the previous year, the company posted $5.15 EPS. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Research analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

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

Insiders Place Their Bets

In other Costco Wholesale news, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $934.62, for a total value of $1,157,994.18. Following the transaction, the insider directly owned 5,155 shares in the company, valued at $4,817,966.10. This represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claudine Adamo sold 2,700 shares of the company’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $935.68, for a total value of $2,526,336.00. Following the completion of the transaction, the executive vice president owned 6,851 shares in the company, valued at $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,920 shares of company stock valued at $7,373,175 over the last 90 days. 0.18% of the stock is owned by insiders.

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.