Oarsman Capital Inc. Acquires 60 Shares of Costco Wholesale Corporation $COST

Oarsman Capital Inc. lifted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,410 shares of the retailer’s stock after purchasing an additional 60 shares during the period. Oarsman Capital Inc.’s holdings in Costco Wholesale were worth $1,396,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in COST. Peterson Wealth Services raised its stake in Costco Wholesale by 0.5% in the 2nd quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock valued at $13,479,000 after acquiring an additional 72 shares during the period. Fishman Jay A Ltd. MI raised its stake in Costco Wholesale by 3.5% in the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock valued at $16,718,000 after acquiring an additional 575 shares during the period. Independent Solutions Wealth Management LLC raised its stake in Costco Wholesale by 0.3% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock valued at $20,430,000 after acquiring an additional 53 shares during the period. Personal CFO Solutions LLC raised its stake in Costco Wholesale by 12.4% in the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock valued at $1,436,000 after acquiring an additional 167 shares during the period. Finally, Graybill Wealth Management LTD. bought a new stake in Costco Wholesale in the 1st quarter valued at about $3,095,000. 68.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Claudine Adamo sold 2,700 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the transaction, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. The trade was a 25.77% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,920 shares of company stock worth $7,373,175 over the last three months. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.6%

Shares of COST opened at $924.16 on Wednesday. Costco Wholesale Corporation has a twelve month low of $867.34 and a twelve month high of $1,078.23. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The stock has a market cap of $409.57 billion, a PE ratio of 50.75, a P/E/G ratio of 5.64 and a beta of 0.98. The business’s 50-day moving average price is $943.11 and its 200-day moving average price is $971.63.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $86.01 billion. During the same quarter in the previous year, the firm earned $5.15 earnings per share. Costco Wholesale’s revenue was up 8.1% on a year-over-year basis. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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

Analyst Upgrades and Downgrades

COST has been the topic of a number of research reports. Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Wednesday, September 24th. Citigroup decreased their price target 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. BTIG Research initiated coverage on Costco Wholesale in a research report on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 price target on the stock. Finally, Truist Financial decreased their price target on 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. Nineteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,068.15.

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.