Orion Capital Management LLC Sells 23 Shares of Costco Wholesale Corporation $COST

Orion Capital Management LLC lessened its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 1.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,378 shares of the retailer’s stock after selling 23 shares during the period. Costco Wholesale comprises approximately 0.9% of Orion Capital Management LLC’s holdings, making the stock its 24th biggest position. Orion Capital Management LLC’s holdings in Costco Wholesale were worth $2,354,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Bulwark Capital Corp bought a new stake in shares of Costco Wholesale during the 2nd quarter valued at $25,000. Anderson Financial Strategies LLC lifted its position in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after purchasing an additional 36 shares in the last quarter. Financial Connections Group Inc. grew its holdings in Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after purchasing an additional 39 shares during the period. Frazier Financial Advisors LLC increased its position in Costco Wholesale by 72.0% in the second quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after buying an additional 18 shares in the last quarter. Finally, eCIO Inc. bought a new position in shares of Costco Wholesale in the first quarter worth about $48,000. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on COST shares. DA Davidson reiterated a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research note on Friday, September 26th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Wednesday, September 24th. The Goldman Sachs Group increased their price objective on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Sanford C. Bernstein lifted their target price on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Finally, JPMorgan Chase & Co. cut their price target on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. Nineteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $1,068.15.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 sale, the executive vice president owned 6,851 shares in the company, valued at approximately $6,410,343.68. This trade represents a 28.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,920 shares of company stock valued at $7,373,175 over the last quarter. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Down 1.1%

Shares of COST stock opened at $932.14 on Friday. The company’s fifty day simple moving average is $945.23 and its two-hundred day simple moving average is $972.11. Costco Wholesale Corporation has a 52 week low of $867.34 and a 52 week high of $1,078.23. The stock has a market cap of $413.11 billion, a P/E ratio of 51.19, a PEG ratio of 5.66 and a beta of 0.98. The company has a quick ratio of 0.55, a current ratio of 1.03 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.81 by $0.06. The firm 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $5.15 earnings per share. Analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company 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. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s dividend payout ratio is 28.56%.

About Costco Wholesale

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.