Roberts Wealth Advisors LLC Reduces Stake in Costco Wholesale Corporation $COST

Roberts Wealth Advisors LLC lessened its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 5,612 shares of the retailer’s stock after selling 78 shares during the period. Costco Wholesale accounts for approximately 1.6% of Roberts Wealth Advisors LLC’s portfolio, making the stock its 18th biggest position. Roberts Wealth Advisors LLC’s holdings in Costco Wholesale were worth $5,556,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Fishman Jay A Ltd. MI boosted its holdings 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 purchasing an additional 575 shares during the last quarter. Personal CFO Solutions LLC increased its holdings in shares of Costco Wholesale by 12.4% during the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock worth $1,436,000 after buying an additional 167 shares during the last quarter. F&V Capital Management LLC purchased a new stake in shares of Costco Wholesale during the 1st quarter valued at approximately $236,000. Graybill Wealth Management LTD. acquired a new position in Costco Wholesale in the first quarter valued at approximately $3,095,000. Finally, Rossmore Private Capital grew its position in Costco Wholesale by 0.9% in the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock worth $6,325,000 after acquiring an additional 62 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In related news, EVP Yoram Rubanenko sold 4,000 shares of the business’s stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the transaction, the executive vice president directly owned 5,774 shares of the company’s stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of the company’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 sale, the executive vice president owned 9,740 shares in the company, valued at approximately $8,912,100. This trade represents a 25.77% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,981 shares of company stock valued at $7,588,685. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on COST. Wolfe Research initiated coverage on Costco Wholesale in a research note on Thursday, September 18th. They set a “peer perform” rating for the company. Sanford C. Bernstein raised their price objective on Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Citigroup reduced their price objective on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the stock a “neutral” rating in a research note on Friday, September 26th. Finally, Evercore ISI reduced their price target on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,067.19.

Costco Wholesale Stock Down 0.5%

Shares of NASDAQ:COST opened at $910.94 on Tuesday. The firm has a market capitalization of $403.98 billion, a PE ratio of 50.02, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98. Costco Wholesale Corporation has a 1 year low of $867.34 and a 1 year high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The firm’s 50-day moving average is $953.08 and its two-hundred day moving average is $972.16.

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

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $1.30 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is 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.