SOA Wealth Advisors LLC. Has $17.44 Million Stock Position in Costco Wholesale Corporation $COST

SOA Wealth Advisors LLC. trimmed its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 14.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,617 shares of the retailer’s stock after selling 2,963 shares during the quarter. Costco Wholesale makes up 1.9% of SOA Wealth Advisors LLC.’s holdings, making the stock its 9th biggest holding. SOA Wealth Advisors LLC.’s holdings in Costco Wholesale were worth $17,440,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Bulwark Capital Corp purchased a new position in shares of Costco Wholesale during the second quarter valued at approximately $25,000. Anderson Financial Strategies LLC grew its position in shares of Costco Wholesale by 900.0% in 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. eCIO Inc. purchased a new position in Costco Wholesale during the first quarter worth about $48,000. Aspect Partners LLC boosted its holdings in shares of Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after purchasing an additional 11 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in shares of Costco Wholesale in the 1st quarter worth about $61,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In other news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction dated Monday, September 29th. The shares were 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 of the company’s stock, valued at $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president directly owned 5,774 shares in the company, valued at $5,629,419.04. This trade represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,981 shares of company stock worth $7,588,685 in the last ninety days. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Down 0.9%

COST opened at $917.34 on Thursday. Costco Wholesale Corporation has a twelve month low of $867.16 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 company has a 50-day moving average price of $954.29 and a 200 day moving average price of $971.03. The company has a market cap of $406.82 billion, a PE ratio of 50.38, a price-to-earnings-growth ratio of 5.65 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The company had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. Costco Wholesale’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $5.15 EPS. Sell-side 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 disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given 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 was Friday, August 1st. Costco Wholesale’s payout ratio is 28.56%.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Argus boosted their target price on Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday. Oppenheimer restated an “outperform” rating and issued a $1,130.00 price target on shares of Costco Wholesale in a research note on Friday, September 26th. Citigroup lowered their price target on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a report on Monday. JPMorgan Chase & Co. decreased their target price on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. 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 report on Friday, September 26th. Eighteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,067.19.

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.