Tcfg Wealth Management LLC Has $1.28 Million Holdings in Costco Wholesale Corporation $COST

Tcfg Wealth Management LLC increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,292 shares of the retailer’s stock after purchasing an additional 14 shares during the quarter. Tcfg Wealth Management LLC’s holdings in Costco Wholesale were worth $1,279,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Trueblood Wealth Management LLC raised its position in shares of Costco Wholesale by 4.1% in the 2nd quarter. Trueblood Wealth Management LLC now owns 1,662 shares of the retailer’s stock valued at $1,646,000 after buying an additional 65 shares in the last quarter. Seamount Financial Group Inc. increased its stake in Costco Wholesale by 50.3% in the second quarter. Seamount Financial Group Inc. now owns 3,516 shares of the retailer’s stock valued at $3,481,000 after acquiring an additional 1,176 shares during the last quarter. SteelPeak Wealth LLC increased its stake in Costco Wholesale by 116.5% in the second quarter. SteelPeak Wealth LLC now owns 17,395 shares of the retailer’s stock valued at $17,220,000 after acquiring an additional 9,362 shares during the last quarter. Drake & Associates LLC raised its position in Costco Wholesale by 37.1% during the second quarter. Drake & Associates LLC now owns 3,976 shares of the retailer’s stock valued at $3,936,000 after purchasing an additional 1,075 shares in the last quarter. Finally, Mraz Amerine & Associates Inc. lifted its stake in Costco Wholesale by 5.8% during the second quarter. Mraz Amerine & Associates Inc. now owns 1,018 shares of the retailer’s stock worth $1,008,000 after purchasing an additional 56 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Performance

Shares of COST stock opened at $910.94 on Tuesday. The firm has a market capitalization of $403.98 billion, a price-to-earnings ratio of 50.02, a PEG ratio of 5.55 and a beta of 0.98. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The business’s 50-day moving average price is $953.08 and its 200-day moving average price is $972.16. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23.

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 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 the consensus estimate of $86.01 billion. During the same quarter in the prior year, the firm posted $5.15 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year. Equities research analysts forecast 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. Stockholders of record on Friday, August 1st were paid a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Analysts Set New Price Targets

COST has been the topic of a number of research analyst reports. DA Davidson reaffirmed a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a report on Friday, September 26th. Wolfe Research initiated coverage on Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating on the stock. Oppenheimer reiterated an “outperform” rating and issued a $1,130.00 target price on shares of Costco Wholesale in a research report on Friday, September 26th. Evercore ISI dropped their target price on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a report on Friday, September 26th. Finally, Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,067.19.

Insider Transactions at Costco Wholesale

In related news, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the transaction, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 7,981 shares of company stock worth $7,588,685. Company insiders own 0.18% of the company’s stock.

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.