Yukon Wealth Management Inc. Grows Stock Holdings in Costco Wholesale Corporation $COST

Yukon Wealth Management Inc. boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,500 shares of the retailer’s stock after purchasing an additional 20 shares during the quarter. Yukon Wealth Management Inc.’s holdings in Costco Wholesale were worth $2,474,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. GoalVest Advisory LLC raised its stake in Costco Wholesale by 42.2% during the second quarter. GoalVest Advisory LLC now owns 394 shares of the retailer’s stock valued at $390,000 after purchasing an additional 117 shares in the last quarter. Curat Global LLC raised its stake in Costco Wholesale by 23.5% during the second quarter. Curat Global LLC now owns 315 shares of the retailer’s stock valued at $312,000 after purchasing an additional 60 shares in the last quarter. Banco Santander S.A. increased its position in Costco Wholesale by 78.3% during the second quarter. Banco Santander S.A. now owns 22,248 shares of the retailer’s stock valued at $22,024,000 after acquiring an additional 9,767 shares during the last quarter. Ashton Thomas Private Wealth LLC increased its position in Costco Wholesale by 10.4% during the second quarter. Ashton Thomas Private Wealth LLC now owns 15,635 shares of the retailer’s stock valued at $15,477,000 after acquiring an additional 1,467 shares during the last quarter. Finally, Solstein Capital LLC increased its position in Costco Wholesale by 5.9% during the second quarter. Solstein Capital LLC now owns 2,368 shares of the retailer’s stock valued at $2,344,000 after acquiring an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.1%

NASDAQ COST opened at $932.14 on Monday. The company’s 50-day moving average price is $945.23 and its 200-day moving average price is $972.16. 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 stock has a market cap of $413.10 billion, a PE ratio of 51.19, a PEG ratio of 5.66 and a beta of 0.98. 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 posted its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 2.94% and a return on equity of 30.09%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period in the prior year, the business posted $5.15 earnings per share. Equities research analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders 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 yield of 0.6%. The ex-dividend date is Friday, October 31st. Costco Wholesale’s dividend payout ratio is presently 28.56%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the transaction, the executive vice president directly owned 6,851 shares in the company, valued at $6,410,343.68. This represents a 28.27% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 7,920 shares of company stock valued at $7,373,175 in the last 90 days. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of a number of analyst reports. Roth Capital set a $907.00 price objective on shares of Costco Wholesale and gave the company a “neutral” rating in a research report on Friday, September 26th. BTIG Research initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Costco Wholesale in a research report on Friday. Evercore ISI cut their price objective on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Wednesday, September 24th. Nineteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,068.15.

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.