Costco Wholesale Co. (NASDAQ:COST) The stake was reduced by Full Sail Capital LLC

Full Sail Capital LLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 1.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 758 shares of the retailer’s stock after selling 15 shares during the quarter. Full Sail Capital LLC’s holdings in Costco Wholesale were worth $644,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in COST. Wulff Hansen & CO. raised its stake in Costco Wholesale by 99,208.6% during the second quarter. Wulff Hansen & CO now owns 1,474,733 shares of the retailer’s stock worth $1,253,508,000 after buying an additional 1,473,248 shares in the last quarter. Global Assets Advisory LLC bought a new position in Costco Wholesale in the first quarter worth $510,353,000. Assenagon Asset Management SA raised its stake in Costco Wholesale by 287.3% in the second quarter. Assenagon Asset Management SA now owns 836,247 shares of the retailer’s stock worth $710,802,000 after purchasing an additional 620,341 shares during the last quarter. Strategic Financial Concepts LLC grew its stake in Costco Wholesale by 51,747.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock worth $5,266,000 after buying an additional 618,383 shares of shares in the last quarter. Finally, Public Employees Retirement Association of Colorado grew its stake in Costco Wholesale by 3,647.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 567,641 shares of the retailer’s stock in worth $374,688,000 after buying an additional 552,492 shares in the last quarter. 68.48% of shares are currently owned by institutional investors.

Costco Wholesale inventory down 1.8%

Shares of Costco Wholesale opened at $885.62 on Friday. The stock’s fifty-day moving average is $870.67, and its 200-day moving average is $816.70. The firm has a market cap of $392.62 billion, a PE ratio of 54.87, a price-to-earnings-growth ratio of 5.47 and a beta of 0.80. The company has a quick ratio of 0.45, a current ratio of 0.94, and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83.

Costco Wholesale (NASDAQ:COST – Get Your Free Report ) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The company had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. Costco Wholesale’s revenue for the quarter was up 1.0% compared to the same quarter last year. In the same period last year, the company earned $4.86 per share. Equities analysts anticipate that Costco Wholesale Co. will post 16.02 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $1.16 per share. This represents an annualized dividend of $4.64 and a yield of 0.52%. The ex-dividend date was Friday, July 26. Costco Wholesale’s payout ratio is 28.75%.

Insider activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the transaction, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at $20,015,745. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. In related news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed via this link. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the transaction, the executive vice president now directly owns 22,900 shares in the company, valued at $20,015,745. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,974 shares of company stock worth $4,252,856. Company insiders own 0.18% of the company’s shares.

Analyst upgrades and downgrades

COST has been the subject of several analyst reports. Wells Fargo & Company upped their target price on Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a research report on Thursday, August 8th. Loop Capital boosted their price target on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Friday. Truist Financial cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price for the company. in a research report on Tuesday, September 24th. Finally, DA Davidson boosted their price target on Costco Wholesale from $780.00 to $880.00 and gave the stock a “neutral” rating in a research report on Friday. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $881.19, based on data from MarketBeat.com.

See our latest COST report

Costco Wholesale Company Profile

(Free Report)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of member 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 wide range of merchandise categories.

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