Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Cassaday & Co Wealth Management LLC

VaselineSeptember 2, 2024

0 5 minutes read

Cassaday & Co Wealth Management LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 0.4% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,091 shares of the retailer’s stock after purchasing an additional 33 shares during the period. Costco Wholesale makes up 0.2% of Cassaday & Co Wealth Management LLC’s holdings, making the stock its 29th largest position. Cassaday & Co Wealth Management LLC’s holdings in Costco Wholesale were worth $6,877,000 as of its most recent filing. to SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Jaffetilchin Investment Partners LLC boosted its holdings in shares of Costco Wholesale by 4.1% in the second quarter. Jaffetilchin Investment Partners LLC now owns 3,648 shares of the retailer’s stock valued at $3,101,000 after purchasing an additional 144 shares during the period. Foster Group Inc. boosted its holdings in shares of Costco Wholesale by 6.3% in the second quarter. Foster Group Inc. now owns 1,037 shares of the retailer’s stock valued at $882,000 after purchasing an additional 61 shares during the period. Fonville Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 4.0% in the second quarter. Fonville Wealth Management LLC now owns 442 shares of the retailer’s stock valued at $376,000 after buying an additional 17 shares during the period. Mezzasalma Advisors LLC boosted its holdings in shares of Costco Wholesale by 93.0% in the second quarter. Mezzasalma Advisors LLC now owns 3,608 shares of the retailer’s stock valued at $3,067,000 after buying an additional 1,739 shares during the period. Finally, Sage Rhino Capital LLC boosted its holdings in shares of Costco Wholesale by 1.2% in the second quarter. Sage Rhino Capital LLC now owns 1,364 shares of the retailer’s stock valued at $1,159,000 after buying an additional 16 shares during the period. 68.48% of shares are owned by institutional investors and hedge funds.

Analysts on Wall Street are forecasting an increase

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Tigress Financial boosted their price target on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Truist Financial boosted their price target on Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a research note on Thursday, August 8th. Finally, Bank of America boosted their price target on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. The stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $824.50, based on data from MarketBeat.com.

Want more great investment ideas?

Get the latest analysis on Costco Wholesale

Costco Wholesale rose 0.6%

NASDAQ COST opened at $892.38 on Friday. Costco Wholesale Co. has a 12-month low of $539.31 and a 12-month high of $918.93. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94, and a quick ratio of 0.45. The company has a market cap of $395.62 billion, a price-to-earnings ratio of 55.29, a price-to-earnings-growth ratio of 5.98 and a beta of 0.78. The company’s fifty day moving average price is $854.20 and its two hundred day moving average price is $794.02.

Costco Wholesale (NASDAQ:COST – Get Your Free Report ) last issued its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company had revenue of $58.52 billion for the quarter, compared to analysts’ expectations of $58.16 billion. In the same quarter last year, the company earned $3.43 EPS. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, research analysts predict that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

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

Buying and selling inside at Costco Wholesale

In other news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC’s website. In related news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The sale was disclosed in a legal filing with the SEC, which is available via this hyperlink. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,974 shares of company stock worth $4,252,856. Company insiders own 0.18% of the company’s shares.

Costco Wholesale 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.