Gateway Wealth Partners LLC has a $682,000 stock position in Costco Wholesale Co. (NASDAQ: COST)

Gateway Wealth Partners LLC grew its holdings in Costco Wholesale Co in the 2nd quarter. (NASDAQ:COST – Free Report) by 5.8% during the 2nd quarter, Holdings Channel reports. The firm owned 802 shares of the retailer’s stock after purchasing an additional 44 shares during the period. Gateway Wealth Partners LLC’s holdings in Costco Wholesale were worth $682,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the business. Strong Tower Advisory Services raised its holdings in Costco Wholesale by 7.9% in the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after acquiring an additional 137 shares during the period. JW Cole Advisors Inc. boosted its position in shares of Costco Wholesale by 52.1% in the second quarter. JW Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock worth $6,499,000 after buying an additional 2,620 shares during the last quarter. Main Street Financial Solutions LLC boosted its position in shares of Costco Wholesale by 22.8% in the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock worth $3,003,000 after purchasing an additional 656 shares during the last quarter. Parcion Private Wealth LLC raised its stake in Costco Wholesale by 30.8% during the 2nd quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock worth $4,757,000 after acquiring an additional 1,319 shares in the last quarter. Finally, Aspirant LLC boosted its stake in Costco Wholesale by 6.1% in the first quarter. Aspirant LLC now owns 2,327 shares of the retailer’s stock valued at $1,705,000 after buying an additional 134 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s shares.

Analyst upgrades and downgrades

A number of equities analysts have issued reports on the company. BMO Capital Markets reiterated an “outperform” rating and set a $980.00 target price (up previously from $950.00) on shares of Costco Wholesale in a report on Friday. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price target for the company from $860.00 to $890.00 in a research report on Tuesday, 10 September. Stifel Nicolaus upped their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the company a “buy” rating in a research report on Friday. Tigress Financial increased their price objective on Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Finally, Oppenheimer boosted their price target on Costco Wholesale from $925.00 to $955.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Moderate Buy” and an average price target of $881.19, based on data from MarketBeat.

Read our latest analysis on COST

Insider buying and selling

In other news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the transaction, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this hyperlink. In other news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC’s website. Also, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the transaction, the executive vice president now owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The disclosure for this sale can be found here. Insiders have sold a total of 4,974 shares of company stock worth $4,252,856 over the last three months. 0.18% of shares are held by corporate insiders.

Costco Wholesale Inventory Performance

COST opened at $885.62 on Monday. The firm has a market cap of $392.63 billion, a P/E ratio of 54.87, a price-to-earnings-growth ratio of 5.47 and a beta of 0.80. The company’s fifty day moving average is $870.67 and its 200 day moving average is $817.28. Costco Wholesale Co. it has a 52-week low of $540.23 and a 52-week high of $923.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45, and a current ratio of 0.94.

Costco Wholesale (NASDAQ:COST – Get Your Free Report ) last announced its quarterly earnings data 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. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same period last year, the company posted earnings per share of $4.86. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. Sell-side analysts expect that Costco Wholesale Co. to post 16.02 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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

About Costco Wholesale

(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.

See Also

Want to see what other hedge funds own COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Costco Wholesale Co. (NASDAQ:COST – Free Report).

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