Kiley Juergens Wealth Management LLC Has $33.30 Million Stock Holdings in Costco Wholesale Corporation $COST

Kiley Juergens Wealth Management LLC lowered its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.2% in the 2nd quarter, Holdings Channel reports. The fund owned 33,636 shares of the retailer’s stock after selling 57 shares during the period. Costco Wholesale comprises 7.7% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 2nd biggest holding. Kiley Juergens Wealth Management LLC’s holdings in Costco Wholesale were worth $33,297,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Personal CFO Solutions LLC grew its position in shares of Costco Wholesale by 12.4% during the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock worth $1,436,000 after acquiring an additional 167 shares during the last quarter. F&V Capital Management LLC bought a new position in shares of Costco Wholesale during the first quarter worth about $236,000. Graybill Wealth Management LTD. bought a new position in shares of Costco Wholesale during the first quarter worth about $3,095,000. Rossmore Private Capital grew its position in shares of Costco Wholesale by 0.9% during the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock worth $6,325,000 after acquiring an additional 62 shares during the last quarter. Finally, Curat Global LLC bought a new position in Costco Wholesale in the 1st quarter valued at about $241,000. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, 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 directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the transaction, the executive vice president owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on COST shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Wednesday. Wall Street Zen upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Oppenheimer reiterated an “outperform” rating and issued a $1,130.00 target price on shares of Costco Wholesale in a research report on Friday. JPMorgan Chase & Co. decreased their target price on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research report on Friday. Finally, Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the company a “neutral” rating in a research report on Friday. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,069.58.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $915.95 on Friday. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $406.20 billion, a price-to-earnings ratio of 50.30, a PEG ratio of 5.30 and a beta of 0.97. The firm has a 50-day moving average of $955.70 and a two-hundred day moving average of $970.76.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 31.10%. The company had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. During the same period in the prior year, the company earned $5.15 EPS. Costco Wholesale’s revenue was up 8.1% on a year-over-year basis. As a group, analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio is presently 28.56%.

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.