Costco Wholesale Corporation $COST Shares Purchased by Grandview Asset Management LLC

Grandview Asset Management LLC grew its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 0.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,884 shares of the retailer’s stock after buying an additional 17 shares during the period. Costco Wholesale makes up 0.9% of Grandview Asset Management LLC’s holdings, making the stock its 23rd biggest holding. Grandview Asset Management LLC’s holdings in Costco Wholesale were worth $2,855,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in COST. Brighton Jones LLC lifted its holdings in shares of Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after purchasing an additional 2,172 shares during the period. Revolve Wealth Partners LLC lifted its holdings in shares of Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after buying an additional 130 shares during the period. Armstrong Henry H Associates Inc. lifted its holdings in shares of Costco Wholesale by 4.4% in the 1st quarter. Armstrong Henry H Associates Inc. now owns 1,076 shares of the retailer’s stock valued at $1,018,000 after buying an additional 45 shares during the period. James J. Burns & Company LLC lifted its holdings in Costco Wholesale by 5.8% in the first quarter. James J. Burns & Company LLC now owns 818 shares of the retailer’s stock valued at $774,000 after acquiring an additional 45 shares during the period. Finally, Avondale Wealth Management lifted its holdings in Costco Wholesale by 6.3% in the first quarter. Avondale Wealth Management now owns 354 shares of the retailer’s stock valued at $335,000 after acquiring an additional 21 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Morgan Stanley decreased their price target on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating for the company in a report on Friday. Wolfe Research started coverage on shares of Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating for the company. Sanford C. Bernstein upped their price objective on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Friday. Wall Street Zen upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Finally, JPMorgan Chase & Co. reduced their price objective 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. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,069.58.

Costco Wholesale Stock Down 2.9%

Shares of COST opened at $915.95 on Friday. Costco Wholesale Corporation has a 52-week low of $867.16 and a 52-week high of $1,078.23. The company has a market capitalization of $406.21 billion, a PE ratio of 50.30, a price-to-earnings-growth ratio of 5.15 and a beta of 0.97. The stock has a fifty day simple moving average of $955.70 and a two-hundred day simple moving average of $971.07. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

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

Costco Wholesale Dividend Announcement

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

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares of the company’s stock, valued at $5,629,419.04. This trade represents a 40.92% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Profile

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.