San Luis Wealth Advisors LLC Has $595,000 Stock Holdings in Costco Wholesale Corporation $COST

San Luis Wealth Advisors LLC raised its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 8.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 601 shares of the retailer’s stock after acquiring an additional 47 shares during the period. San Luis Wealth Advisors LLC’s holdings in Costco Wholesale were worth $595,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Bulwark Capital Corp bought a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $25,000. Anderson Financial Strategies LLC increased its stake in shares of Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after acquiring an additional 36 shares during the last quarter. eCIO Inc. acquired a new position in Costco Wholesale in the first quarter worth $48,000. Aspect Partners LLC increased its stake in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after purchasing an additional 11 shares in the last quarter. Finally, Bank & Trust Co lifted its holdings in shares of Costco Wholesale by 20.4% during the first quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock worth $61,000 after buying an additional 11 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the transaction, the executive vice president directly owned 5,774 shares in the company, 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 Price Performance

NASDAQ:COST opened at $915.95 on Friday. The stock 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 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 Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23. The stock’s 50-day moving average price is $955.70 and its 200-day moving average price is $971.07.

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

Costco Wholesale Announces Dividend

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on COST. Oppenheimer reissued an “outperform” rating and issued a $1,130.00 price objective on shares of Costco Wholesale in a research note on Friday. Roth Capital set a $907.00 price target on shares of Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday. JPMorgan Chase & Co. decreased their price target on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research note on Friday. Erste Group Bank lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Finally, Sanford C. Bernstein raised their target price on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Friday. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,069.58.

Costco Wholesale Company 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.