Motiv8 Investments LLC Purchases 118 Shares of Costco Wholesale Corporation $COST

Motiv8 Investments LLC boosted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 9.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,390 shares of the retailer’s stock after acquiring an additional 118 shares during the quarter. Motiv8 Investments LLC’s holdings in Costco Wholesale were worth $1,376,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Fishman Jay A Ltd. MI boosted its position in shares of Costco Wholesale by 3.5% during the second quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock valued at $16,718,000 after buying an additional 575 shares during the last quarter. Personal CFO Solutions LLC lifted its stake in Costco Wholesale by 12.4% during the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock valued at $1,436,000 after acquiring an additional 167 shares during the period. F&V Capital Management LLC purchased a new stake in shares of Costco Wholesale during the 1st quarter valued at about $236,000. Graybill Wealth Management LTD. bought a new stake in shares of Costco Wholesale in the first quarter worth approximately $3,095,000. Finally, Rossmore Private Capital raised its holdings 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 valued at $6,325,000 after purchasing an additional 62 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on COST. Wolfe Research initiated coverage on shares of Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Costco Wholesale in a report on Saturday, September 27th. Citigroup dropped their price target on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research note on Monday, September 29th. Sanford C. Bernstein lifted their price objective on Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Finally, Morgan Stanley reduced their price objective on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,067.19.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $910.94 on Tuesday. The stock has a market cap of $403.98 billion, a P/E ratio of 50.02, a P/E/G ratio of 5.55 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The stock’s fifty day moving average is $953.08 and its 200 day moving average is $972.16. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. During the same quarter in the previous year, the company posted $5.15 earnings per share. Costco Wholesale’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

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

Insider Buying and Selling at Costco Wholesale

In other news, EVP Yoram Rubanenko sold 4,000 shares of the firm’s stock in a transaction 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 sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the transaction, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. This represents a 25.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,981 shares of company stock valued at $7,588,685 over the last 90 days. 0.18% of the stock is currently owned by corporate 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.