Sax Wealth Advisors LLC Has $1.49 Million Holdings in Costco Wholesale Corporation $COST

Sax Wealth Advisors LLC raised its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 6.2% in the second quarter, HoldingsChannel.com reports. The firm owned 1,500 shares of the retailer’s stock after purchasing an additional 88 shares during the quarter. Sax Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,485,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bulwark Capital Corp acquired a new stake in Costco Wholesale during the 2nd quarter valued at approximately $25,000. Anderson Financial Strategies LLC increased its position in 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 purchasing an additional 36 shares during the period. eCIO Inc. acquired a new stake in Costco Wholesale during the 1st quarter valued at approximately $48,000. Aspect Partners LLC increased its position in Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after purchasing an additional 11 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in Costco Wholesale during the 1st quarter valued at approximately $61,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $914.80 on Wednesday. The company has a fifty day simple moving average of $952.69 and a 200 day simple moving average of $971.76. Costco Wholesale Corporation has a 12-month low of $867.34 and a 12-month high of $1,078.23. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The company has a market cap of $405.70 billion, a P/E ratio of 50.24, a PEG ratio of 5.52 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted 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 net margin of 2.94% and a return on equity of 30.09%. The business had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. During the same quarter last year, the firm posted $5.15 EPS. Costco Wholesale’s revenue was up 8.1% compared to the same quarter last year. Sell-side analysts predict 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. Investors of record on Friday, August 1st were given a $1.30 dividend. 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 (DPR) is presently 28.56%.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the firm’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 transaction, the executive vice president directly owned 9,740 shares in the company, valued at approximately $8,912,100. This trade represents a 25.77% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $3,899,840.00. Following the transaction, the executive vice president owned 5,774 shares in the company, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,981 shares of company stock valued at $7,588,685. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

COST has been the subject of several recent analyst reports. Daiwa Capital Markets reduced their price objective on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Roth Capital set a $907.00 price objective on shares of Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday, September 26th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Wednesday, September 24th. Truist Financial reduced their price objective on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a research report on Saturday, September 27th. Nineteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,067.19.

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.