Vivid Wealth Management LLC Has $2.40 Million Stock Holdings in Costco Wholesale Corporation $COST

Vivid Wealth Management LLC lowered its stake in Costco Wholesale Corporation (NASDAQ:COST) by 10.1% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,427 shares of the retailer’s stock after selling 272 shares during the quarter. Vivid Wealth Management LLC’s holdings in Costco Wholesale were worth $2,402,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Bulwark Capital Corp bought a new position in shares of Costco Wholesale in the 2nd quarter valued at about $25,000. Anderson Financial Strategies LLC grew its holdings in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after purchasing an additional 36 shares during the period. eCIO Inc. acquired a new position in Costco Wholesale during the first quarter worth approximately $48,000. Aspect Partners LLC raised its stake in Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after buying an additional 11 shares during the period. Finally, Ransom Advisory Ltd acquired a new stake in shares of Costco Wholesale in the first quarter valued at approximately $61,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Yoram Rubanenko sold 4,000 shares of the company’s 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 approximately $5,629,419.04. This represents a 40.92% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 29th. The shares were 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 in the company, valued at $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,981 shares of company stock valued at $7,588,685 over the last quarter. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Performance

NASDAQ COST opened at $930.01 on Friday. The firm has a 50-day moving average price of $952.05 and a two-hundred day moving average price of $971.48. Costco Wholesale Corporation has a 12-month low of $867.34 and a 12-month high of $1,078.23. The company has a market capitalization of $412.16 billion, a P/E ratio of 51.07, a P/E/G ratio of 5.72 and a beta of 0.98. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Costco Wholesale (NASDAQ:COST) last issued 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 analysts’ expectations of $86.01 billion. During the same period in the previous year, the company posted $5.15 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid 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 payout ratio is 28.56%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on COST shares. Evercore ISI decreased their target price on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Oppenheimer reissued an “outperform” rating and issued a $1,130.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the stock a “neutral” rating in a report on Friday, September 26th. Finally, Argus upped their price target on shares of Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Nineteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,066.23.

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.