Gordian Advisors LLC Has $464,000 Position in Costco Wholesale Corporation $COST

Gordian Advisors LLC raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 3.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 468 shares of the retailer’s stock after acquiring an additional 14 shares during the quarter. Costco Wholesale makes up about 0.3% of Gordian Advisors LLC’s investment portfolio, making the stock its 24th largest holding. Gordian Advisors LLC’s holdings in Costco Wholesale were worth $464,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the company. MOKAN Wealth Management Inc. lifted its stake in Costco Wholesale by 9.1% in the second quarter. MOKAN Wealth Management Inc. now owns 2,878 shares of the retailer’s stock valued at $2,845,000 after acquiring an additional 240 shares during the last quarter. Hazlett Burt & Watson Inc. lifted its stake in Costco Wholesale by 2.9% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,113 shares of the retailer’s stock valued at $2,097,000 after acquiring an additional 60 shares during the last quarter. Index Fund Advisors Inc. acquired a new stake in Costco Wholesale in the second quarter valued at $10,706,000. M3 Advisory Group LLC lifted its stake in Costco Wholesale by 7.5% in the second quarter. M3 Advisory Group LLC now owns 886 shares of the retailer’s stock valued at $877,000 after acquiring an additional 62 shares during the last quarter. Finally, Yarger Wealth Strategies LLC lifted its stake in Costco Wholesale by 6.9% in the second quarter. Yarger Wealth Strategies LLC now owns 741 shares of the retailer’s stock valued at $734,000 after acquiring an additional 48 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $915.00, for a total value of $3,093,615.00. Following the transaction, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the firm’s 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 transaction, the executive vice president directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Costco Wholesale Price Performance

NASDAQ:COST opened at $930.01 on Monday. Costco Wholesale Corporation has a 52 week low of $867.34 and a 52 week high of $1,078.23. The firm has a market cap of $412.16 billion, a price-to-earnings ratio of 51.07, a P/E/G ratio of 5.64 and a beta of 0.98. The firm’s 50-day simple moving average is $952.05 and its 200 day simple moving average is $972.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03.

Costco Wholesale (NASDAQ:COST) last released its 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. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. During the same period last year, the firm earned $5.15 EPS. The business’s quarterly revenue was up 8.1% compared to the same quarter last year. As a group, sell-side analysts predict 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 issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.56%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Oppenheimer restated an “outperform” rating and set a $1,130.00 target price on shares of Costco Wholesale in a research note on Friday, September 26th. Erste Group Bank cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, September 24th. 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 research note on Friday, September 26th. Finally, Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a research note on Thursday. Nineteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,066.23.

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.