Sagace Wealth Management LLC Sells 226 Shares of Costco Wholesale Corporation $COST

Sagace Wealth Management LLC decreased its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 47.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 247 shares of the retailer’s stock after selling 226 shares during the period. Sagace Wealth Management LLC’s holdings in Costco Wholesale were worth $245,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Deroy & Devereaux Private Investment Counsel Inc. increased its stake in shares of Costco Wholesale by 24.2% in the 2nd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 2,050 shares of the retailer’s stock valued at $2,029,000 after purchasing an additional 400 shares during the last quarter. Mutual Advisors LLC increased its stake in shares of Costco Wholesale by 6.7% in the 2nd quarter. Mutual Advisors LLC now owns 18,108 shares of the retailer’s stock valued at $16,940,000 after purchasing an additional 1,143 shares during the last quarter. Generali Asset Management SPA SGR increased its stake in shares of Costco Wholesale by 9.2% in the 2nd quarter. Generali Asset Management SPA SGR now owns 20,579 shares of the retailer’s stock valued at $20,372,000 after purchasing an additional 1,728 shares during the last quarter. Tuttle Capital Management LLC increased its stake in shares of Costco Wholesale by 14.4% in the 2nd quarter. Tuttle Capital Management LLC now owns 666 shares of the retailer’s stock valued at $659,000 after purchasing an additional 84 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in shares of Costco Wholesale by 6.5% in the 2nd quarter. Ritholtz Wealth Management now owns 21,531 shares of the retailer’s stock valued at $21,315,000 after purchasing an additional 1,309 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In related news, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. The trade was a 25.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. The trade was 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 insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on COST shares. BTIG Research started coverage on Costco Wholesale in a research report on Tuesday. They set a “buy” rating and a $1,115.00 price objective on the stock. Daiwa Capital Markets reduced their price objective on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, October 9th. Roth Capital set a $907.00 target price on Costco Wholesale and gave the stock a “neutral” rating in a report on Friday, September 26th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Wednesday, September 24th. Twenty research 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, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,068.04.

Costco Wholesale Stock Up 0.9%

Shares of NASDAQ:COST opened at $954.99 on Thursday. The company has a market capitalization of $423.23 billion, a price-to-earnings ratio of 52.44, a P/E/G ratio of 5.74 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The business’s 50-day moving average is $951.44 and its 200-day moving average is $971.75. Costco Wholesale Corporation has a 1 year low of $867.34 and a 1 year high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The company had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the business earned $5.15 EPS. Equities research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s payout ratio is currently 28.56%.

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.