Consilio Wealth Advisors LLC Raises Position in Costco Wholesale Corporation $COST

Consilio Wealth Advisors LLC increased its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 4.8% during the second quarter, Holdings Channel.com reports. The firm owned 615 shares of the retailer’s stock after acquiring an additional 28 shares during the quarter. Consilio Wealth Advisors LLC’s holdings in Costco Wholesale were worth $606,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in COST. Bulwark Capital Corp purchased a new position in Costco Wholesale in the 2nd quarter worth $25,000. Anderson Financial Strategies LLC raised its position in Costco Wholesale by 900.0% in the 1st 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. Financial Connections Group Inc. raised its position in Costco Wholesale by 975.0% in the 2nd quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after purchasing an additional 39 shares during the period. Frazier Financial Advisors LLC raised its position in Costco Wholesale by 72.0% in the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after purchasing an additional 18 shares during the period. Finally, eCIO Inc. purchased a new position in Costco Wholesale in the 1st quarter worth $48,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity

In related news, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 9,740 shares of the company’s stock, valued at $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the sale, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 3.1%

Shares of COST opened at $925.62 on Friday. The firm’s 50-day moving average price is $950.40 and its 200-day moving average price is $971.61. The firm has a market capitalization of $410.22 billion, a price-to-earnings ratio of 50.83, a PEG ratio of 5.79 and a beta of 0.98. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. 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 earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The firm had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $5.15 EPS. Sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s payout ratio is presently 28.56%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on COST shares. Argus raised their price target on shares of Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Roth Capital set a $907.00 price target on shares of Costco Wholesale and gave the stock a “neutral” rating in a report on Friday, September 26th. Wolfe Research started coverage on shares of Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Erste Group Bank lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Finally, Oppenheimer reissued an “outperform” rating and issued a $1,130.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,068.15.

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.