SilverOak Wealth Management LLC Increases Stake in Costco Wholesale Corporation $COST

SilverOak Wealth Management LLC lifted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 26.4% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 786 shares of the retailer’s stock after purchasing an additional 164 shares during the quarter. SilverOak Wealth Management LLC’s holdings in Costco Wholesale were worth $778,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Nordea Investment Management AB raised its position in shares of Costco Wholesale by 2.2% in the 2nd quarter. Nordea Investment Management AB now owns 31,682 shares of the retailer’s stock valued at $31,172,000 after purchasing an additional 695 shares during the last quarter. Empirical Asset Management LLC raised its position in shares of Costco Wholesale by 2.4% in the 2nd quarter. Empirical Asset Management LLC now owns 826 shares of the retailer’s stock valued at $818,000 after purchasing an additional 19 shares during the last quarter. Consilio Wealth Advisors LLC raised its position in shares of Costco Wholesale by 4.8% in the 2nd quarter. Consilio Wealth Advisors LLC now owns 615 shares of the retailer’s stock valued at $606,000 after purchasing an additional 28 shares during the last quarter. Commons Capital LLC raised its position in shares of Costco Wholesale by 2.2% in the 2nd quarter. Commons Capital LLC now owns 2,886 shares of the retailer’s stock valued at $2,857,000 after purchasing an additional 63 shares during the last quarter. Finally, Harbor Asset Planning Inc. purchased a new position in shares of Costco Wholesale in the 2nd quarter valued at approximately $137,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This trade represents a 20.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president directly owned 9,740 shares in the company, valued at $8,912,100. The trade was a 25.77% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Erste Group Bank lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Argus increased 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. Jefferies Financial Group reiterated a “buy” rating on shares of Costco Wholesale in a report on Thursday, October 9th. The Goldman Sachs Group increased their price target on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a report on Friday, September 26th. Finally, Mizuho cut their price target on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a report on Thursday, October 9th. Nineteen analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,068.15.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $925.62 on Friday. The stock 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. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23. The firm’s 50 day simple moving average is $950.40 and its 200-day simple moving average is $971.61. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The business had revenue of $86.16 billion for the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company earned $5.15 EPS. Analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The company 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 dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

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.