235 Shares in Costco Wholesale Corporation $COST Bought by Demars Financial Group LLC

Demars Financial Group LLC bought a new stake in shares of Costco Wholesale Corporation (NASDAQ:COST) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 235 shares of the retailer’s stock, valued at approximately $232,000.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in Costco Wholesale in the 1st quarter worth approximately $3,461,159,000. Kingstone Capital Partners Texas LLC increased its holdings in Costco Wholesale by 418,980.3% in the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock worth $2,335,686,000 after acquiring an additional 2,358,859 shares in the last quarter. Vanguard Group Inc. increased its holdings in Costco Wholesale by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock worth $40,332,515,000 after acquiring an additional 443,101 shares in the last quarter. National Bank of Canada FI increased its holdings in Costco Wholesale by 84.0% in the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock worth $768,114,000 after acquiring an additional 370,806 shares in the last quarter. Finally, Valeo Financial Advisors LLC increased its holdings in Costco Wholesale by 2,369.5% in the 2nd quarter. Valeo Financial Advisors LLC now owns 323,288 shares of the retailer’s stock worth $320,036,000 after acquiring an additional 310,197 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the subject of several analyst reports. Morgan Stanley reduced their target price on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating for the company in a report on Friday, September 26th. JPMorgan Chase & Co. dropped their price target on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. Wolfe Research initiated coverage on Costco Wholesale in a research report on Thursday, September 18th. They set a “peer perform” rating for the company. DA Davidson reiterated a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research report on Friday, September 26th. Finally, Oppenheimer reiterated an “outperform” rating and set a $1,130.00 target price on shares of Costco Wholesale in a research report on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,068.15.

Costco Wholesale Stock Up 1.2%

Shares of COST opened at $936.33 on Monday. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. The company has a market cap of $414.96 billion, a PE ratio of 51.42, a P/E/G ratio of 5.68 and a beta of 0.98. The business has a fifty day moving average of $949.51 and a 200 day moving average of $971.56. 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 released its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping 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 the consensus estimate of $86.01 billion. During the same period last year, the company earned $5.15 earnings per share. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. On average, sell-side analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

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

Insider Buying and Selling at Costco Wholesale

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

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.