Forvis Mazars Wealth Advisors LLC Grows Position in Costco Wholesale Corporation $COST

Forvis Mazars Wealth Advisors LLC raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 5.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 1,565 shares of the retailer’s stock after purchasing an additional 81 shares during the period. Forvis Mazars Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,549,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC increased its stake in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after purchasing an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC boosted its position in shares of Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after acquiring an additional 130 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Costco Wholesale by 12.6% during the 1st quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock valued at $8,160,000 after purchasing an additional 966 shares during the last quarter. Weaver Capital Management LLC grew its holdings in Costco Wholesale by 6.0% during the 1st quarter. Weaver Capital Management LLC now owns 4,961 shares of the retailer’s stock valued at $4,692,000 after buying an additional 282 shares in the last quarter. Finally, Register Financial Advisors LLC grew its holdings in shares of Costco Wholesale by 34.3% in the first quarter. Register Financial Advisors LLC now owns 580 shares of the retailer’s stock valued at $549,000 after purchasing an additional 148 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the company’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 transaction, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This represents a 20.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction, the executive vice president directly owned 9,740 shares in the company, valued at approximately $8,912,100. This trade represents a 25.77% 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.

Costco Wholesale Trading Up 1.2%

COST opened at $936.33 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The stock’s 50 day moving average price is $949.51 and its 200-day moving average price is $971.56. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23. The stock has a market cap of $414.96 billion, a price-to-earnings ratio of 51.42, a P/E/G ratio of 5.68 and a beta of 0.98.

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. The business had revenue of $86.16 billion during 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 business’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $5.15 earnings per share. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Truist Financial decreased their price target on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research note on Friday, September 26th. The Goldman Sachs Group increased their price target on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a report on Friday, September 26th. Evercore ISI dropped their price target on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Jefferies Financial Group reissued a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a research note on Wednesday, October 8th. Nineteen equities 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, the company presently has a consensus rating of “Moderate Buy” and an average 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.