Fiduciary Wealth Partners LLC Has $435,000 Stock Position in Costco Wholesale Corporation $COST

Fiduciary Wealth Partners LLC lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 143.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 439 shares of the retailer’s stock after purchasing an additional 259 shares during the period. Fiduciary Wealth Partners LLC’s holdings in Costco Wholesale were worth $435,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Bulwark Capital Corp acquired a new stake in Costco Wholesale in the 2nd quarter worth approximately $25,000. Anderson Financial Strategies LLC raised its position in shares of Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after purchasing an additional 36 shares during the period. Financial Connections Group Inc. lifted its stake in shares of Costco Wholesale by 975.0% in the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock worth $42,000 after buying an additional 39 shares during the last quarter. Frazier Financial Advisors LLC boosted its holdings in shares of Costco Wholesale by 72.0% during the 2nd quarter. Frazier Financial Advisors LLC now owns 43 shares of the retailer’s stock worth $43,000 after buying an additional 18 shares during the period. Finally, eCIO Inc. acquired a new position in Costco Wholesale in the 1st quarter valued at $48,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on COST. DA Davidson reissued a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research report on Friday, September 26th. Roth Capital set a $907.00 price objective on shares of Costco Wholesale and gave the stock a “neutral” rating in a report on Friday, September 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Costco Wholesale in a research report on Thursday, October 9th. Daiwa Capital Markets decreased their target price 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. Finally, Sanford C. Bernstein upped their price target on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $1,068.15.

Insider Activity at Costco Wholesale

In related news, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $934.62, for a total value of $1,157,994.18. Following the completion of the transaction, the insider directly owned 5,155 shares of the company’s stock, valued at approximately $4,817,966.10. This represents a 19.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,920 shares of company stock valued at $7,373,175. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $932.14 on Friday. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $413.11 billion, a PE ratio of 51.19, a PEG ratio of 5.66 and a beta of 0.98. The stock’s fifty day simple moving average is $945.23 and its 200 day simple moving average is $972.11.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.Costco Wholesale’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $5.15 EPS. On average, research analysts predict 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. Investors of record on Friday, October 31st will be issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, October 31st. 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.