Costco Wholesale Corporation $COST Shares Acquired by Curat Global LLC

Curat Global LLC raised its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 23.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 315 shares of the retailer’s stock after purchasing an additional 60 shares during the period. Curat Global LLC’s holdings in Costco Wholesale were worth $312,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the business. Corps Capital Advisors LLC increased its position in shares of Costco Wholesale by 0.7% in the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after acquiring an additional 10 shares during the period. Covestor Ltd increased its position in shares of Costco Wholesale by 8.6% in the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after acquiring an additional 10 shares during the period. Viewpoint Capital Management LLC increased its position in shares of Costco Wholesale by 0.4% in the 1st quarter. Viewpoint Capital Management LLC now owns 2,689 shares of the retailer’s stock valued at $2,543,000 after acquiring an additional 11 shares during the period. Mitchell Mcleod Pugh & Williams Inc. increased its position in shares of Costco Wholesale by 0.4% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,071 shares of the retailer’s stock valued at $2,905,000 after acquiring an additional 11 shares during the period. Finally, SeaBridge Investment Advisors LLC increased its position in shares of Costco Wholesale by 0.4% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock valued at $2,327,000 after acquiring an additional 11 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of COST opened at $932.14 on Monday. The business’s 50-day moving average is $945.23 and its two-hundred day moving average is $972.16. The company has a market capitalization of $413.10 billion, a P/E ratio of 51.19, a P/E/G ratio of 5.66 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. Costco Wholesale Corporation has a fifty-two week low of $867.34 and a fifty-two week high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. During the same period in the prior year, the company posted $5.15 EPS. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently announced 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. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s dividend payout ratio is presently 28.56%.

Insider Activity

In other news, EVP Russell D. Miller sold 3,381 shares of the 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 directly owned 9,740 shares of the company’s stock, valued at $8,912,100. This represents a 25.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Teresa A. Jones sold 600 shares of the 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 approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,920 shares of company stock valued at $7,373,175. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on COST shares. Jefferies Financial Group reissued a “buy” rating on shares of Costco Wholesale in a research report on Thursday, October 9th. Truist Financial cut their target price on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Evercore ISI cut their target price on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research report on Friday, September 26th. Wolfe Research assumed coverage on Costco Wholesale in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. Finally, Citigroup cut their price target on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research report on Monday, September 29th. Nineteen research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $1,068.15.

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.