Costco Wholesale Corporation $COST Stock Position Raised by Oak Grove Capital LLC

Oak Grove Capital LLC boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 65.3% during the 2nd quarter, Holdings Channel.com reports. The firm owned 21,698 shares of the retailer’s stock after purchasing an additional 8,568 shares during the quarter. Costco Wholesale makes up approximately 3.5% of Oak Grove Capital LLC’s portfolio, making the stock its 5th biggest holding. Oak Grove Capital LLC’s holdings in Costco Wholesale were worth $21,480,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of COST. Brighton Jones LLC increased its holdings in Costco Wholesale by 12.3% during the 4th 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 during the last quarter. Revolve Wealth Partners LLC increased its holdings in Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after purchasing an additional 130 shares during the last quarter. Perpetual Ltd increased its holdings in Costco Wholesale by 10.0% during the 1st quarter. Perpetual Ltd now owns 789 shares of the retailer’s stock worth $746,000 after purchasing an additional 72 shares during the last quarter. Achmea Investment Management B.V. increased its holdings in Costco Wholesale by 9.4% during the 1st quarter. Achmea Investment Management B.V. now owns 75,252 shares of the retailer’s stock worth $71,172,000 after purchasing an additional 6,478 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in Costco Wholesale by 16.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,226 shares of the retailer’s stock worth $139,659,000 after purchasing an additional 21,249 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 1.1%

NASDAQ:COST opened at $932.14 on Monday. Costco Wholesale Corporation has a 12-month low of $867.34 and a 12-month high of $1,078.23. The firm 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 current ratio of 1.03 and a quick ratio of 0.55. The business has a 50 day simple moving average of $945.23 and a 200 day simple moving average of $972.16.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $86.01 billion. During the same quarter in the previous year, the firm posted $5.15 EPS. The business’s revenue for the quarter was up 8.1% compared to the same quarter last year. Equities research analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

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

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 3,381 shares of the business’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 completion of the transaction, the executive vice president owned 9,740 shares in the company, valued at $8,912,100. The trade was a 25.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the business’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 value of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 7,920 shares of company stock worth $7,373,175. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Oppenheimer reiterated an “outperform” rating and issued a $1,130.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Morgan Stanley lowered their price target on 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. Roth Capital set a $907.00 price target on Costco Wholesale and gave the company a “neutral” rating in a report on Friday, September 26th. BTIG Research assumed coverage on Costco Wholesale in a report on Tuesday, October 14th. They issued a “buy” rating and a $1,115.00 price target for the company. Finally, Wolfe Research assumed coverage on Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating for the company. Nineteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.