Ingalls & Snyder LLC Has $2.60 Million Stock Holdings in Costco Wholesale Corporation $COST

Ingalls & Snyder LLC boosted its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 9.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,629 shares of the retailer’s stock after buying an additional 229 shares during the period. Ingalls & Snyder LLC’s holdings in Costco Wholesale were worth $2,603,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Corps Capital Advisors LLC raised its holdings in Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after buying an additional 10 shares during the last quarter. Covestor Ltd raised its holdings in shares of Costco Wholesale by 8.6% in the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after purchasing an additional 10 shares during the last quarter. Viewpoint Capital Management LLC raised its holdings in shares of Costco Wholesale by 0.4% in the first quarter. Viewpoint Capital Management LLC now owns 2,689 shares of the retailer’s stock valued at $2,543,000 after purchasing an additional 11 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Costco Wholesale by 0.4% in the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,071 shares of the retailer’s stock valued at $2,905,000 after purchasing an additional 11 shares during the last quarter. Finally, SeaBridge Investment Advisors LLC raised its holdings in shares of Costco Wholesale by 0.4% in the first quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock valued at $2,327,000 after purchasing an additional 11 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $932.14 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 50-day simple moving average of $945.23 and a 200 day simple moving average of $972.16. 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 company has a market capitalization of $413.10 billion, a PE ratio of 51.19, a price-to-earnings-growth ratio of 5.66 and a beta of 0.98.

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

Costco Wholesale Dividend Announcement

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

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Oppenheimer reiterated an “outperform” rating and issued a $1,130.00 target price on shares of Costco Wholesale in a report on Friday, September 26th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Costco Wholesale in a report on Friday. Sanford C. Bernstein increased their target price on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a report on Friday, September 26th. Finally, Argus increased their target price on shares of Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, September 29th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,068.15.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of the stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the completion of the transaction, the executive vice president owned 6,851 shares in the company, valued at $6,410,343.68. This trade represents a 28.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction dated 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 owned 9,740 shares of the company’s stock, valued at $8,912,100. This represents a 25.77% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,920 shares of company stock worth $7,373,175 over the last ninety days. Company insiders own 0.18% of the company’s stock.

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.