Creekmur Asset Management LLC Has $2.97 Million Holdings in Costco Wholesale Corporation $COST

Creekmur Asset Management LLC raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 104.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,005 shares of the retailer’s stock after buying an additional 1,532 shares during the quarter. Costco Wholesale accounts for 0.5% of Creekmur Asset Management LLC’s investment portfolio, making the stock its 29th largest holding. Creekmur Asset Management LLC’s holdings in Costco Wholesale were worth $2,974,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Peterson Wealth Services grew its holdings in Costco Wholesale by 0.5% during the second quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock worth $13,479,000 after buying an additional 72 shares in the last quarter. Fishman Jay A Ltd. MI grew its holdings in Costco Wholesale by 3.5% during the second quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after buying an additional 575 shares in the last quarter. Independent Solutions Wealth Management LLC grew its holdings in Costco Wholesale by 0.3% during the second quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock worth $20,430,000 after buying an additional 53 shares in the last quarter. Personal CFO Solutions LLC grew its holdings in Costco Wholesale by 12.4% during the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock worth $1,436,000 after buying an additional 167 shares in the last quarter. Finally, Graybill Wealth Management LTD. bought a new stake in Costco Wholesale during the first quarter worth $3,095,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COST has been the subject of several recent research reports. Daiwa Capital Markets decreased their price target on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a report on Tuesday, September 30th. Morgan Stanley decreased 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. Sanford C. Bernstein upped their price objective on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Wolfe Research began coverage on Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating for the company. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,068.15.

Costco Wholesale Stock Performance

Shares of COST opened at $920.18 on Friday. The stock’s 50-day simple moving average is $940.48 and its 200 day simple moving average is $970.92. The stock has a market capitalization of $407.81 billion, a price-to-earnings ratio of 50.53, a price-to-earnings-growth ratio of 5.54 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 52-week low of $867.34 and a 52-week high of $1,078.23.

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

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Stockholders 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 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio is currently 28.56%.

Insider Buying and Selling

In other news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale 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 completion of the sale, the executive vice president owned 9,740 shares in the company, valued at approximately $8,912,100. This trade represents a 25.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale 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 sale, the executive vice president owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 7,920 shares of company stock valued at $7,373,175. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale 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.