Costco Wholesale Corporation $COST Stock Position Boosted by Fidelis Capital Partners LLC

Fidelis Capital Partners LLC raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,053 shares of the retailer’s stock after buying an additional 111 shares during the period. Costco Wholesale makes up 0.7% of Fidelis Capital Partners LLC’s portfolio, making the stock its 29th biggest position. Fidelis Capital Partners LLC’s holdings in Costco Wholesale were worth $7,800,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Shared Vision Wealth Group LLC increased its stake in shares of Costco Wholesale by 1.6% during the second quarter. Shared Vision Wealth Group LLC now owns 936 shares of the retailer’s stock valued at $880,000 after acquiring an additional 15 shares during the period. ProShare Advisors LLC boosted its stake in Costco Wholesale by 5.3% during the 2nd quarter. ProShare Advisors LLC now owns 681,281 shares of the retailer’s stock valued at $674,427,000 after purchasing an additional 34,093 shares in the last quarter. Profund Advisors LLC increased its position in shares of Costco Wholesale by 13.0% during the 2nd quarter. Profund Advisors LLC now owns 37,768 shares of the retailer’s stock valued at $37,388,000 after purchasing an additional 4,340 shares during the period. Summit X LLC raised its stake in shares of Costco Wholesale by 8.9% in the 2nd quarter. Summit X LLC now owns 561 shares of the retailer’s stock worth $556,000 after buying an additional 46 shares in the last quarter. Finally, King Luther Capital Management Corp lifted its holdings in shares of Costco Wholesale by 4.7% in the second quarter. King Luther Capital Management Corp now owns 46,762 shares of the retailer’s stock valued at $46,292,000 after buying an additional 2,093 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley lowered their target price on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. Evercore ISI lowered their price objective on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a research note on Friday, September 26th. DA Davidson reissued a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research note on Friday, September 26th. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the stock a “neutral” rating in a report on Friday, September 26th. Finally, JPMorgan Chase & Co. dropped their price target on Costco Wholesale from $1,050.00 to $1,025.00 and set an “overweight” rating on the stock in a report on Thursday. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,063.88.

Costco Wholesale Stock Down 0.1%

Shares of NASDAQ:COST opened at $922.74 on Monday. The firm has a 50 day simple moving average of $938.12 and a 200 day simple moving average of $968.65. Costco Wholesale Corporation has a 52 week low of $871.71 and a 52 week high of $1,078.23. 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 cap of $408.94 billion, a PE ratio of 50.67, a price-to-earnings-growth ratio of 5.54 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 for the quarter, topping the consensus estimate of $5.81 by $0.06. The firm had revenue of $86.16 billion for the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $5.15 EPS. As a group, research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Claudine Adamo sold 2,700 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $935.68, for a total value of $2,526,336.00. Following the completion of the sale, the executive vice president directly owned 6,851 shares of the company’s stock, valued at $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Russell D. Miller sold 3,381 shares of the firm’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 sale, the executive vice president owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 7,920 shares of company stock valued at $7,373,175 in the last 90 days. 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.