Grandfield & Dodd LLC Purchases 221 Shares of Costco Wholesale Corporation $COST

Grandfield & Dodd LLC grew its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 4.7% in the second quarter, HoldingsChannel reports. The fund owned 4,883 shares of the retailer’s stock after buying an additional 221 shares during the period. Grandfield & Dodd LLC’s holdings in Costco Wholesale were worth $4,834,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of COST. Nuveen LLC acquired a new position in Costco Wholesale in the 1st quarter valued at $3,461,159,000. Kingstone Capital Partners Texas LLC grew its stake in Costco Wholesale by 418,980.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock worth $2,335,686,000 after buying an additional 2,358,859 shares in the last quarter. Vanguard Group Inc. increased its holdings in Costco Wholesale by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after buying an additional 443,101 shares during the period. National Bank of Canada FI increased its stake in Costco Wholesale by 84.0% in the first quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock valued at $768,114,000 after acquiring an additional 370,806 shares during the last quarter. Finally, Valeo Financial Advisors LLC raised its position in Costco Wholesale by 2,369.5% during the second quarter. Valeo Financial Advisors LLC now owns 323,288 shares of the retailer’s stock valued at $320,036,000 after purchasing an additional 310,197 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Insider Activity

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 directly owned 9,740 shares in the company, valued at $8,912,100. This trade represents a 25.77% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 10,320 shares of company stock worth $9,605,487. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $925.08 on Friday. The company has a market capitalization of $409.98 billion, a price-to-earnings ratio of 50.80, a PEG ratio of 5.54 and a beta of 0.98. Costco Wholesale Corporation has a twelve month low of $871.71 and a twelve month high of $1,078.23. The stock has a fifty day simple moving average of $935.74 and a 200 day simple moving average of $967.11. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Costco Wholesale (NASDAQ:COST) last issued 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 company had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter in the prior year, the firm posted $5.15 earnings per share. The business’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

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

Analyst Ratings Changes

COST has been the topic of several recent analyst reports. Mizuho decreased their price target on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Evercore ISI dropped their price objective on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a research note on Friday, September 26th. Jefferies Financial Group reissued a “buy” rating on shares of Costco Wholesale in a report on Thursday, October 9th. Sanford C. Bernstein lowered their target price on Costco Wholesale from $1,140.00 to $1,134.00 and set an “outperform” rating for the company in a report on Tuesday, November 4th. Finally, Truist Financial dropped their target price on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research report on Friday, September 26th. Nineteen analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,063.88.

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.