Costco Wholesale Corporation $COST Stake Boosted by TABR Capital Management LLC

TABR Capital Management LLC increased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 4.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 469 shares of the retailer’s stock after purchasing an additional 19 shares during the period. Costco Wholesale accounts for 0.4% of TABR Capital Management LLC’s portfolio, making the stock its 18th largest position. TABR Capital Management LLC’s holdings in Costco Wholesale were worth $464,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Midwest Financial Group LLC grew its stake in Costco Wholesale by 19.0% during the 2nd quarter. Midwest Financial Group LLC now owns 1,290 shares of the retailer’s stock worth $1,277,000 after buying an additional 206 shares during the last quarter. LBP AM SA lifted its stake in Costco Wholesale by 14.3% in the second quarter. LBP AM SA now owns 18,302 shares of the retailer’s stock valued at $18,118,000 after buying an additional 2,292 shares during the last quarter. Victrix Investment Advisors boosted its holdings in shares of Costco Wholesale by 4.5% during the second quarter. Victrix Investment Advisors now owns 716 shares of the retailer’s stock valued at $709,000 after acquiring an additional 31 shares during the period. Requisite Capital Management LLC boosted its holdings in shares of Costco Wholesale by 14.0% during the second quarter. Requisite Capital Management LLC now owns 261 shares of the retailer’s stock valued at $258,000 after acquiring an additional 32 shares during the period. Finally, Generali Investments CEE investicni spolecnost a.s. grew its position in shares of Costco Wholesale by 9.5% during the second quarter. Generali Investments CEE investicni spolecnost a.s. now owns 4,616 shares of the retailer’s stock worth $4,570,000 after acquiring an additional 400 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Sanford C. Bernstein lifted their price objective on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research report on Friday. Citigroup dropped their price target on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a research note on Monday. Argus lifted their price target on Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday. Oppenheimer reiterated an “outperform” rating and set a $1,130.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Finally, Daiwa Capital Markets lowered their target price on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research report on Tuesday. Eighteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $1,067.19.

Insider Activity

In other news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale 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. The trade was a 20.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Performance

COST opened at $925.63 on Wednesday. The business has a 50 day moving average price of $954.76 and a two-hundred day moving average price of $971.40. 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 company has a market capitalization of $410.50 billion, a price-to-earnings ratio of 50.83, a price-to-earnings-growth ratio of 5.59 and a beta of 0.97. Costco Wholesale Corporation has a 1-year low of $867.16 and a 1-year high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $86.01 billion. During the same period last year, the firm earned $5.15 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. Research analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a $1.30 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s payout ratio is 28.56%.

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.