Foundation Wealth Management LLC Has $691,000 Stock Position in Costco Wholesale Corporation $COST

Foundation Wealth Management LLC lowered its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 698 shares of the retailer’s stock after selling 36 shares during the period. Costco Wholesale comprises about 0.5% of Foundation Wealth Management LLC’s portfolio, making the stock its 24th biggest holding. Foundation Wealth Management LLC’s holdings in Costco Wholesale were worth $691,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Joel Isaacson & Co. LLC raised its holdings in shares of Costco Wholesale by 7.5% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 4,655 shares of the retailer’s stock worth $4,608,000 after buying an additional 323 shares in the last quarter. Roundview Capital LLC raised its holdings in shares of Costco Wholesale by 1.7% during the 2nd quarter. Roundview Capital LLC now owns 17,260 shares of the retailer’s stock worth $17,086,000 after buying an additional 292 shares in the last quarter. Sunbeam Capital Management LLC lifted its stake in shares of Costco Wholesale by 23.8% in the 2nd quarter. Sunbeam Capital Management LLC now owns 1,323 shares of the retailer’s stock valued at $1,310,000 after acquiring an additional 254 shares during the last quarter. CFM Wealth Partners LLC lifted its stake in shares of Costco Wholesale by 2.2% in the 2nd quarter. CFM Wealth Partners LLC now owns 12,151 shares of the retailer’s stock valued at $12,028,000 after acquiring an additional 263 shares during the last quarter. Finally, KLP Kapitalforvaltning AS lifted its stake in shares of Costco Wholesale by 3.9% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 158,340 shares of the retailer’s stock valued at $156,747,000 after acquiring an additional 6,000 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.4%

Shares of NASDAQ:COST opened at $914.80 on Wednesday. The firm has a market cap of $405.70 billion, a P/E ratio of 50.24, a P/E/G ratio of 5.52 and a beta of 0.98. 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 Corporation has a 12-month low of $867.34 and a 12-month high of $1,078.23. The business has a fifty day simple moving average of $952.69 and a 200 day simple moving average of $971.76.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.Costco Wholesale’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $5.15 EPS. Analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued 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 was Friday, August 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Analysts Set New Price Targets

COST has been the subject of a number of research reports. Weiss Ratings reiterated a “buy (b-)” rating on shares of Costco Wholesale in a research note on Saturday, September 27th. Wolfe Research initiated coverage on Costco Wholesale in a research note on Thursday, September 18th. They issued a “peer perform” rating for the company. Argus increased their price target on Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a research note on Monday, September 29th. Evercore ISI dropped their price target on 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. Finally, Citigroup dropped their price target on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a research note on Monday, September 29th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,067.19.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the sale, the executive vice president owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,981 shares of company stock worth $7,588,685. 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.