Monument Capital Management Sells 41 Shares of Costco Wholesale Corporation $COST

Monument Capital Management cut its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 809 shares of the retailer’s stock after selling 41 shares during the period. Monument Capital Management’s holdings in Costco Wholesale were worth $801,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Fishman Jay A Ltd. MI grew its stake in Costco Wholesale by 3.5% in the second quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock valued at $16,718,000 after acquiring an additional 575 shares during the period. Independent Solutions Wealth Management LLC grew its stake in Costco Wholesale by 0.3% in the second quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock valued at $20,430,000 after acquiring an additional 53 shares during the period. Personal CFO Solutions LLC grew its stake in Costco Wholesale by 12.4% in the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock valued at $1,436,000 after acquiring an additional 167 shares during the period. F&V Capital Management LLC acquired a new position in Costco Wholesale in the first quarter valued at about $236,000. Finally, Graybill Wealth Management LTD. acquired a new position in Costco Wholesale in the first quarter valued at about $3,095,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COST has been the subject of a number of research analyst reports. Argus boosted their target price 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. JPMorgan Chase & Co. reduced their price objective on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Citigroup decreased their price objective on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Roth Capital set a $907.00 price objective on Costco Wholesale and gave the stock a “neutral” rating in a report on Friday, September 26th. Finally, Truist Financial decreased their price objective on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a report on Friday, September 26th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,066.23.

Costco Wholesale Stock Performance

COST opened at $930.01 on Friday. Costco Wholesale Corporation has a 52-week low of $867.34 and a 52-week high of $1,078.23. The firm has a market capitalization of $412.16 billion, a PE ratio of 51.07, a PEG ratio of 5.72 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. The business’s 50-day simple moving average is $952.05 and its 200 day simple moving average is $971.48.

Costco Wholesale (NASDAQ:COST) last released 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 for 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 was up 8.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $5.15 earnings per share. As a group, sell-side analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid 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 dividend payout ratio is currently 28.56%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was 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 in the company, valued at $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 5,774 shares in the company, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,981 shares of company stock worth $7,588,685 over the last 90 days. 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.