Apollon Financial LLC Has $7.16 Million Holdings in Costco Wholesale Corporation $COST

Apollon Financial LLC raised its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 6.3% during the second quarter, HoldingsChannel.com reports. The firm owned 7,232 shares of the retailer’s stock after acquiring an additional 427 shares during the quarter. Costco Wholesale makes up 1.5% of Apollon Financial LLC’s portfolio, making the stock its 16th biggest position. Apollon Financial LLC’s holdings in Costco Wholesale were worth $7,159,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in COST. Brighton Jones LLC raised its position in shares of Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after acquiring an additional 2,172 shares during the period. Revolve Wealth Partners LLC raised its position in shares of Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after acquiring an additional 130 shares during the period. GAMMA Investing LLC raised its position in shares of Costco Wholesale by 12.6% in the 1st quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock valued at $8,160,000 after acquiring an additional 966 shares during the period. Marshall Financial Group LLC raised its position in shares of Costco Wholesale by 7.4% in the 1st quarter. Marshall Financial Group LLC now owns 289 shares of the retailer’s stock valued at $274,000 after acquiring an additional 20 shares during the period. Finally, West Branch Capital LLC raised its position in shares of Costco Wholesale by 14.4% in the 1st quarter. West Branch Capital LLC now owns 3,432 shares of the retailer’s stock valued at $3,246,000 after acquiring an additional 433 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COST. Wolfe Research began coverage on shares of Costco Wholesale in a research report on Thursday, September 18th. They issued a “peer perform” rating on the stock. JPMorgan Chase & Co. cut their price target on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Truist Financial cut their price target on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a research report on Friday, September 26th. Oppenheimer reiterated an “outperform” rating and issued a $1,130.00 price target on shares of Costco Wholesale in a research report on Friday, September 26th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Costco Wholesale in a research note on Wednesday. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,066.23.

Insider Transactions at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This trade represents a 20.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the transaction, the executive vice president directly owned 5,774 shares of the company’s stock, valued at $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. Insiders sold 7,981 shares of company stock valued at $7,588,685 in the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

NASDAQ COST opened at $930.01 on Friday. The business has a 50 day simple moving average of $952.05 and a 200 day simple moving average of $971.77. Costco Wholesale Corporation has a 52-week low of $867.34 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 stock has a market cap of $412.16 billion, a price-to-earnings ratio of 51.07, a PEG ratio of 5.64 and a beta of 0.98.

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, topping the consensus estimate of $5.81 by $0.06. The company had revenue of $86.16 billion during 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 business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $5.15 EPS. Analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

Costco Wholesale Profile

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.