Hemington Wealth Management Buys 13 Shares of Costco Wholesale Corporation $COST

Hemington Wealth Management lifted its stake in Costco Wholesale Corporation (NASDAQ:COST) by 1.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,124 shares of the retailer’s stock after purchasing an additional 13 shares during the period. Hemington Wealth Management’s holdings in Costco Wholesale were worth $1,112,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Fifth Third Wealth Advisors LLC boosted its position in shares of Costco Wholesale by 8.2% in the 2nd quarter. Fifth Third Wealth Advisors LLC now owns 10,222 shares of the retailer’s stock worth $10,120,000 after purchasing an additional 775 shares during the last quarter. Natural Investments LLC lifted its holdings in Costco Wholesale by 1.8% during the second quarter. Natural Investments LLC now owns 3,184 shares of the retailer’s stock worth $3,151,000 after acquiring an additional 57 shares in the last quarter. Richardson Financial Services Inc. lifted its holdings in Costco Wholesale by 4.7% during the second quarter. Richardson Financial Services Inc. now owns 1,055 shares of the retailer’s stock worth $1,040,000 after acquiring an additional 47 shares in the last quarter. One Degree Advisors Inc lifted its holdings in Costco Wholesale by 13.0% during the second quarter. One Degree Advisors Inc now owns 2,649 shares of the retailer’s stock worth $2,622,000 after acquiring an additional 305 shares in the last quarter. Finally, Avion Wealth lifted its holdings in Costco Wholesale by 23.7% during the second quarter. Avion Wealth now owns 141 shares of the retailer’s stock worth $133,000 after acquiring an additional 27 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

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 5.64 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 $971.77.

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. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. During the same quarter in the prior year, the company posted $5.15 earnings per share. Costco Wholesale’s revenue was up 8.1% on a year-over-year basis. 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%.

Analyst Ratings Changes

COST has been the topic of several recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Wednesday, September 24th. Morgan Stanley reduced their target price on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a report on Friday, September 26th. Citigroup reduced their target price on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Mizuho cut their price target on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a report on Thursday. Finally, Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a report on Thursday. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,066.23.

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 company’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. This 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.

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.