Lodestar Private Asset Management LLC Acquires 148 Shares of Costco Wholesale Corporation $COST

Lodestar Private Asset Management LLC grew its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 8.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 1,867 shares of the retailer’s stock after purchasing an additional 148 shares during the period. Lodestar Private Asset Management LLC’s holdings in Costco Wholesale were worth $1,848,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Bulwark Capital Corp bought a new position in shares of Costco Wholesale during the second quarter valued at $25,000. Anderson Financial Strategies LLC raised its stake in shares of Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after acquiring an additional 36 shares during the last quarter. Financial Connections Group Inc. raised its stake in shares of Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after acquiring an additional 39 shares during the last quarter. eCIO Inc. bought a new position in shares of Costco Wholesale during the first quarter valued at $48,000. Finally, Aspect Partners LLC raised its stake in shares of Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after acquiring an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of analyst reports. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, September 24th. Weiss Ratings reissued a “buy (b-)” rating on shares of Costco Wholesale in a research note on Wednesday, October 8th. Truist Financial lowered their target price on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research note on Friday, September 26th. Citigroup lowered their target price on shares of 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. Finally, Jefferies Financial Group reissued a “buy” rating on shares of Costco Wholesale in a research note on Thursday. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $1,066.23.

Insider Transactions at Costco Wholesale

In other news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the transaction, the executive vice president directly owned 9,740 shares in the company, valued at $8,912,100. This trade represents a 25.77% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction 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. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Costco Wholesale Trading Down 1.4%

NASDAQ:COST opened at $930.01 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $412.16 billion, a price-to-earnings ratio of 51.07, a PEG ratio of 5.64 and a beta of 0.98. The firm has a fifty day simple moving average of $952.05 and a two-hundred day simple moving average of $972.00. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The business 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 company posted $5.15 earnings per share. Analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $1.30 dividend. 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%.

Costco Wholesale Company 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.