Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 19.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 613 shares of the retailer’s stock after acquiring an additional 100 shares during the quarter. Gilman Hill Asset Management LLC’s holdings in Costco Wholesale were worth $521,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Register Financial Advisors LLC increased its holdings in shares of Costco Wholesale by 113.2% during the 2nd quarter. Register Financial Advisors LLC now owns 258 shares of the retailer’s stock worth $219,000 after purchasing an additional 137 shares during the period. Southland Equity Partners LLC increased its stake in Costco Wholesale by 2.3% in the second quarter. Southland Equity Partners LLC now owns 574 shares of the retailer’s stock valued at $488,000 after acquiring an additional 13 shares during the period. Capital Investment Advisors LLC increased its stake in Costco Wholesale by 9.1% in the second quarter. Capital Investment Advisors LLC now owns 12,781 shares of the retailer’s stock valued at $10,863,000 after acquiring an additional 1,066 shares during the period. Norway Savings Bank boosted its position in Costco Wholesale by 6.5% in the second quarter. Norway Savings Bank now owns 3,180 shares of the retailer’s stock valued at $2,703,000 after buying an additional 194 shares in the last quarter. Finally, Accel Wealth Management boosted its position in Costco Wholesale by 25.2% in the second quarter. Accel Wealth Management now owns 671 shares of the retailer’s stock valued at $570,000 after buying an additional 135 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In related news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,350 shares of company stock worth $2,837,131. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COST. Stifel Nicolaus upped their target price on shares of Costco Wholesale from $900.00 to $950.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Truist Financial increased their price objective on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Barclays increased their price objective on shares of Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. TD Cowen increased their price objective on shares of Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, Tigress Financial increased their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $821.62.

Costco Wholesale Stock Up 1.8 %

Shares of NASDAQ COST traded up $15.50 during trading on Friday, hitting $854.93. The stock had a trading volume of 1,710,588 shares, compared to its average volume of 2,000,016. Costco Wholesale Co. has a 12 month low of $530.56 and a 12 month high of $896.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The company has a market capitalization of $379.02 billion, a PE ratio of 52.97, a PEG ratio of 5.49 and a beta of 0.78. The firm has a fifty day moving average of $844.97 and a two-hundred day moving average of $776.31.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. The company had revenue of $58.52 billion for the quarter, compared to the consensus estimate of $58.16 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $3.43 EPS. As a group, equities research analysts forecast that Costco Wholesale Co. will post 15.97 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s payout ratio is 28.75%.

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.