Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Tnf LLC

Tnf LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 145.4% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 886 shares of the retailer’s stock after purchasing an additional 525 shares during the quarter. Tnf LLC’s holdings in Costco Wholesale were worth $736,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Highland Capital Management LLC grew its holdings in shares of Costco Wholesale by 2.9% during the second quarter. Highland Capital Management LLC now owns 39,921 shares of the retailer’s stock worth $33,933,000 after purchasing an additional 1,107 shares during the last quarter. Capital Advisors Ltd. LLC lifted its position in Costco Wholesale by 2.2% in the second quarter. Capital Advisors Ltd. LLC now owns 1,328 shares of the retailer’s stock valued at $1,129,000 after purchasing an additional 28 shares during the period. AMG National Trust Bank lifted its position in Costco Wholesale by 10.1% in the second quarter. AMG National Trust Bank now owns 4,765 shares of the retailer’s stock valued at $4,050,000 after purchasing an additional 439 shares during the period. Sigma Investment Counselors Inc. lifted its position in Costco Wholesale by 0.3% in the second quarter. Sigma Investment Counselors Inc. now owns 16,013 shares of the retailer’s stock valued at $13,611,000 after purchasing an additional 50 shares during the period. Finally, Tempus Wealth Planning LLC lifted its position in Costco Wholesale by 6.7% in the second quarter. Tempus Wealth Planning LLC now owns 1,470 shares of the retailer’s stock valued at $1,250,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity

In related news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $848.53, for a total transaction of $1,272,795.00. Following the completion of the sale, the insider now directly owns 10,992 shares of the company’s stock, valued at approximately $9,327,041.76. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now directly owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The disclosure for this sale can be found here. Insiders sold 4,970 shares of company stock valued at $4,249,526 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.2 %

Shares of NASDAQ COST traded up $1.65 during trading on Friday, hitting $879.21. 1,305,753 shares of the company traded hands, compared to its average volume of 1,967,249. Costco Wholesale Co. has a 1 year low of $530.56 and a 1 year high of $896.67. The company has a 50-day moving average price of $851.23 and a 200-day moving average price of $789.01. The firm has a market capitalization of $389.78 billion, a P/E ratio of 54.47, a P/E/G ratio of 5.84 and a beta of 0.78. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company had revenue of $58.52 billion during the quarter, compared to analysts’ expectations of $58.16 billion. During the same period in the previous year, the company earned $3.43 EPS. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts predict that Costco Wholesale Co. will post 15.98 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. Costco Wholesale’s dividend payout ratio is presently 28.75%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on COST shares. Truist Financial lifted their price target on shares of Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Stifel Nicolaus lifted their price target on shares of Costco Wholesale from $900.00 to $950.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Bank of America lifted their price target on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Robert W. Baird lifted their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Finally, Roth Mkm reiterated a “neutral” rating and set a $676.00 price target (up from $650.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $824.50.

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.