Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 488.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,254 shares of the retailer’s stock after purchasing an additional 1,871 shares during the quarter. Signature Estate & Investment Advisors LLC’s holdings in Costco Wholesale were worth $1,916,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Oak Asset Management LLC grew its holdings in Costco Wholesale by 0.3% in the 2nd quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after buying an additional 12 shares during the last quarter. Peddock Capital Advisors LLC increased its position in Costco Wholesale by 0.7% during the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after acquiring an additional 12 shares during the period. Bedel Financial Consulting Inc. raised its stake in Costco Wholesale by 1.3% during the 1st quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock valued at $729,000 after purchasing an additional 13 shares during the last quarter. Boltwood Capital Management boosted its holdings in Costco Wholesale by 1.7% in the 2nd quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock valued at $671,000 after purchasing an additional 13 shares during the period. Finally, LifePro Asset Management grew its position in Costco Wholesale by 3.8% in the 2nd quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock worth $304,000 after purchasing an additional 13 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the topic of several research reports. Evercore ISI lowered their price target on Costco Wholesale from $920.00 to $915.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Truist Financial raised their target price on Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research report on Friday, May 31st. Citigroup boosted their price target on shares of Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a report on Friday, May 31st. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Finally, Bank of America boosted their target price on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $824.50.

Insider Activity at Costco Wholesale

In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $5,041,057.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,970 shares of company stock valued at $4,249,526. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Up 0.7 %

Costco Wholesale stock traded up $6.17 during mid-day trading on Tuesday, reaching $898.68. The company’s stock had a trading volume of 260,829 shares, compared to its average volume of 1,955,521. The business’s 50 day simple moving average is $851.73 and its 200 day simple moving average is $790.20. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. Costco Wholesale Co. has a 12 month low of $533.12 and a 12 month high of $899.56. The company has a market capitalization of $398.42 billion, a price-to-earnings ratio of 55.49, a price-to-earnings-growth ratio of 5.84 and a beta of 0.78.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.08. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The company had revenue of $58.52 billion during the quarter, compared to analysts’ expectations of $58.16 billion. During the same quarter last year, the company earned $3.43 EPS. Costco Wholesale’s revenue for the quarter was up 9.1% compared to the same quarter last year. As a group, research analysts anticipate that Costco Wholesale Co. will post 15.98 earnings per share 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 issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s payout ratio is presently 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.