Beaird Harris Wealth Management LLC Has $471,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Beaird Harris Wealth Management LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 8.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 554 shares of the retailer’s stock after purchasing an additional 42 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Costco Wholesale were worth $471,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Legal & General Group Plc grew its holdings in shares of Costco Wholesale by 2.5% during the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock worth $3,102,941,000 after purchasing an additional 88,550 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Costco Wholesale by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 312,946 shares of the retailer’s stock worth $266,001,000 after acquiring an additional 6,750 shares during the last quarter. MBB Public Markets I LLC grew its holdings in Costco Wholesale by 2,504.5% during the 2nd quarter. MBB Public Markets I LLC now owns 31,566 shares of the retailer’s stock worth $26,831,000 after acquiring an additional 30,354 shares during the last quarter. Daymark Wealth Partners LLC increased its position in Costco Wholesale by 31.6% in the 2nd quarter. Daymark Wealth Partners LLC now owns 25,429 shares of the retailer’s stock valued at $21,614,000 after acquiring an additional 6,102 shares in the last quarter. Finally, DE Burlo Group Inc. raised its stake in shares of Costco Wholesale by 37.4% in the second quarter. DE Burlo Group Inc. now owns 32,935 shares of the retailer’s stock worth $27,994,000 after acquiring an additional 8,970 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on COST shares. Roth Mkm lifted their target price on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday. Melius Research initiated coverage on Costco Wholesale in a research report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective for the company. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $860.00 to $890.00 in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a research note on Thursday, August 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $881.19.

Insider Transactions at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction dated 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 directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the firm’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 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 available at this hyperlink. Also, Director Susan L. Decker sold 620 shares of the company’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 value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock valued at $4,252,856 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Trading Down 1.8 %

NASDAQ COST opened at $885.62 on Friday. The stock has a market capitalization of $392.63 billion, a P/E ratio of 54.87, a P/E/G ratio of 5.57 and a beta of 0.80. The business has a 50 day simple moving average of $870.67 and a 200 day simple moving average of $816.15. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate of $5.05 by $0.10. The company had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $4.86 EPS. Research analysts expect that Costco Wholesale Co. will post 16.01 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 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 0.52%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

About Costco Wholesale

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.