Buck Wealth Strategies LLC Takes Position in Costco Wholesale Co. (NASDAQ:COST)

Buck Wealth Strategies LLC purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 352 shares of the retailer’s stock, valued at approximately $300,000.

A number of other institutional investors and hedge funds have also modified their holdings of COST. Frank Rimerman Advisors LLC purchased a new position in Costco Wholesale in the fourth quarter valued at about $26,000. Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the 1st quarter worth about $32,000. Financial Connections Group Inc. raised its holdings in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after acquiring an additional 39 shares in the last quarter. Vima LLC acquired a new position in Costco Wholesale in the 4th quarter valued at approximately $34,000. Finally, Bank & Trust Co bought a new stake in shares of Costco Wholesale in the 2nd quarter valued at approximately $48,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred 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 $5,041,057.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction of $298,035.50. Following the transaction, 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. Over the last ninety days, insiders sold 4,974 shares of company stock valued at $4,252,856. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $885.62 on Friday. The stock has a market capitalization of $392.62 billion, a P/E ratio of 54.87, a P/E/G ratio of 5.47 and a beta of 0.80. 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 1 year low of $540.23 and a 1 year high of $923.83. The company’s 50-day moving average is $870.67 and its 200 day moving average is $816.70.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.86 earnings per share. On average, sell-side analysts expect that Costco Wholesale Co. will post 16.02 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Analyst Upgrades and Downgrades

COST has been the topic of a number of research analyst reports. Telsey Advisory Group increased their price target on Costco Wholesale from $925.00 to $1,000.00 and gave the stock an “outperform” rating in a research report on Friday. DA Davidson raised their price target on Costco Wholesale from $780.00 to $880.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday. TD Cowen lifted their target price on Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Finally, Melius Research started coverage on Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price target on the stock. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $881.19.

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.