Copperwynd Financial LLC Has $1.33 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Copperwynd Financial LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,621 shares of the retailer’s stock after acquiring an additional 55 shares during the period. Copperwynd Financial LLC’s holdings in Costco Wholesale were worth $1,333,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in COST. Wulff Hansen & CO. increased its holdings in shares of Costco Wholesale by 99,208.6% during the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock worth $1,253,508,000 after purchasing an additional 1,473,248 shares during the period. Global Assets Advisory LLC acquired a new position in Costco Wholesale in the 1st quarter valued at $510,353,000. Assenagon Asset Management S.A. lifted its position in shares of Costco Wholesale by 287.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock valued at $710,802,000 after acquiring an additional 620,341 shares during the period. Strategic Financial Concepts LLC grew its holdings in shares of Costco Wholesale by 51,747.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock worth $5,266,000 after purchasing an additional 618,383 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado increased its position in shares of Costco Wholesale by 3,647.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 567,641 shares of the retailer’s stock worth $374,688,000 after purchasing an additional 552,492 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

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

Costco Wholesale Price Performance

Shares of COST opened at $885.62 on Friday. The business has a 50-day moving average of $870.67 and a 200-day moving average of $816.70. 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 $392.62 billion, a price-to-earnings ratio of 54.87, a price-to-earnings-growth ratio of 5.47 and a beta of 0.80. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The firm had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter last year, the business earned $4.86 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Costco Wholesale Co. will post 16.02 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a yield of 0.52%. Costco Wholesale’s payout ratio is 28.75%.

Wall Street Analysts Forecast Growth

COST has been the subject of several recent analyst reports. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday. 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 report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft lifted their price objective 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. Roth Mkm upped their target price on Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Stifel Nicolaus lifted their price target on Costco Wholesale from $915.00 to $925.00 and gave the company a “buy” rating in a research note on Friday. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.