Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Boosted by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,897 shares of the retailer’s stock after buying an additional 38 shares during the period. Costco Wholesale accounts for 8.7% of Regency Capital Management Inc. DE’s portfolio, making the stock its 2nd biggest position. Regency Capital Management Inc. DE’s holdings in Costco Wholesale were worth $13,512,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Strong Tower Advisory Services raised its stake in Costco Wholesale by 7.9% during the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after buying an additional 137 shares during the last quarter. J.W. Cole Advisors Inc. boosted its holdings in shares of Costco Wholesale by 52.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after purchasing an additional 2,620 shares during the last quarter. Main Street Financial Solutions LLC raised its stake in Costco Wholesale by 22.8% during the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock valued at $3,003,000 after purchasing an additional 656 shares in the last quarter. Parcion Private Wealth LLC raised its position in Costco Wholesale by 30.8% during the second quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock valued at $4,757,000 after purchasing an additional 1,319 shares during the period. Finally, Aspiriant LLC boosted its stake in shares of Costco Wholesale by 6.1% during the 1st quarter. Aspiriant LLC now owns 2,327 shares of the retailer’s stock worth $1,705,000 after purchasing an additional 134 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on COST shares. Bank of America upped their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Stifel Nicolaus raised their target price on Costco Wholesale from $915.00 to $925.00 and gave the stock a “buy” rating in a report on Friday. Roth Mkm boosted their price target on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a report on Friday. BMO Capital Markets reissued an “outperform” rating and issued a $980.00 price target (up from $950.00) on shares of Costco Wholesale in a research note on Friday. Finally, Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective for the company in a research report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $883.04.

Costco Wholesale Stock Up 0.1 %

COST opened at $886.52 on Tuesday. The stock has a market capitalization of $393.03 billion, a P/E ratio of 54.93, a P/E/G ratio of 5.47 and a beta of 0.80. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The business has a 50 day simple moving average of $871.45 and a 200-day simple moving average of $818.37. 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 (NASDAQ:COST) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The company had revenue of $79.70 billion during 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 firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.86 earnings per share. On average, equities analysts anticipate that Costco Wholesale Co. will post 16.02 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced 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 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 currently 28.75%.

Insider Transactions at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of Costco Wholesale 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 transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $4,252,856 over the last quarter. 0.18% of the stock is currently owned by insiders.

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.