Mattson Financial Services LLC Purchases Shares of 2,647 Costco Wholesale Co. (NASDAQ:COST)

Mattson Financial Services LLC bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the 2nd quarter, according to its most recent filing with the SEC. The firm bought 2,647 shares of the retailer’s stock, valued at approximately $2,250,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sage Advisors LLC raised its stake in shares of Costco Wholesale by 14.7% during the second quarter. Sage Advisors LLC now owns 1,100 shares of the retailer’s stock valued at $935,000 after purchasing an additional 141 shares in the last quarter. Centaurus Financial Inc. boosted its position in shares of Costco Wholesale by 19.2% during the 2nd quarter. Centaurus Financial Inc. now owns 5,179 shares of the retailer’s stock valued at $4,402,000 after purchasing an additional 833 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund grew its position in Costco Wholesale by 9.5% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 389,883 shares of the retailer’s stock worth $331,397,000 after buying an additional 33,720 shares during the last quarter. Summit Wealth Partners LLC acquired a new stake in shares of Costco Wholesale during the second quarter worth $206,000. Finally, SS&H Financial Advisors Inc. lifted its stake in Costco Wholesale by 5.4% during the second quarter. SS&H Financial Advisors Inc. now owns 2,907 shares of the retailer’s stock valued at $2,470,000 after buying an additional 150 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on COST shares. Barclays raised their price target on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Oppenheimer boosted their target price on shares of Costco Wholesale from $925.00 to $955.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective on the stock in a research note on Thursday, August 8th. Finally, Redburn Atlantic downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $883.04.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $878.53 on Thursday. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83. 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 stock’s 50 day moving average is $872.91 and its 200 day moving average is $819.85. The firm has a market cap of $389.48 billion, a P/E ratio of 54.43, a P/E/G ratio of 5.38 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.30%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the firm earned $4.86 earnings per share. As a group, research analysts expect that Costco Wholesale Co. will post 17.74 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Insider Activity

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred 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 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 transaction of $543,430.00. Following the sale, 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 Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The disclosure for this sale can be found here. Insiders have sold a total of 8,174 shares of company stock valued at $7,097,624 over the last quarter. Company insiders own 0.18% of the company’s stock.

Costco Wholesale 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.