104,023 Shares in Costco Wholesale Co. (NASDAQ:COST) Purchased by Sanctuary Advisors LLC

Sanctuary Advisors LLC purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 104,023 shares of the retailer’s stock, valued at approximately $88,419,000. Costco Wholesale accounts for about 0.6% of Sanctuary Advisors LLC’s portfolio, making the stock its 20th biggest holding.

Other institutional investors also recently modified their holdings of the company. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $26,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the first quarter worth about $32,000. Vima LLC bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $34,000. Financial Connections Group Inc. grew its position in shares of 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 purchasing an additional 39 shares during the period. Finally, Bank & Trust Co bought a new stake in Costco Wholesale during the 2nd quarter worth approximately $48,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, Director Susan L. Decker sold 620 shares of the stock in a transaction dated Thursday, August 15th. The stock was 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 in the company, valued at approximately $10,320,787.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Susan L. Decker sold 620 shares of the firm’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 transaction of $543,430.00. Following the transaction, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The disclosure for this sale can be found here. Insiders have sold a total of 4,974 shares of company stock valued at $4,252,856 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 1.0 %

Shares of NASDAQ:COST opened at $877.38 on Wednesday. The company has a market capitalization of $388.97 billion, a PE ratio of 54.36, a price-to-earnings-growth 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. The business has a fifty day moving average price of $871.96 and a two-hundred day moving average price of $819.44. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83.

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

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders 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 dividend yield of 0.53%. Costco Wholesale’s payout ratio is currently 28.75%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Robert W. Baird upped their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Stifel Nicolaus raised their price target on Costco Wholesale from $915.00 to $925.00 and gave the company a “buy” rating in a report on Friday, September 27th. Truist Financial downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a research note on Tuesday, September 24th. Finally, Bank of America raised their target price on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $883.04.

Costco Wholesale Company 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.