Costco Wholesale Co. (NASDAQ:COST) Shares Bought by S. R. Schill & Associates

S. R. Schill & Associates grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.9% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,392 shares of the retailer’s stock after purchasing an additional 45 shares during the period. Costco Wholesale makes up about 0.9% of S. R. Schill & Associates’ holdings, making the stock its 20th biggest position. S. R. Schill & Associates’ holdings in Costco Wholesale were worth $2,033,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Main Street Financial Solutions LLC grew its holdings in shares of Costco Wholesale by 4.7% in the 4th quarter. Main Street Financial Solutions LLC now owns 1,763 shares of the retailer’s stock worth $1,164,000 after acquiring an additional 79 shares during the period. Metis Global Partners LLC increased its position in shares of Costco Wholesale by 15.6% in the fourth quarter. Metis Global Partners LLC now owns 21,514 shares of the retailer’s stock valued at $14,201,000 after buying an additional 2,909 shares in the last quarter. Zhang Financial LLC raised its stake in shares of Costco Wholesale by 3.8% during the 1st quarter. Zhang Financial LLC now owns 1,010 shares of the retailer’s stock worth $740,000 after buying an additional 37 shares during the last quarter. Strong Tower Advisory Services boosted its position in shares of Costco Wholesale by 7.9% in the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after buying an additional 137 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC grew its stake in Costco Wholesale by 6.2% in the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 27,902 shares of the retailer’s stock valued at $18,418,000 after acquiring an additional 1,627 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $848.53, for a total value of $1,272,795.00. Following the transaction, the insider now owns 10,992 shares of the company’s stock, valued at $9,327,041.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $848.53, for a total value of $1,272,795.00. Following the sale, the insider now directly owns 10,992 shares in the company, valued at $9,327,041.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth D. Denman sold 350 shares of the business’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 approximately $5,041,057.60. The disclosure for this sale can be found here. Insiders sold a total of 3,350 shares of company stock worth $2,837,131 over the last 90 days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 1.0 %

COST stock traded up $8.64 during midday trading on Monday, hitting $863.57. 1,747,604 shares of the company’s stock were exchanged, compared to its average volume of 1,998,390. The firm has a 50 day moving average price of $844.97 and a 200-day moving average price of $776.95. Costco Wholesale Co. has a 12-month low of $530.56 and a 12-month high of $896.67. The stock has a market capitalization of $382.85 billion, a price-to-earnings ratio of 53.33, a price-to-earnings-growth ratio of 5.49 and a beta of 0.78. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping the consensus estimate of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. During the same period last year, the business earned $3.43 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts anticipate that Costco Wholesale Co. will post 15.97 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a yield of 0.54%. Costco Wholesale’s payout ratio is 28.75%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Deutsche Bank Aktiengesellschaft increased their target price on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a report on Thursday. 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. Roth Mkm reissued a “neutral” rating and issued a $676.00 target price (up previously from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. BMO Capital Markets raised their price target on shares of Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $824.50.

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.