FRG Family Wealth Advisors LLC Sells 284 Shares of Costco Wholesale Corporation $COST

by · The Cerbat Gem

FRG Family Wealth Advisors LLC trimmed its position in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 2.0% during the 1st quarter, HoldingsChannel reports. The firm owned 13,890 shares of the retailer’s stock after selling 284 shares during the quarter. Costco Wholesale accounts for about 2.5% of FRG Family Wealth Advisors LLC’s investment portfolio, making the stock its 11th largest holding. FRG Family Wealth Advisors LLC’s holdings in Costco Wholesale were worth $13,137,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Bosun Asset Management LLC increased its stake in Costco Wholesale by 1.6% in the 4th quarter. Bosun Asset Management LLC now owns 636 shares of the retailer’s stock worth $583,000 after acquiring an additional 10 shares during the last quarter. Corps Capital Advisors LLC boosted its stake in shares of Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after purchasing an additional 10 shares during the period. Covestor Ltd grew its stake in Costco Wholesale by 8.6% in the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after acquiring an additional 10 shares in the last quarter. Rooted Wealth Advisors Inc. grew its stake in Costco Wholesale by 2.6% in the first quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer’s stock worth $404,000 after purchasing an additional 11 shares in the last quarter. Finally, Bank & Trust Co increased its stake in shares of Costco Wholesale by 20.4% during the first quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock valued at $61,000 after buying an additional 11 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the sale, the executive vice president owned 8,210 shares of the company’s stock, valued at $8,326,171.50. The trade was a 19.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares of the company’s stock, valued at $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 10,147 shares of company stock valued at $10,067,740. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on COST shares. Wall Street Zen raised Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Loop Capital decreased their price target on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a report on Thursday, May 29th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Wednesday. JPMorgan Chase & Co. lifted their price target on Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Finally, Morgan Stanley increased their price objective on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $1,050.00.

Read Our Latest Report on COST

Costco Wholesale Stock Down 0.2%

Costco Wholesale stock opened at $943.32 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The stock has a market capitalization of $418.34 billion, a PE ratio of 53.51, a price-to-earnings-growth ratio of 5.87 and a beta of 0.96. The business has a 50 day simple moving average of $966.42 and a 200-day simple moving average of $981.75. Costco Wholesale Corporation has a 12 month low of $867.16 and a 12 month high of $1,078.23.

Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping analysts’ consensus estimates of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The company had revenue of $63.21 billion during the quarter, compared to analysts’ expectations of $62.93 billion. During the same period in the prior year, the business posted $3.78 earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis. On average, analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s dividend payout ratio (DPR) is 29.50%.

Costco Wholesale Company Profile

(Free Report)

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.

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