Costco Wholesale Corporation $COST Shares Bought by Oarsman Capital Inc.

by · The Markets Daily

Oarsman Capital Inc. raised its holdings in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 1,350 shares of the retailer’s stock after acquiring an additional 37 shares during the period. Oarsman Capital Inc.’s holdings in Costco Wholesale were worth $1,277,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bosun Asset Management LLC increased its holdings in shares of Costco Wholesale by 1.6% during the 4th quarter. Bosun Asset Management LLC now owns 636 shares of the retailer’s stock worth $583,000 after buying an additional 10 shares during the last quarter. Corps Capital Advisors LLC increased its holdings in shares of Costco Wholesale by 0.7% during the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after buying an additional 10 shares during the last quarter. Covestor Ltd increased its holdings in shares of Costco Wholesale by 8.6% during the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after buying an additional 10 shares during the last quarter. Rooted Wealth Advisors Inc. increased its holdings in shares of Costco Wholesale by 2.6% during the 1st quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer’s stock worth $404,000 after buying an additional 11 shares during the last quarter. Finally, Bank & Trust Co increased its holdings in shares of Costco Wholesale by 20.4% during the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock worth $61,000 after buying an additional 11 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of COST stock opened at $949.52 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23. The company’s 50-day simple moving average is $967.76 and its 200-day simple moving average is $983.35. The stock has a market capitalization of $421.09 billion, a price-to-earnings ratio of 53.86, a PEG ratio of 5.85 and a beta of 0.96.

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

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.50%.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Patrick J. Callans sold 3,000 shares of the stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the transaction, the executive vice president owned 58,543 shares of the company’s stock, valued at approximately $58,705,164.11. This trade represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 547 shares of the firm’s stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the transaction, the director directly owned 11,531 shares in the company, valued at $11,300,380. This represents a 4.53% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,147 shares of company stock valued at $10,067,740. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on COST shares. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, August 4th. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research report on Thursday, May 29th. Truist Financial upped their price objective on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a research report on Friday, May 30th. JPMorgan Chase & Co. upped their price objective on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a research report on Thursday, August 7th. Finally, Erste Group Bank cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,050.00.

Check Out Our Latest Analysis on COST

About Costco Wholesale

(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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