Brentview Investment Management LLC Trims Holdings in Costco Wholesale Corporation $COST

Brentview Investment Management LLC decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,069 shares of the retailer’s stock after selling 85 shares during the period. Costco Wholesale accounts for about 2.5% of Brentview Investment Management LLC’s holdings, making the stock its 13th largest holding. Brentview Investment Management LLC’s holdings in Costco Wholesale were worth $5,018,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Bulwark Capital Corp bought a new stake in Costco Wholesale in the second quarter valued at $25,000. Soundwatch Capital LLC lifted its position in shares of Costco Wholesale by 635.7% in the 2nd quarter. Soundwatch Capital LLC now owns 2,553 shares of the retailer’s stock worth $25,000 after purchasing an additional 2,206 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in shares of Costco Wholesale during the 2nd quarter valued at about $31,000. Anderson Financial Strategies LLC boosted its stake in shares of Costco Wholesale by 900.0% during the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after purchasing an additional 36 shares in the last quarter. Finally, Financial Connections Group Inc. increased its position in shares of Costco Wholesale by 975.0% during the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after buying an additional 39 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Claudine Adamo sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $935.68, for a total value of $2,526,336.00. Following the transaction, the executive vice president owned 6,851 shares in the company, valued at approximately $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Tiffany Marie Barbre sold 1,239 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the sale, the insider directly owned 5,155 shares of the company’s stock, valued at $4,817,966.10. This trade represents a 19.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 9,720 shares of company stock valued at $9,010,257 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Trading Up 0.5%

Costco Wholesale stock opened at $912.90 on Monday. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $922.57 and its two-hundred day simple moving average is $958.88. Costco Wholesale Corporation has a 12 month low of $871.71 and a 12 month high of $1,078.23. The company has a market capitalization of $404.58 billion, a price-to-earnings ratio of 50.13, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating the consensus estimate of $5.81 by $0.06. The firm had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the company earned $5.15 earnings per share. As a group, equities analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 14th. Shareholders of record on Friday, October 31st were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, October 31st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s payout ratio is 28.56%.

Analysts Set New Price Targets

Several brokerages have commented on COST. DA Davidson restated a “neutral” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a report on Friday, September 26th. Truist Financial lowered their target price on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research note on Friday, September 26th. Sanford C. Bernstein reduced their price target on Costco Wholesale from $1,140.00 to $1,134.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. Morgan Stanley decreased their price objective on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Finally, Citigroup dropped their target price on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Eighteen research analysts have rated the stock with a Buy rating and thirteen have assigned a Hold rating to the stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,025.07.

About Costco Wholesale

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.