Coppell Advisory Solutions LLC Sells 2,968 Shares of Costco Wholesale Corporation $COST

Coppell Advisory Solutions LLC trimmed its position in Costco Wholesale Corporation (NASDAQ:COST) by 46.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,486 shares of the retailer’s stock after selling 2,968 shares during the quarter. Coppell Advisory Solutions LLC’s holdings in Costco Wholesale were worth $3,434,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bulwark Capital Corp purchased a new position in shares of Costco Wholesale during the 2nd quarter valued at $25,000. Soundwatch Capital LLC increased its stake in 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 buying an additional 2,206 shares in the last quarter. LFA Lugano Financial Advisors SA bought a new stake in Costco Wholesale during the second quarter valued at about $31,000. Anderson Financial Strategies LLC lifted its position in shares of Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after acquiring an additional 36 shares in the last quarter. Finally, Financial Connections Group Inc. lifted its position in shares of Costco Wholesale by 975.0% in the second quarter. Financial Connections Group Inc. now owns 43 shares of the retailer’s stock valued at $42,000 after acquiring an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.0%

COST stock opened at $884.47 on Friday. The firm has a fifty day moving average price of $916.22 and a 200 day moving average price of $950.64. Costco Wholesale Corporation has a fifty-two week low of $867.12 and a fifty-two week high of $1,078.23. The firm has a market cap of $392.67 billion, a PE ratio of 47.37, a price-to-earnings-growth ratio of 6.00 and a beta of 1.00. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, December 11th. The retailer reported $4.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.27 by $0.07. Costco Wholesale had a net margin of 2.96% and a return on equity of 30.16%. The company had revenue of $67.31 billion for the quarter, compared to the consensus estimate of $67.03 billion. During the same quarter in the prior year, the firm earned $4.04 earnings per share. Costco Wholesale’s revenue was up 8.3% on a year-over-year basis. Sell-side analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 14th. Investors 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 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on COST. Gordon Haskett cut their target price on Costco Wholesale from $1,150.00 to $1,100.00 and set a “buy” rating for the company in a research report on Monday, December 1st. Roth Capital set a $907.00 price objective on shares of Costco Wholesale and gave the company a “neutral” rating in a research report on Friday, September 26th. Robert W. Baird lowered their target price on shares of Costco Wholesale from $1,125.00 to $1,000.00 and set an “outperform” rating on the stock in a report on Friday. Oppenheimer cut their target price on shares of Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating for the company in a research note on Monday, November 3rd. Finally, Hovde Group began coverage on shares of Costco Wholesale in a research note on Tuesday, November 18th. They issued a “market perform” rating and a $16.00 price target on the stock. Eighteen investment analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $998.70.

Insider Buying and Selling

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Tiffany Marie Barbre sold 1,239 shares of the company’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 value of $1,157,994.18. Following the sale, the insider owned 5,155 shares in the company, valued at approximately $4,817,966.10. This trade represents a 19.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 9,720 shares of company stock worth $9,010,257. Insiders own 0.18% of the company’s stock.

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.