SBI Securities Co. Ltd. Has $5.89 Million Holdings in Costco Wholesale Corporation $COST

SBI Securities Co. Ltd. decreased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 5.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,946 shares of the retailer’s stock after selling 331 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Costco Wholesale were worth $5,886,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of COST. Peterson Wealth Services increased its stake in Costco Wholesale by 0.5% in the second quarter. Peterson Wealth Services now owns 13,616 shares of the retailer’s stock valued at $13,479,000 after purchasing an additional 72 shares in the last quarter. Fishman Jay A Ltd. MI grew its stake in shares of Costco Wholesale by 3.5% in the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after acquiring an additional 575 shares in the last quarter. Independent Solutions Wealth Management LLC boosted its stake in shares of Costco Wholesale by 0.3% in the 2nd quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock worth $20,430,000 after buying an additional 53 shares during the last quarter. Laffer Tengler Investments Inc. grew its stake in Costco Wholesale by 22.7% in the 2nd quarter. Laffer Tengler Investments Inc. now owns 5,903 shares of the retailer’s stock valued at $5,844,000 after purchasing an additional 1,092 shares during the period. Finally, Graybill Wealth Management LTD. bought a new stake in shares of Costco Wholesale during the 1st quarter worth $3,095,000. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Tiffany Marie Barbre sold 1,239 shares of the stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the completion of the sale, the insider directly owned 5,155 shares in the company, valued at $4,817,966.10. This represents a 19.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Claudine Adamo sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was 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. The trade was a 28.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 7,920 shares of company stock worth $7,373,175. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.2%

Shares of COST opened at $913.86 on Wednesday. Costco Wholesale Corporation has a fifty-two week low of $871.71 and a fifty-two week high of $1,078.23. The firm has a market cap of $405.00 billion, a price-to-earnings ratio of 50.18, a PEG ratio of 5.54 and a beta of 0.98. The firm has a 50 day moving average price of $937.07 and a 200-day moving average price of $967.78. 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 issued its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The company had revenue of $86.16 billion for the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm’s revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the company earned $5.15 EPS. As a group, equities research analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a $1.30 dividend. The ex-dividend date is Friday, October 31st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is currently 28.56%.

Analysts Set New Price Targets

Several analysts have commented on COST shares. The Goldman Sachs Group lifted their price objective on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Morgan Stanley lowered their price objective on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Mizuho dropped their price target on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Costco Wholesale in a report on Wednesday, October 8th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,063.88.

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.