TFB Advisors LLC Has $893,000 Position in Costco Wholesale Co. (NASDAQ:COST)

TFB Advisors LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 19.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,051 shares of the retailer’s stock after buying an additional 173 shares during the quarter. TFB Advisors LLC’s holdings in Costco Wholesale were worth $893,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Costco Wholesale by 1.2% during the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after buying an additional 473,702 shares in the last quarter. Norges Bank acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $3,628,694,000. Capital World Investors increased its position in shares of Costco Wholesale by 8.1% during the first quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock valued at $2,802,147,000 after purchasing an additional 285,533 shares during the period. Fisher Asset Management LLC raised its stake in shares of Costco Wholesale by 3.2% in the fourth quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer’s stock valued at $1,844,581,000 after purchasing an additional 85,398 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in Costco Wholesale by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,657,994 shares of the retailer’s stock worth $1,754,489,000 after purchasing an additional 77,345 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,974 shares of company stock worth $4,252,856. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $892.38 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 1-year low of $539.31 and a 1-year high of $918.93. The stock has a market capitalization of $395.62 billion, a P/E ratio of 55.29, a P/E/G ratio of 5.84 and a beta of 0.78. The business has a 50-day moving average price of $853.32 and a two-hundred day moving average price of $792.84.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The business had revenue of $58.52 billion during the quarter, compared to the consensus estimate of $58.16 billion. During the same period in the previous year, the firm posted $3.43 earnings per share. Costco Wholesale’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts predict that Costco Wholesale Co. will post 15.98 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Tigress Financial increased their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Robert W. Baird raised their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Argus lifted their price objective on Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Citigroup increased their target price on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Finally, Loop Capital boosted their price target on Costco Wholesale from $940.00 to $970.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Eight analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $824.50.

Costco Wholesale 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.