Bbjs Financial Advisors LLC Has $202,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Bbjs Financial Advisors LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1,883.3% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 238 shares of the retailer’s stock after acquiring an additional 226 shares during the quarter. Bbjs Financial Advisors LLC’s holdings in Costco Wholesale were worth $202,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Oak Asset Management LLC lifted its position in shares of Costco Wholesale by 0.3% during the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after buying an additional 12 shares during the last quarter. Bedel Financial Consulting Inc. boosted its stake in Costco Wholesale by 1.3% in the first quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock valued at $729,000 after acquiring an additional 13 shares in the last quarter. Boltwood Capital Management grew its holdings in Costco Wholesale by 1.7% in the second quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock worth $671,000 after purchasing an additional 13 shares during the last quarter. LifePro Asset Management increased its position in shares of Costco Wholesale by 3.8% during the second quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock worth $304,000 after purchasing an additional 13 shares in the last quarter. Finally, Southland Equity Partners LLC grew its stake in Costco Wholesale by 2.3% during the 2nd quarter. Southland Equity Partners LLC now owns 574 shares of the retailer’s stock worth $488,000 after buying an additional 13 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Up 0.1 %

Shares of NASDAQ:COST traded up $1.25 during trading on Tuesday, hitting $864.82. 1,464,618 shares of the company were exchanged, compared to its average volume of 1,995,136. The firm’s 50 day moving average price is $845.93 and its 200-day moving average price is $778.24. Costco Wholesale Co. has a 12-month low of $530.56 and a 12-month high of $896.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The stock has a market capitalization of $383.40 billion, a P/E ratio of 53.32, a PEG ratio of 5.49 and a beta of 0.78.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, May 30th. The retailer reported $3.78 EPS for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. The business had revenue of $58.52 billion for the quarter, compared to analysts’ expectations of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $3.43 earnings per share. On average, research analysts predict that Costco Wholesale Co. will post 15.97 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 9th. Investors of record on Friday, July 26th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Analysts Set New Price Targets

Several analysts have weighed in on COST shares. 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. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Sunday, June 2nd. Truist Financial upped their price objective on shares of Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a report on Friday, May 31st. Barclays raised their target price on shares of Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Finally, Citigroup upped their price target on shares of Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $824.50.

Insider Activity at Costco Wholesale

In other news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. Insiders have sold 3,350 shares of company stock worth $2,837,131 in the last quarter. Company insiders own 0.18% of the company’s stock.

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.