Atomi Financial Group Inc. Boosts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Atomi Financial Group Inc. lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 26.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,403 shares of the retailer’s stock after buying an additional 2,187 shares during the period. Atomi Financial Group Inc.’s holdings in Costco Wholesale were worth $8,843,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of COST. Main Street Financial Solutions LLC lifted its position in Costco Wholesale by 4.7% in the fourth quarter. Main Street Financial Solutions LLC now owns 1,763 shares of the retailer’s stock valued at $1,164,000 after purchasing an additional 79 shares during the last quarter. Metis Global Partners LLC boosted its position in Costco Wholesale by 15.6% during the 4th quarter. Metis Global Partners LLC now owns 21,514 shares of the retailer’s stock valued at $14,201,000 after buying an additional 2,909 shares during the period. Zhang Financial LLC grew its holdings in Costco Wholesale by 3.8% in the 1st quarter. Zhang Financial LLC now owns 1,010 shares of the retailer’s stock worth $740,000 after acquiring an additional 37 shares during the last quarter. Strong Tower Advisory Services increased its position in shares of Costco Wholesale by 7.9% in the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after acquiring an additional 137 shares during the period. Finally, Cary Street Partners Investment Advisory LLC raised its stake in shares of Costco Wholesale by 6.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 27,902 shares of the retailer’s stock valued at $18,418,000 after acquiring an additional 1,627 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST stock traded up $16.39 during midday trading on Tuesday, reaching $908.90. 2,085,545 shares of the company’s stock traded hands, compared to its average volume of 1,966,580. 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 52-week low of $533.12 and a 52-week high of $918.93. The stock has a market cap of $402.95 billion, a P/E ratio of 56.31, a PEG ratio of 5.84 and a beta of 0.78. The stock’s 50-day moving average is $851.73 and its 200 day moving average is $790.20.

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

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Insider Buying and Selling

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were 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 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 is available through the SEC website. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the firm’s 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 sale, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,970 shares of company stock valued at $4,249,526. 0.18% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

COST has been the topic of several recent analyst reports. Truist Financial raised their target price on Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Wells Fargo & Company boosted their target price on Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. TD Cowen raised their price target on Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Bank of America boosted their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Finally, Evercore ISI dropped their target price on shares of Costco Wholesale from $920.00 to $915.00 and set an “outperform” rating for the company in a research report on Wednesday, August 7th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.