McAdam LLC Acquires 82 Shares of Costco Wholesale Co. (NASDAQ:COST)

McAdam LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 14.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 640 shares of the retailer’s stock after acquiring an additional 82 shares during the period. McAdam LLC’s holdings in Costco Wholesale were worth $544,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Argent Capital Management LLC raised its position in Costco Wholesale by 0.6% in the 2nd quarter. Argent Capital Management LLC now owns 3,145 shares of the retailer’s stock valued at $2,673,000 after buying an additional 20 shares during the last quarter. LRI Investments LLC lifted its position in shares of Costco Wholesale by 132.1% during the second quarter. LRI Investments LLC now owns 687 shares of the retailer’s stock valued at $584,000 after purchasing an additional 391 shares in the last quarter. EdgeRock Capital LLC boosted its holdings in Costco Wholesale by 11.9% during the second quarter. EdgeRock Capital LLC now owns 695 shares of the retailer’s stock worth $591,000 after purchasing an additional 74 shares during the last quarter. EWA LLC grew its position in Costco Wholesale by 1.0% in the 2nd quarter. EWA LLC now owns 1,431 shares of the retailer’s stock worth $1,220,000 after purchasing an additional 14 shares in the last quarter. Finally, TrueWealth Advisors LLC purchased a new stake in Costco Wholesale in the 2nd quarter valued at about $288,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.2 %

Shares of NASDAQ COST opened at $879.21 on Friday. The business has a 50-day simple moving average of $851.23 and a two-hundred day simple moving average of $788.53. Costco Wholesale Co. has a 52 week low of $530.56 and a 52 week high of $896.67. The company has a market cap of $389.78 billion, a P/E ratio of 54.47, a P/E/G ratio of 5.84 and a beta of 0.78. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 EPS for the quarter, beating 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 company had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. During the same period last year, the business earned $3.43 earnings per share. Costco Wholesale’s revenue was up 9.1% compared to the same quarter last year. Research analysts anticipate that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.53%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on COST. Bank of America upped their target price on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Tigress Financial upped their price objective on Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. TD Cowen lifted their target price on Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Evercore ISI reduced their price target 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. Finally, Wells Fargo & Company raised their price objective on shares of Costco Wholesale from $775.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $824.50.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on 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 of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, 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 transaction of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,970 shares of company stock valued at $4,249,526. 0.18% of the stock is owned by corporate insiders.

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.