Fonville Wealth Management LLC Has $376,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Fonville Wealth Management LLC raised its holdings in Costco Wholesale Co. (NASDAQ:COST) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 442 shares of the retailer’s stock after buying an additional 17 shares during the quarter. Fonville Wealth Management LLC’s holdings in Costco Wholesale were worth $376,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth approximately $26,000. Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale during the first quarter worth approximately $32,000. Vima LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth approximately $34,000. DSM Capital Partners LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth approximately $36,000. Finally, Financial Connections Group Inc. raised its position in shares of Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

COST traded up $5.75 during trading on Friday, reaching $892.38. 1,933,485 shares of the company were exchanged, compared to its average volume of 1,963,146. The company’s 50-day moving average is $854.20 and its two-hundred day moving average is $794.02. The company has a market cap of $395.62 billion, a price-to-earnings ratio of 55.29, 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 Co. has a 12-month low of $539.31 and a 12-month high of $918.93.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The business had revenue of $58.52 billion for the quarter, compared to analysts’ expectations of $58.16 billion. During the same quarter in the prior year, the firm posted $3.43 EPS. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. Research analysts forecast 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. Shareholders of record on Friday, July 26th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s payout ratio is currently 28.75%.

Insider Buying and Selling at Costco Wholesale

In related 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 transaction, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Kenneth D. Denman sold 350 shares of the firm’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 transaction, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,974 shares of company stock valued at $4,252,856 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on COST. Deutsche Bank Aktiengesellschaft upped their price target on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a report on Thursday, August 8th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Thursday. Barclays upped their price target on Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Finally, Loop Capital upped their price target on Costco Wholesale from $940.00 to $970.00 and gave the stock a “buy” rating in a report 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, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $824.50.

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.