TCG Advisory Services LLC Has $382,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

TCG Advisory Services LLC cut its stake in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 97.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 796 shares of the retailer’s stock after selling 27,265 shares during the quarter. TCG Advisory Services LLC’s holdings in Costco Wholesale were worth $382,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COST. Navellier & Associates Inc. increased its stake in shares of Costco Wholesale by 1,878.2% in the 2nd quarter. Navellier & Associates Inc. now owns 13,689 shares of the retailer’s stock valued at $6,561,000 after purchasing an additional 12,997 shares during the last quarter. Guardian Capital LP increased its stake in shares of Costco Wholesale by 5.2% in the 2nd quarter. Guardian Capital LP now owns 62,254 shares of the retailer’s stock valued at $29,837,000 after purchasing an additional 3,067 shares during the last quarter. Rafferty Asset Management LLC increased its stake in shares of Costco Wholesale by 17.6% in the 2nd quarter. Rafferty Asset Management LLC now owns 15,060 shares of the retailer’s stock valued at $7,218,000 after purchasing an additional 2,258 shares during the last quarter. Carmignac Gestion increased its stake in shares of Costco Wholesale by 18,651.2% in the 2nd quarter. Carmignac Gestion now owns 223,139 shares of the retailer’s stock valued at $106,943,000 after purchasing an additional 221,949 shares during the last quarter. Finally, Marsico Capital Management LLC bought a new position in shares of Costco Wholesale in the 2nd quarter valued at $65,990,000. 66.83% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Trading Up 0.5 %

Shares of NASDAQ:COST traded up $2.54 during midday trading on Thursday, reaching $534.49. The company’s stock had a trading volume of 1,288,249 shares, compared to its average volume of 1,994,013. The firm has a market capitalization of $236.57 billion, a price-to-earnings ratio of 40.68, a PEG ratio of 3.59 and a beta of 0.72. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.46 and a current ratio of 1.02. The firm has a 50 day moving average price of $491.23 and a two-hundred day moving average price of $497.58. Costco Wholesale Co. has a fifty-two week low of $406.51 and a fifty-two week high of $612.27.

Costco Wholesale (NASDAQ:COSTGet Rating) last announced its quarterly earnings data on Thursday, September 22nd. The retailer reported $4.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.17 by $0.03. The company had revenue of $72.09 billion for the quarter, compared to the consensus estimate of $72 billion. Costco Wholesale had a return on equity of 29.44% and a net margin of 2.58%. The firm’s revenue was up 17.3% compared to the same quarter last year. During the same period in the previous year, the business earned $3.90 EPS. As a group, analysts forecast that Costco Wholesale Co. will post 14.45 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 10th. Investors of record on Friday, October 28th were paid a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date was Thursday, October 27th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.40%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on COST shares. Loop Capital decreased their price target on Costco Wholesale from $610.00 to $585.00 in a research note on Thursday, September 1st. Deutsche Bank Aktiengesellschaft boosted their price objective on Costco Wholesale from $579.00 to $581.00 and gave the stock a “buy” rating in a research report on Wednesday, September 21st. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, November 18th. Truist Financial reduced their price objective on Costco Wholesale from $571.00 to $559.00 and set a “buy” rating on the stock in a research report on Friday, September 23rd. Finally, Morgan Stanley reduced their price objective on Costco Wholesale from $560.00 to $525.00 and set an “overweight” rating on the stock in a research report on Friday, September 23rd. Five analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $565.54.

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $483.58, for a total transaction of $483,580.00. Following the transaction, the executive vice president now directly owns 11,593 shares of the company’s stock, valued at approximately $5,606,142.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Russell D. Miller sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $483.58, for a total transaction of $483,580.00. Following the transaction, the executive vice president now directly owns 11,593 shares of the company’s stock, valued at approximately $5,606,142.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Claudine Adamo sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 26th. The stock was sold at an average price of $495.97, for a total value of $991,940.00. Following the transaction, the executive vice president now directly owns 5,685 shares in the company, valued at $2,819,589.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,500 shares of company stock valued at $3,134,235. 0.22% of the stock is owned by company insiders.

About Costco Wholesale

(Get Rating)

Costco Wholesale Corp. engages in the operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.

Further Reading

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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