2 weeks Ago By Defense World Staff
B. Riley Wealth Advisors Inc. cut its position in Costco Wholesale Co.
( NASDAQ:COST – Free Report ) by 5.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,223 shares of the retailer’s stock after selling 1,632 shares during the period.
Costco Wholesale accounts for about 0.6% of B. Riley Wealth Advisors Inc.
’s investment portfolio, making the stock its 23rd biggest position. B. Riley Wealth Advisors Inc.
’s holdings in Costco Wholesale were worth $23,140,000 at the end of the most recent reporting period. Several other large investors have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC bought a new stake in Costco Wholesale during the 4th quarter worth approximately $26,000.
Redmont Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the first quarter worth $32,000. Vima LLC bought a new stake in shares of Costco Wholesale during the fourth quarter worth $34,000. Financial Connections Group Inc.
increased its stake in shares of Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc.
now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares in the last quarter. Finally, Bank & Trust Co bought a new position in shares of Costco Wholesale in the second quarter valued at about $48,000. 68.
48% of the stock is owned by institutional investors. Insiders Place Their Bets In related news, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction 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 sale, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink .
In other news, insider Daniel M. Hines sold 1,500 shares of the firm’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . Also, Director Kenneth D.
Denman sold 350 shares of the business’s stock in a transaction 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 directly owns 5,920 shares in the company, valued at approximately $5,041,057.60.
The disclosure for this sale can be found here . In the last three months, insiders have sold 4,974 shares of company stock worth $4,252,856. Company insiders own 0.
18% of the company’s stock. Costco Wholesale Price Performance Costco Wholesale ( NASDAQ:COST – Get Free Report ) last posted its earnings results on Thursday, September 26th. The retailer reported $5.
15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10.
The firm had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion.
Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%.
The company’s revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.
86 earnings per share. On average, equities research analysts forecast that Costco Wholesale Co. will post 16.
02 earnings per share for the current year. Costco Wholesale Announces Dividend The firm also recently announced 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 yield of 0.52%. Costco Wholesale’s payout ratio is 28.
75%. Analyst Upgrades and Downgrades A number of brokerages have commented on COST. BMO Capital Markets reissued an “outperform” rating and set a $980.
00 price objective (up previously from $950.00) on shares of Costco Wholesale in a report on Friday. Evercore ISI increased their price target on shares of Costco Wholesale from $915.
00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.
00 price objective for the company in a research report on Thursday, August 8th. Robert W. Baird upped their price objective on Costco Wholesale from $850.
00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Finally, Oppenheimer lifted their target price on Costco Wholesale from $925.
00 to $955.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company.
According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $881.19. Check Out Our Latest Report on COST About Costco Wholesale ( Free Report ) 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. Read More Five stocks we like better than Costco Wholesale Uptrend Stocks Explained: Learn How to Trade Using Uptrends Top 5 ETFs to Own Now and Into 2025 Earnings Per Share Calculator: How to Calculate EPS Watch These 3 Former Short-Squeeze Stocks for a Big Rally What is Short Interest? How to Use It Simon Property REIT: A Safe Bet for Growth and Steady Dividends Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter .
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