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Unusual Put Option Trade in Costco Wholesale Worth $248.49K
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On May 3, 2023 at 10:13:46 ET an unusually large $248.49K block of Put contracts in Costco Wholesale (COST) was bought, with a strike price of $450.00 / share, expiring in 44 day(s) (on June 16, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 2.10 sigmas above the mean, placing it in the 100.00th percentile of all recent large trades made in COST options.
This trade was first picked up on Fintel’s real time Options Flow tool, where unusual option trades are highlighted.
What is the Fund Sentiment?
There are 4083 funds or institutions reporting positions in Costco Wholesale. This is an increase of 81 owner(s) or 2.02% in the last quarter. Average portfolio weight of all funds dedicated to COST is 0.73%, a decrease of 13.60%. Total shares owned by institutions increased in the last three months by 1.49% to 333,808K shares. The put/call ratio of COST is 1.22, indicating a bearish outlook.
Analyst Price Forecast Suggests 12.89% Upside
As of April 24, 2023, the average one-year price target for Costco Wholesale is $558.59. The forecasts range from a low of $469.65 to a high of $666.75. The average price target represents an increase of 12.89% from its latest reported closing price of $494.81.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Costco Wholesale is $249,005MM, an increase of 6.24%. The projected annual non-GAAP EPS is $14.82.
What are Other Shareholders Doing?
Tilia Fiduciary Partners holds 3K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 3K shares, representing an increase of 0.49%. The firm decreased its portfolio allocation in COST by 99.91% over the last quarter.
Dundas Partners LLP holds 63K shares representing 0.01% ownership of the company. No change in the last quarter.
USGRX – Growth & Income Fund Shares holds 30K shares representing 0.01% ownership of the company. In it’s prior filing, the firm reported owning 20K shares, representing an increase of 33.78%. The firm increased its portfolio allocation in COST by 50.26% over the last quarter.
Capital Group Investment Management Pte. holds 10K shares representing 0.00% ownership of the company.
Spectrum Asset Management, Inc. (NB holds 2K shares representing 0.00% ownership of the company. In it’s prior filing, the firm reported owning 2K shares, representing an increase of 4.04%. The firm increased its portfolio allocation in COST by 115,367.58% over the last quarter.
Costco Wholesale Declares $1.02 Dividend
On April 19, 2023 the company declared a regular quarterly dividend of $1.02 per share ($4.08 annualized). Shareholders of record as of May 5, 2023 will receive the payment on May 19, 2023. Previously, the company paid $0.90 per share.
At the current share price of $494.81 / share, the stock’s dividend yield is 0.82%. Looking back five years and taking a sample every week, the average dividend yield has been 0.83%, the lowest has been 0.54%, and the highest has been 1.20%. The standard deviation of yields is 0.15 (n=236).
The current dividend yield is 0.07 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is 0.30. The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company’s income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.46%, demonstrating that it has increased its dividend over time.
Costco Wholesale Background Information
(This description is provided by the company.)
Costco Wholesale Corporation is an American multinational corporation which operates a chain of membership-only big-box retail stores. The company offers sundries, dry groceries, candies, coolers, freezers, liquor, and tobacco and deli products; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products.
See all Costco Wholesale regulatory filings.
This article originally appeared on Fintel
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