Costco Wholesale Co. (NASDAQ:COST) Holdings Lifted by FWG Holdings LLC

FWG Holdings LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 408 shares of the retailer’s stock after buying an additional 39 shares during the period. FWG Holdings LLC’s holdings in Costco Wholesale were worth $363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of COST. Financial Connections Group Inc. lifted its position in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after buying an additional 39 shares in the last quarter. Bank & Trust Co bought a new position in shares of Costco Wholesale during the 2nd quarter valued at $48,000. Ruedi Wealth Management Inc. lifted its stake in shares of Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after purchasing an additional 25 shares during the last quarter. Summit Securities Group LLC bought a new position in Costco Wholesale during the second quarter valued at about $50,000. Finally, Fairway Wealth LLC increased its holdings in shares of Costco Wholesale by 230.0% during the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after acquiring an additional 46 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 1.4 %

COST opened at $919.51 on Tuesday. The firm has a market cap of $407.41 billion, a price-to-earnings ratio of 55.49, a PEG ratio of 5.60 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm’s 50-day simple moving average is $898.08 and its 200-day simple moving average is $860.94. Costco Wholesale Co. has a twelve month low of $577.34 and a twelve month high of $962.00.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same period in the previous year, the business earned $4.86 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. Equities research analysts anticipate that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s payout ratio is presently 28.00%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Barclays upped their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Stifel Nicolaus boosted their price objective on Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and increased their price objective for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price on the stock. in a research report on Tuesday, September 24th. Finally, Morgan Stanley upped their target price on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $908.81.

Insider Activity

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. This represents a 27.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the transaction, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. This represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,016 shares of company stock worth $9,826,115. 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.