Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Private Wealth Partners LLC

Private Wealth Partners LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,636 shares of the retailer’s stock after purchasing an additional 611 shares during the period. Costco Wholesale accounts for 2.5% of Private Wealth Partners LLC’s portfolio, making the stock its 11th largest position. Private Wealth Partners LLC’s holdings in Costco Wholesale were worth $31,592,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Resurgent Financial Advisors LLC lifted its stake in shares of Costco Wholesale by 1.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock valued at $1,004,000 after purchasing an additional 14 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in Costco Wholesale by 22.3% in the first quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock valued at $5,655,000 after buying an additional 1,408 shares during the period. BNP Paribas purchased a new stake in Costco Wholesale during the first quarter worth approximately $348,000. Mendel Money Management increased its position in shares of Costco Wholesale by 200.5% in the first quarter. Mendel Money Management now owns 997 shares of the retailer’s stock worth $730,000 after acquiring an additional 1,989 shares in the last quarter. Finally, Bryn Mawr Capital Management LLC raised its stake in shares of Costco Wholesale by 22.6% in the 1st quarter. Bryn Mawr Capital Management LLC now owns 7,799 shares of the retailer’s stock valued at $5,714,000 after acquiring an additional 1,438 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ COST opened at $877.31 on Friday. Costco Wholesale Co. has a 12 month low of $552.01 and a 12 month high of $923.83. The firm has a market capitalization of $388.71 billion, a PE ratio of 52.95, a P/E/G ratio of 5.38 and a beta of 0.80. The company’s 50 day simple moving average is $892.20 and its 200 day simple moving average is $844.92. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

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

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the sale, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at $20,015,745. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,636 shares of company stock valued at $11,238,510. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. The Goldman Sachs Group raised their price objective on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Redburn Atlantic lowered Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Oppenheimer increased their price objective on shares of Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Tigress Financial reissued a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday, October 17th. Finally, Robert W. Baird raised their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $905.30.

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.