Fiduciary Alliance LLC Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Fiduciary Alliance LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,202 shares of the retailer’s stock after buying an additional 710 shares during the quarter. Fiduciary Alliance LLC’s holdings in Costco Wholesale were worth $7,515,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC purchased a new position in Costco Wholesale during the third quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale during the third quarter worth about $58,000. Fairway Wealth LLC grew its position in Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after buying an additional 46 shares in the last quarter. Christopher J. Hasenberg Inc grew its position in Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after buying an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC purchased a new position in Costco Wholesale during the third quarter worth about $71,000. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on COST shares. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. TD Cowen upped their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Wells Fargo & Company upped their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Melius Research initiated coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Price Performance

COST traded down $11.71 during trading on Monday, reaching $925.23. 301,063 shares of the company traded hands, compared to its average volume of 1,712,942. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The firm has a fifty day simple moving average of $947.92 and a 200 day simple moving average of $899.20. The company has a market cap of $410.71 billion, a P/E ratio of 54.33, a PEG ratio of 6.02 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.25%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the transaction, the executive vice president now directly owns 10,210 shares in the company, valued at approximately $9,155,409.10. This represents a 16.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

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.