Net Worth Advisory Group Buys New Stake in Costco Wholesale Co. (NASDAQ:COST)

Net Worth Advisory Group purchased a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,004 shares of the retailer’s stock, valued at approximately $890,000.

A number of other institutional investors have also modified their holdings of the stock. Perpetual Ltd increased its holdings in shares of Costco Wholesale by 24.7% during the 1st quarter. Perpetual Ltd now owns 888 shares of the retailer’s stock valued at $651,000 after purchasing an additional 176 shares in the last quarter. Allied Investment Advisors LLC acquired a new position in Costco Wholesale in the 1st quarter worth about $210,000. Meyer Handelman Co. boosted its position in Costco Wholesale by 328.3% during the first quarter. Meyer Handelman Co. now owns 1,713 shares of the retailer’s stock worth $1,255,000 after purchasing an additional 1,313 shares in the last quarter. Gulf International Bank UK Ltd grew its holdings in Costco Wholesale by 0.5% in the first quarter. Gulf International Bank UK Ltd now owns 37,398 shares of the retailer’s stock valued at $27,398,000 after purchasing an additional 203 shares during the period. Finally, Bennett Selby Investments LP grew its holdings in Costco Wholesale by 20.9% in the first quarter. Bennett Selby Investments LP now owns 815 shares of the retailer’s stock valued at $597,000 after purchasing an additional 141 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In other news, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction dated 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 sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 22,900 shares in the company, valued at approximately $20,015,745. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction on Monday, September 30th. The stock was 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 directly owns 8,630 shares in the company, valued at $7,671,983.70. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,224 shares of company stock worth $9,974,973 in the last 90 days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.5 %

Shares of NASDAQ COST opened at $889.56 on Friday. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83. The company has a market capitalization of $394.14 billion, a price-to-earnings ratio of 53.69, a price-to-earnings-growth ratio of 5.48 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The business has a 50-day moving average of $889.26 and a two-hundred day moving average of $832.21.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share 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 during the quarter, compared to analysts’ expectations of $79.91 billion. During the same period in the previous year, the company earned $4.86 earnings per share. Costco Wholesale’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts forecast that Costco Wholesale Co. will post 17.74 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. Costco Wholesale’s payout ratio is 28.00%.

Analyst Ratings Changes

COST has been the topic of a number of recent analyst reports. Robert W. Baird increased their target price on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Redburn Atlantic lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. The Goldman Sachs Group upped their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Stifel Nicolaus lifted their price objective on Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a report on Thursday, October 10th. Finally, Tigress Financial reissued a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday. 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 company presently has a consensus rating of “Moderate Buy” and an average target price of $890.07.

About Costco Wholesale

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.