Oldfather Financial Services LLC Acquires Shares of 226 Costco Wholesale Co. (NASDAQ:COST)

Oldfather Financial Services LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the third quarter, Holdings Channel.com reports. The fund bought 226 shares of the retailer’s stock, valued at approximately $200,000.

Several other institutional investors and hedge funds have also made changes to their positions in COST. Catalyst Financial Partners LLC grew its position in Costco Wholesale by 4.2% during the 3rd quarter. Catalyst Financial Partners LLC now owns 2,091 shares of the retailer’s stock worth $1,854,000 after purchasing an additional 85 shares during the last quarter. Tevis Investment Management boosted its stake in shares of Costco Wholesale by 3.8% during the third quarter. Tevis Investment Management now owns 1,292 shares of the retailer’s stock worth $1,145,000 after buying an additional 47 shares during the period. E Fund Management Hong Kong Co. Ltd. grew its holdings in shares of Costco Wholesale by 1,483.3% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 95 shares of the retailer’s stock worth $84,000 after buying an additional 89 shares during the last quarter. Goldstone Financial Group LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at about $483,000. Finally, Voisard Asset Management Group Inc. raised its stake in Costco Wholesale by 7.6% during the 3rd quarter. Voisard Asset Management Group Inc. now owns 183 shares of the retailer’s stock valued at $162,000 after acquiring an additional 13 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

COST has been the topic of several analyst reports. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Bank of America lifted their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Loop Capital upped their price objective on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $894.57.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the sale, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at $20,560,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the sale, the executive vice president now directly owns 23,800 shares in the company, valued at approximately $20,560,344. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,636 shares of company stock valued at $11,238,510. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Down 0.6 %

Shares of NASDAQ COST opened at $874.18 on Friday. 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 firm’s 50-day moving average is $892.24 and its two-hundred day moving average is $842.92. Costco Wholesale Co. has a 12-month low of $549.06 and a 12-month high of $923.83. The company has a market capitalization of $387.32 billion, a PE ratio of 52.76, a price-to-earnings-growth ratio of 5.41 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last announced its 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. The firm 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%. Costco Wholesale’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.86 EPS. Equities analysts anticipate that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio is presently 28.00%.

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.