Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Accurate Wealth Management LLC

Accurate Wealth Management LLC increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 7.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,081 shares of the retailer’s stock after acquiring an additional 79 shares during the period. Accurate Wealth Management LLC’s holdings in Costco Wholesale were worth $967,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. Redmont Wealth Advisors LLC purchased a new stake in Costco Wholesale in the 1st quarter valued at about $32,000. Financial Connections Group Inc. increased its position in shares of Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after acquiring an additional 39 shares during the last quarter. Bank & Trust Co purchased a new stake in shares of Costco Wholesale in the 2nd quarter valued at approximately $48,000. Ruedi Wealth Management Inc. lifted its holdings 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 worth $50,000 after acquiring an additional 25 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of several research analyst reports. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective on the stock in a report on Thursday, August 8th. Melius Research initiated coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 price target on the stock. DA Davidson reissued a “neutral” rating and issued a $880.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 10th. Wells Fargo & Company upped their target price on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Finally, Tigress Financial reissued a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $890.07.

Insiders Place Their Bets

In other news, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Pierre Riel sold 2,000 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 10,210 shares in the company, valued at $9,155,409.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was 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 in the company, valued at approximately $20,560,344. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 11,224 shares of company stock worth $9,974,973. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.5 %

NASDAQ COST opened at $889.56 on Friday. The firm’s fifty day moving average is $889.26 and its two-hundred day moving average is $832.21. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83. 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 has a market cap of $394.14 billion, a PE ratio of 53.69, a P/E/G ratio of 5.48 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data 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. The firm had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. Costco Wholesale’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm posted $4.86 EPS. Analysts expect that Costco Wholesale Co. will post 17.74 earnings per share for the current year.

Costco Wholesale Dividend Announcement

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

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.