IFG Advisors LLC Has $964,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

IFG Advisors LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 6.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,087 shares of the retailer’s stock after purchasing an additional 67 shares during the period. IFG Advisors LLC’s holdings in Costco Wholesale were worth $964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in COST. Wulff Hansen & CO. grew its holdings in shares of Costco Wholesale by 99,208.6% during the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock worth $1,253,508,000 after purchasing an additional 1,473,248 shares during the last quarter. Global Assets Advisory LLC bought a new stake in Costco Wholesale during the 1st quarter worth approximately $510,353,000. Assenagon Asset Management S.A. increased its position in Costco Wholesale by 287.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock valued at $710,802,000 after acquiring an additional 620,341 shares during the period. Strategic Financial Concepts LLC raised its stake in shares of Costco Wholesale by 51,747.5% during the second quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock valued at $5,266,000 after acquiring an additional 618,383 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Costco Wholesale by 1.2% during the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after purchasing an additional 473,702 shares during the period. 68.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

COST has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their price objective on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a report on Thursday, August 8th. BMO Capital Markets restated an “outperform” rating and set a $980.00 price objective (up from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Barclays upped their target price on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Oppenheimer raised their price target on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Finally, Loop Capital boosted their price target 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. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $890.07.

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the transaction, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Tuesday, August 13th. The shares were 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 owns 23,800 shares in the company, valued at approximately $20,560,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,224 shares of company stock worth $9,974,973. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Up 0.5 %

Costco Wholesale stock opened at $889.56 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average price is $889.26 and its two-hundred day moving average price is $832.21. The firm 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. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83.

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 the consensus estimate of $5.05 by $0.10. The business had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $4.86 EPS. On average, equities research analysts predict that Costco Wholesale Co. will post 17.74 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is currently 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.