Wealth Advisory Solutions LLC Has $355,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Wealth Advisory Solutions LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 12.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 400 shares of the retailer’s stock after purchasing an additional 45 shares during the period. Wealth Advisory Solutions LLC’s holdings in Costco Wholesale were worth $355,000 as of its most recent filing with the SEC.

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

Costco Wholesale Trading Down 0.7 %

Shares of COST stock traded down $5.86 during trading hours on Monday, hitting $883.70. 263,336 shares of the company were exchanged, compared to its average volume of 1,936,877. The company has a 50 day simple moving average of $889.26 and a two-hundred day simple moving average of $833.95. The firm has a market cap of $391.78 billion, a P/E ratio of 54.83, a P/E/G ratio of 5.48 and a beta of 0.80. 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 fifty-two week low of $540.23 and a fifty-two week high of $923.83.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping 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 business had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same period last year, the company posted $4.86 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. Equities analysts anticipate that Costco Wholesale Co. will post 17.74 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently declared 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. The ex-dividend date is Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.53%. Costco Wholesale’s payout ratio is currently 28.75%.

Analyst Ratings Changes

COST has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. The Goldman Sachs Group boosted their price target on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 10th. Wells Fargo & Company lifted their target price on Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Finally, StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $890.07.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 500 shares of the company’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 directly owns 22,900 shares of the company’s stock, valued at $20,015,745. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the company’s 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 sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale 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 directly owns 22,900 shares in the company, valued at approximately $20,015,745. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,224 shares of company stock valued at $9,974,973. Company insiders own 0.18% of the company’s stock.

Costco Wholesale 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.