Blake Schutter Theil Wealth Advisors LLC Acquires Shares of 1,465 Costco Wholesale Co. (NASDAQ:COST)

Blake Schutter Theil Wealth Advisors LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,465 shares of the retailer’s stock, valued at approximately $1,299,000. Costco Wholesale accounts for approximately 0.9% of Blake Schutter Theil Wealth Advisors LLC’s portfolio, making the stock its 21st biggest holding.

Other institutional investors have also made changes to their positions in the company. Financial Connections Group Inc. increased its stake 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 worth $39,000 after purchasing an additional 39 shares during the period. Bank & Trust Co acquired a new position in Costco Wholesale in the 2nd quarter valued at $48,000. Ruedi Wealth Management Inc. increased its position in Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after buying an additional 25 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Costco Wholesale during the second quarter worth $50,000. Finally, Fairway Wealth LLC grew its stake in shares of Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after acquiring an additional 46 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Trading Up 1.0 %

NASDAQ COST opened at $899.25 on Thursday. Costco Wholesale Co. has a 12 month low of $562.01 and a 12 month high of $923.83. 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 has a market capitalization of $398.43 billion, a PE ratio of 54.27, a price-to-earnings-growth ratio of 5.45 and a beta of 0.80. The business’s 50-day moving average price is $891.92 and its two-hundred day moving average price is $848.69.

Costco Wholesale (NASDAQ:COST) last released its 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. The business had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.86 EPS. On average, analysts expect that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Dividend Announcement

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 given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.00%.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the sale, the executive vice president now owns 22,900 shares in the company, valued at $20,015,745. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the sale, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. This trade 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 this hyperlink. Also, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now owns 11,775 shares in the company, valued at $10,320,787.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,636 shares of company stock valued at $11,238,510. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the subject of a number of recent research reports. Melius Research initiated coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective for the company. Redburn Atlantic downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and increased their price target for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Morgan Stanley lifted their price objective on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Telsey Advisory Group reissued an “outperform” rating and set a $1,000.00 target price on shares of Costco Wholesale in a report on Monday. Finally, Roth Mkm boosted their price target on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $905.30.

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.