Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Addison Advisors LLC

Addison Advisors LLC increased its position in Costco Wholesale Co. (NASDAQ:COST) by 113.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 333 shares of the retailer’s stock after purchasing an additional 177 shares during the period. Addison Advisors LLC’s holdings in Costco Wholesale were worth $295,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. Resurgent Financial Advisors LLC lifted its holdings in shares of Costco Wholesale by 1.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock worth $1,004,000 after purchasing an additional 14 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Costco Wholesale by 22.3% during the first quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock valued at $5,655,000 after acquiring an additional 1,408 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of Costco Wholesale by 82.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 288,774 shares of the retailer’s stock worth $211,565,000 after acquiring an additional 130,737 shares during the last quarter. New Insight Wealth Advisors acquired a new stake in shares of Costco Wholesale in the 1st quarter worth about $203,000. Finally, Hudson Value Partners LLC lifted its position in Costco Wholesale by 0.4% in the 1st quarter. Hudson Value Partners LLC now owns 7,509 shares of the retailer’s stock valued at $5,501,000 after purchasing an additional 29 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction on 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 sale, the executive vice president now owns 10,210 shares in the company, valued at approximately $9,155,409.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,136 shares of company stock valued at $10,806,570 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Down 1.2 %

Costco Wholesale stock opened at $932.88 on Tuesday. The company has a market capitalization of $413.33 billion, a P/E ratio of 56.30, a P/E/G ratio of 5.81 and a beta of 0.80. Costco Wholesale Co. has a 1-year low of $572.24 and a 1-year high of $962.00. The firm’s fifty day simple moving average is $893.49 and its 200-day simple moving average is $852.53. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

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, topping analysts’ consensus estimates of $5.05 by $0.10. The company had revenue of $79.70 billion during 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%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.86 earnings per share. Sell-side analysts forecast that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business 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 dividend of $1.16 per share. The ex-dividend date is Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.50%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on COST. TD Cowen lifted their price target on Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a report on Monday, September 30th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Monday, November 4th. Barclays boosted their target price on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Morgan Stanley upped their target price on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $905.30.

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.