Stonebrook Private Inc. Has $1.24 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Stonebrook Private Inc. increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,396 shares of the retailer’s stock after buying an additional 26 shares during the period. Stonebrook Private Inc.’s holdings in Costco Wholesale were worth $1,238,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Nwam LLC acquired a new position in Costco Wholesale during the 3rd quarter worth about $20,056,000. Meridian Wealth Management LLC raised its position in shares of Costco Wholesale by 11.0% during the third quarter. Meridian Wealth Management LLC now owns 18,889 shares of the retailer’s stock worth $16,746,000 after acquiring an additional 1,879 shares during the last quarter. Icon Wealth Advisors LLC lifted its stake in shares of Costco Wholesale by 1,662.4% in the third quarter. Icon Wealth Advisors LLC now owns 36,271 shares of the retailer’s stock worth $32,155,000 after acquiring an additional 34,213 shares during the period. GM Advisory Group LLC boosted its holdings in Costco Wholesale by 6.1% in the third quarter. GM Advisory Group LLC now owns 3,620 shares of the retailer’s stock valued at $3,209,000 after acquiring an additional 209 shares during the last quarter. Finally, Allen Capital Group LLC increased its position in Costco Wholesale by 18.1% during the 3rd quarter. Allen Capital Group LLC now owns 477 shares of the retailer’s stock valued at $423,000 after purchasing an additional 73 shares during the period. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the transaction, the executive vice president now owns 10,202 shares in the company, valued at approximately $9,091,512.30. This represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,016 shares of company stock worth $9,826,115 in the last quarter. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Price Performance

COST opened at $964.01 on Friday. The firm’s fifty day moving average price is $901.18 and its two-hundred day moving average price is $864.82. The company has a market capitalization of $427.12 billion, a price-to-earnings ratio of 58.18, a P/E/G ratio of 5.90 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a 1 year low of $582.83 and a 1 year high of $976.30.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion during 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%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $4.86 EPS. As a group, analysts anticipate that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 28.00%.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Roth Mkm boosted their target price on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. BMO Capital Markets increased their price target on Costco Wholesale from $980.00 to $1,075.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Oppenheimer boosted their price objective on Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Finally, Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a research note on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $908.81.

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.