Drucker Wealth 3.0 LLC Boosts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Drucker Wealth 3.0 LLC grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 5.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 329 shares of the retailer’s stock after purchasing an additional 18 shares during the period. Drucker Wealth 3.0 LLC’s holdings in Costco Wholesale were worth $292,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the 3rd quarter worth $29,000. Financial Connections Group Inc. grew its position in shares of Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after acquiring an additional 39 shares during the period. Ruedi Wealth Management Inc. lifted its holdings in Costco Wholesale by 73.5% during the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after purchasing an additional 25 shares in the last quarter. Summit Securities Group LLC purchased a new position in Costco Wholesale in the 2nd quarter worth approximately $50,000. Finally, Fairway Wealth LLC grew its holdings in Costco Wholesale by 230.0% during the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after buying an additional 46 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In related 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 transaction of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares in the company, valued at $9,155,409.10. This trade represents a 16.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total value of $3,921,060.00. Following the completion of the sale, the executive vice president now owns 10,202 shares in the company, valued at approximately $9,091,512.30. This trade represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,016 shares of company stock valued at $9,826,115 in the last 90 days. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

COST has been the subject of a number of research reports. Morgan Stanley boosted their price target on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Stifel Nicolaus boosted their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Redburn Atlantic lowered Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $860.00 to $890.00 in a research note on Tuesday, September 10th. Evercore ISI increased their price target on shares of Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, Barclays upped their price target on Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $928.50.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $987.86 on Tuesday. The business’s fifty day moving average is $917.82 and its two-hundred day moving average is $880.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm has a market cap of $437.69 billion, a P/E ratio of 59.62, a P/E/G ratio of 6.05 and a beta of 0.82. Costco Wholesale Co. has a 52 week low of $618.76 and a 52 week high of $997.71.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same period last year, the firm earned $4.86 EPS. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts forecast that Costco Wholesale Co. will post 17.74 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.47%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s payout ratio is 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.