Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Resurgent Financial Advisors LLC

Resurgent Financial Advisors LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,301 shares of the retailer’s stock after acquiring an additional 118 shares during the period. Resurgent Financial Advisors LLC’s holdings in Costco Wholesale were worth $1,153,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. grew its holdings in Costco Wholesale by 5.7% in the second quarter. Canandaigua National Bank & Trust Co. now owns 1,824 shares of the retailer’s stock valued at $1,550,000 after purchasing an additional 98 shares during the last quarter. Duncan Williams Asset Management LLC grew its holdings in Costco Wholesale by 7.9% in the second quarter. Duncan Williams Asset Management LLC now owns 815 shares of the retailer’s stock valued at $693,000 after purchasing an additional 60 shares during the last quarter. CHICAGO TRUST Co NA grew its holdings in Costco Wholesale by 8.1% in the second quarter. CHICAGO TRUST Co NA now owns 4,195 shares of the retailer’s stock valued at $3,566,000 after purchasing an additional 313 shares during the last quarter. Shira Ridge Wealth Management grew its holdings in Costco Wholesale by 1.8% in the second quarter. Shira Ridge Wealth Management now owns 1,380 shares of the retailer’s stock valued at $1,173,000 after purchasing an additional 24 shares during the last quarter. Finally, CRA Financial Services LLC grew its holdings in Costco Wholesale by 1.9% in the second quarter. CRA Financial Services LLC now owns 1,402 shares of the retailer’s stock valued at $1,192,000 after purchasing an additional 26 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Roth Mkm upped their target price on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a report on Thursday, August 8th. Evercore ISI increased their price objective on Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. BMO Capital Markets increased their price objective on Costco Wholesale from $980.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Loop Capital increased their price objective on Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $908.81.

Costco Wholesale Price Performance

COST stock opened at $990.92 on Thursday. 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 1 year low of $597.03 and a 1 year high of $991.15. The firm has a market cap of $439.05 billion, a P/E ratio of 59.80, a price-to-earnings-growth ratio of 6.06 and a beta of 0.82. The stock has a 50-day simple moving average of $912.04 and a 200-day simple moving average of $876.08.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter last year, the firm earned $4.86 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. On average, equities analysts predict that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $1.16 per share. The ex-dividend date was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.47%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value 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 trade represents a 30.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of 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 4.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,016 shares of company stock worth $9,826,115 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

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.