Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Northwest Quadrant Wealth Management LLC

Northwest Quadrant Wealth Management LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 2.7% during the 3rd quarter, Holdings Channel reports. The fund owned 2,707 shares of the retailer’s stock after acquiring an additional 70 shares during the quarter. Costco Wholesale makes up 0.6% of Northwest Quadrant Wealth Management LLC’s portfolio, making the stock its 13th biggest holding. Northwest Quadrant Wealth Management LLC’s holdings in Costco Wholesale were worth $2,400,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Thrive Wealth Management LLC raised its holdings in shares of Costco Wholesale by 48.7% in the 3rd quarter. Thrive Wealth Management LLC now owns 772 shares of the retailer’s stock valued at $685,000 after purchasing an additional 253 shares in the last quarter. Sowell Financial Services LLC raised its stake in Costco Wholesale by 1.7% in the third quarter. Sowell Financial Services LLC now owns 17,705 shares of the retailer’s stock valued at $15,696,000 after buying an additional 291 shares in the last quarter. HBW Advisory Services LLC lifted its holdings in Costco Wholesale by 129.9% during the 3rd quarter. HBW Advisory Services LLC now owns 1,460 shares of the retailer’s stock worth $1,295,000 after buying an additional 825 shares during the last quarter. Duncan Williams Asset Management LLC boosted its position in shares of Costco Wholesale by 10.6% during the 3rd quarter. Duncan Williams Asset Management LLC now owns 901 shares of the retailer’s stock worth $799,000 after acquiring an additional 86 shares in the last quarter. Finally, Abacus Wealth Partners LLC increased its holdings in shares of Costco Wholesale by 1.0% in the 3rd quarter. Abacus Wealth Partners LLC now owns 1,983 shares of the retailer’s stock valued at $1,758,000 after acquiring an additional 20 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on COST shares. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a report on Thursday, August 8th. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Robert W. Baird lifted their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Evercore ISI upped their price objective on shares of Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Finally, Stifel Nicolaus lifted their target price on Costco Wholesale from $915.00 to $925.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $883.04.

Costco Wholesale Price Performance

Shares of NASDAQ:COST traded up $7.44 during trading on Friday, hitting $883.11. 1,517,311 shares of the stock were exchanged, compared to its average volume of 1,961,015. The company has a fifty day moving average price of $875.41 and a two-hundred day moving average price of $821.29. The company has a market cap of $391.51 billion, a PE ratio of 54.72, a P/E/G ratio of 5.38 and a beta of 0.80. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate of $5.05 by $0.10. The business had revenue of $79.70 billion for 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 31.30%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.86 EPS. On average, analysts forecast that Costco Wholesale Co. will post 17.74 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a $1.16 dividend. The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.53%. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $7,671,983.70. This represents 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 8,174 shares of company stock valued at $7,097,624 over the last quarter. Insiders own 0.18% of the company’s stock.

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.