Elwood & Goetz Wealth Advisory Group LLC Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

Elwood & Goetz Wealth Advisory Group LLC acquired a new position in Costco Wholesale Co. (NASDAQ:COST) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,059 shares of the retailer’s stock, valued at approximately $939,000.

Several other large investors have also recently bought and sold shares of the business. Vicus Capital grew its holdings in Costco Wholesale by 42.7% in the first quarter. Vicus Capital now owns 471 shares of the retailer’s stock valued at $345,000 after purchasing an additional 141 shares during the last quarter. Foguth Wealth Management LLC. acquired a new stake in Costco Wholesale in the first quarter valued at $259,000. Physician Wealth Advisors Inc. grew its holdings in Costco Wholesale by 2.5% in the first quarter. Physician Wealth Advisors Inc. now owns 1,809 shares of the retailer’s stock valued at $1,295,000 after purchasing an additional 44 shares during the last quarter. River Street Advisors LLC grew its holdings in Costco Wholesale by 6.0% in the first quarter. River Street Advisors LLC now owns 2,155 shares of the retailer’s stock valued at $1,579,000 after purchasing an additional 122 shares during the last quarter. Finally, Richardson Capital Management LLC grew its holdings in Costco Wholesale by 370.4% in the first quarter. Richardson Capital Management LLC now owns 127 shares of the retailer’s stock valued at $93,000 after purchasing an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the sale, the executive vice president now directly owns 23,800 shares in the company, valued at approximately $20,560,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares in the company, valued at $10,320,787.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the sale, the executive vice president now owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,636 shares of company stock worth $11,238,510. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $891.22 on Friday. The stock’s 50-day moving average is $891.76 and its 200-day moving average is $839.41. The company has a market cap of $394.87 billion, a price-to-earnings ratio of 53.79, a price-to-earnings-growth ratio of 5.50 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 12 month low of $540.23 and a 12 month high of $923.83.

Costco Wholesale (NASDAQ:COST) last announced 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. The business had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $4.86 EPS. Equities analysts anticipate that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 dividend yield of 0.52%. Costco Wholesale’s payout ratio is currently 28.00%.

Wall Street Analyst Weigh In

Several analysts have weighed in on COST shares. Truist Financial lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price on the stock. in a report on Tuesday, September 24th. 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. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. BMO Capital Markets reaffirmed an “outperform” rating and set a $980.00 price objective (up previously from $950.00) on shares of Costco Wholesale in a research note on Friday, September 27th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $880.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $894.57.

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.