Inspire Trust Co. N.A. Has $2.39 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Inspire Trust Co. N.A. lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 12.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,700 shares of the retailer’s stock after purchasing an additional 307 shares during the quarter. Inspire Trust Co. N.A.’s holdings in Costco Wholesale were worth $2,394,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of COST. International Assets Investment Management LLC raised its stake in Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after acquiring an additional 7,364,453 shares in the last quarter. Wulff Hansen & CO. increased its position in shares of Costco Wholesale by 99,208.6% during the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock worth $1,253,508,000 after purchasing an additional 1,473,248 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in Costco Wholesale by 51,747.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock valued at $5,266,000 after purchasing an additional 618,383 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Costco Wholesale by 28.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock valued at $1,307,363,000 after buying an additional 338,780 shares in the last quarter. Finally, Pathway Financial Advisers LLC grew its stake in Costco Wholesale by 75,894.4% during the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after buying an additional 338,489 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on COST shares. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective on the stock. in a report on Tuesday, September 24th. Roth Mkm upped their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday. Loop Capital lifted their target price 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. DA Davidson restated a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a research report on Thursday, October 10th. Finally, Barclays lifted their price target on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $962.50.

Costco Wholesale Price Performance

NASDAQ:COST opened at $988.39 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $924.72 and a 200 day simple moving average of $883.45. Costco Wholesale Co. has a 1-year low of $630.30 and a 1-year high of $1,007.80. The stock has a market capitalization of $437.93 billion, a PE ratio of 59.65, a P/E/G ratio of 6.05 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. Costco Wholesale’s revenue was up 1.0% on a year-over-year basis. During the same period last year, the business posted $4.86 EPS. On average, research analysts expect that Costco Wholesale Co. will post 17.77 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s payout ratio is 28.00%.

Insider Buying and Selling at Costco Wholesale

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