JFS Wealth Advisors LLC Has $2.77 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

JFS Wealth Advisors LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 86.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,123 shares of the retailer’s stock after purchasing an additional 1,451 shares during the quarter. JFS Wealth Advisors LLC’s holdings in Costco Wholesale were worth $2,768,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Costco Wholesale by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock valued at $29,916,118,000 after purchasing an additional 473,702 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of 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 buying an additional 7,364,453 shares in the last quarter. Capital World Investors boosted its position in shares of Costco Wholesale by 8.1% in the first quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock valued at $2,802,147,000 after acquiring an additional 285,533 shares during the period. Legal & General Group Plc grew its stake in shares of Costco Wholesale by 2.5% in the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock valued at $3,102,941,000 after acquiring an additional 88,550 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Costco Wholesale by 28.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after acquiring an additional 338,780 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.9 %

Shares of NASDAQ COST opened at $879.09 on Thursday. The company has a 50 day simple moving average of $892.30 and a 200 day simple moving average of $842.70. 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 1 year low of $549.06 and a 1 year high of $923.83. The firm has a market cap of $389.50 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 5.48 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping 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 company had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. During the same period last year, the company earned $4.86 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts forecast that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 28.00%.

Insider Transactions at Costco Wholesale

In related news, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction on 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 transaction, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the sale, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the 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 transaction, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,636 shares of company stock worth $11,238,510 over the last three months. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COST. Melius Research began coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective for the company. Oppenheimer boosted their price target on Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Sanford C. Bernstein began coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Telsey Advisory Group reissued an “outperform” rating and set a $1,000.00 target price on shares of Costco Wholesale in a report on Thursday, October 10th. Finally, TD Cowen raised their price target on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average 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.