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

Fonville Wealth Management LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 469 shares of the retailer’s stock after acquiring an additional 27 shares during the period. Fonville Wealth Management LLC’s holdings in Costco Wholesale were worth $416,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Financial Connections Group Inc. increased its holdings in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Bank & Trust Co purchased a new position in Costco Wholesale in the second quarter valued at $48,000. Ruedi Wealth Management Inc. increased its holdings in Costco Wholesale by 73.5% in the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after buying an additional 25 shares during the last quarter. Summit Securities Group LLC purchased a new position in Costco Wholesale in the second quarter valued at $50,000. Finally, Fairway Wealth LLC increased its holdings in Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after buying an additional 46 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on COST shares. Robert W. Baird raised their price objective on Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective for the company in a report on Thursday, August 8th. Redburn Atlantic lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and raised their target price for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. TD Cowen raised their target price on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research report on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $894.57.

Insider Buying and Selling at Costco Wholesale

In other news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction dated 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 approximately $10,320,787.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction dated 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 approximately $10,320,787.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was 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 $20,560,344. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,636 shares of company stock worth $11,238,510 in the last 90 days. 0.18% of the stock is owned by company insiders.

Costco Wholesale Trading Up 0.4 %

Shares of COST stock opened at $877.31 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 company has a market capitalization of $388.71 billion, a price-to-earnings ratio of 52.95, a PEG ratio of 5.41 and a beta of 0.80. The firm has a 50-day moving average price of $892.20 and a 200 day moving average price of $844.03. Costco Wholesale Co. has a twelve month low of $552.01 and a twelve month high of $923.83.

Costco Wholesale (NASDAQ:COST) last posted its quarterly 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 company had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $4.86 EPS. Research analysts forecast that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is 28.00%.

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.