Costco Wholesale Co. (NASDAQ:COST) Stake Boosted by Madrona Financial Services LLC

Madrona Financial Services LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,718 shares of the retailer’s stock after purchasing an additional 29 shares during the quarter. Costco Wholesale makes up 1.4% of Madrona Financial Services LLC’s investment portfolio, making the stock its 21st largest holding. Madrona Financial Services LLC’s holdings in Costco Wholesale were worth $5,070,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of COST. Perpetual Ltd increased its stake in Costco Wholesale by 24.7% in the 1st quarter. Perpetual Ltd now owns 888 shares of the retailer’s stock worth $651,000 after purchasing an additional 176 shares in the last quarter. Grandview Asset Management LLC boosted its position in Costco Wholesale by 1.3% during the 1st quarter. Grandview Asset Management LLC now owns 2,681 shares of the retailer’s stock worth $1,964,000 after acquiring an additional 35 shares during the period. KMG Fiduciary Partners LLC boosted its position in Costco Wholesale by 43.2% during the 1st quarter. KMG Fiduciary Partners LLC now owns 5,275 shares of the retailer’s stock worth $3,865,000 after acquiring an additional 1,592 shares during the period. American National Bank boosted its position in Costco Wholesale by 0.6% during the 1st quarter. American National Bank now owns 20,504 shares of the retailer’s stock worth $15,022,000 after acquiring an additional 119 shares during the period. Finally, Apella Capital LLC boosted its position in Costco Wholesale by 8.5% during the 1st quarter. Apella Capital LLC now owns 2,623 shares of the retailer’s stock worth $1,885,000 after acquiring an additional 205 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $885.29 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The business’s 50 day moving average is $888.57 and its two-hundred day moving average is $831.04. The company has a market cap of $392.48 billion, a P/E ratio of 54.85, a P/E/G ratio of 5.53 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.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate of $5.05 by $0.10. The company 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 for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $4.86 EPS. On average, equities analysts expect that Costco Wholesale Co. will post 17.73 EPS for the current year.

Costco Wholesale Dividend Announcement

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 given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Insiders Place Their Bets

In other news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Susan L. Decker sold 620 shares of the business’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 value of $543,430.00. Following the sale, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. 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 11,224 shares of company stock valued at $9,974,973 in the last three months. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on COST shares. Bank of America raised their price objective on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft raised their price objective on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Roth Mkm raised their price objective on Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Tigress Financial restated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday. Finally, Truist Financial lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a report on Tuesday, September 24th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $890.07.

Costco Wholesale 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.