Integris Wealth Management LLC Has $532,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Integris Wealth Management LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 9.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 600 shares of the retailer’s stock after buying an additional 53 shares during the quarter. Integris Wealth Management LLC’s holdings in Costco Wholesale were worth $532,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Catalyst Private Wealth LLC increased its position in Costco Wholesale by 36.3% in the 1st quarter. Catalyst Private Wealth LLC now owns 928 shares of the retailer’s stock worth $680,000 after buying an additional 247 shares during the period. RDA Financial Network grew its stake in shares of Costco Wholesale by 11.9% in the first quarter. RDA Financial Network now owns 3,133 shares of the retailer’s stock worth $2,295,000 after acquiring an additional 332 shares during the last quarter. Compton Wealth Advisory Group LLC increased its position in Costco Wholesale by 2.2% during the first quarter. Compton Wealth Advisory Group LLC now owns 3,875 shares of the retailer’s stock worth $2,839,000 after acquiring an additional 83 shares during the period. Security Financial Services INC. raised its stake in Costco Wholesale by 10.4% during the 1st quarter. Security Financial Services INC. now owns 414 shares of the retailer’s stock valued at $303,000 after purchasing an additional 39 shares during the last quarter. Finally, Walker Financial Services Inc. bought a new stake in Costco Wholesale in the 1st quarter valued at $207,000. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now owns 11,775 shares of the company’s stock, valued at approximately $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 this hyperlink. Also, 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 transaction of $437,025.00. Following the sale, the executive vice president now owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,224 shares of company stock worth $9,974,973 in the last quarter. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of several research reports. Barclays boosted their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Robert W. Baird upped their price target on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Bank of America lifted their price objective on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. DA Davidson restated a “neutral” rating and issued a $880.00 target price on shares of Costco Wholesale in a research note on Thursday, October 10th. Finally, Redburn Atlantic cut 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. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $890.07.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $889.56 on Friday. The business’s fifty day moving average is $889.26 and its two-hundred day moving average is $833.05. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm has a market cap of $394.37 billion, a P/E ratio of 55.12, a P/E/G ratio of 5.48 and a beta of 0.80. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping 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 net margin of 2.90% and a return on equity of 31.05%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.86 EPS. Equities research analysts forecast that Costco Wholesale Co. will post 17.74 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 28.75%.

About Costco Wholesale

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.