Nwam LLC Makes New Investment in Costco Wholesale Co. (NASDAQ:COST)

Nwam LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 22,624 shares of the retailer’s stock, valued at approximately $20,056,000. Costco Wholesale comprises 1.2% of Nwam LLC’s holdings, making the stock its 12th largest holding.

Other large investors also recently bought and sold shares of the company. Financial Connections Group Inc. increased its position in shares of Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares during the period. Bank & Trust Co acquired a new position in shares of Costco Wholesale during the 2nd quarter valued at $48,000. Ruedi Wealth Management Inc. increased its position in shares of Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after purchasing an additional 25 shares during the period. Summit Securities Group LLC acquired a new position in shares of Costco Wholesale during the 2nd quarter valued at $50,000. Finally, Fairway Wealth LLC increased its position in shares of Costco Wholesale by 230.0% during the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after purchasing an additional 46 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.9 %

Shares of COST opened at $964.15 on Friday. Costco Wholesale Co. has a 52 week low of $582.83 and a 52 week high of $966.79. 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 capitalization of $427.19 billion, a price-to-earnings ratio of 57.83, a PEG ratio of 5.74 and a beta of 0.80. The business’s fifty day moving average price is $900.22 and its two-hundred day moving average price is $863.38.

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

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.48%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s payout ratio is presently 28.00%.

Analyst Upgrades and Downgrades

COST has been the topic of a number of recent research reports. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Truist Financial cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective for the company. in a research report on Tuesday, September 24th. Stifel Nicolaus lifted their price objective on Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Finally, Tigress Financial reissued a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $908.81.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. The trade was a 27.05 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,016 shares of company stock valued at $9,826,115. 0.18% of the stock is 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.