Integrated Wealth Concepts LLC Acquires 324 Shares of Costco Wholesale Co. (NASDAQ:COST)

Integrated Wealth Concepts LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,977 shares of the retailer’s stock after purchasing an additional 324 shares during the period. Integrated Wealth Concepts LLC’s holdings in Costco Wholesale were worth $16,824,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Arden Trust Co purchased a new stake in Costco Wholesale in the second quarter worth about $201,000. Thomasville National Bank increased its holdings in Costco Wholesale by 14.0% during the 2nd quarter. Thomasville National Bank now owns 724 shares of the retailer’s stock worth $615,000 after purchasing an additional 89 shares during the period. Cullinan Associates Inc. increased its holdings in shares of Costco Wholesale by 4.1% in the 2nd quarter. Cullinan Associates Inc. now owns 19,650 shares of the retailer’s stock valued at $16,702,000 after acquiring an additional 768 shares during the period. RDA Financial Network boosted its position in shares of Costco Wholesale by 6.2% in the 2nd quarter. RDA Financial Network now owns 3,326 shares of the retailer’s stock worth $2,827,000 after purchasing an additional 193 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in Costco Wholesale by 17.0% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 2,136 shares of the retailer’s stock worth $1,816,000 after acquiring an additional 311 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on COST. The Goldman Sachs Group boosted their target price on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Roth Mkm lifted their target price on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Barclays lifted their price objective on Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective on the stock in a research note on Thursday, August 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned 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 target price of $908.81.

Costco Wholesale Price Performance

NASDAQ:COST opened at $975.00 on Tuesday. 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 company has a market capitalization of $431.99 billion, a P/E ratio of 58.84, a P/E/G ratio of 6.00 and a beta of 0.82. Costco Wholesale Co. has a 52 week low of $591.46 and a 52 week high of $976.50. The stock’s fifty day moving average is $907.62 and its two-hundred day moving average is $872.68.

Costco Wholesale (NASDAQ:COST) last released 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. 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 for the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the previous year, the company posted $4.86 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. Equities analysts expect that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Dividend Announcement

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

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. The trade was a 27.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,016 shares of company stock worth $9,826,115. 0.18% of the stock is currently owned by corporate insiders.

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.