Capital Advisors Inc. OK Boosts Position in Costco Wholesale Co. (NASDAQ:COST)

Capital Advisors Inc. OK raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,268 shares of the retailer’s stock after buying an additional 144 shares during the period. Capital Advisors Inc. OK’s holdings in Costco Wholesale were worth $2,897,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. Lowe Brockenbrough & Co. Inc. grew its stake in Costco Wholesale by 14.1% in the third quarter. Lowe Brockenbrough & Co. Inc. now owns 754 shares of the retailer’s stock worth $668,000 after purchasing an additional 93 shares in the last quarter. Americana Partners LLC raised its holdings in shares of Costco Wholesale by 8.5% in the third quarter. Americana Partners LLC now owns 12,195 shares of the retailer’s stock valued at $10,811,000 after acquiring an additional 959 shares in the last quarter. Shepherd Financial Partners LLC lifted its stake in Costco Wholesale by 0.7% in the third quarter. Shepherd Financial Partners LLC now owns 3,276 shares of the retailer’s stock worth $2,904,000 after acquiring an additional 22 shares during the period. Fonville Wealth Management LLC lifted its stake in Costco Wholesale by 6.1% in the third quarter. Fonville Wealth Management LLC now owns 469 shares of the retailer’s stock worth $416,000 after acquiring an additional 27 shares during the period. Finally, Values Added Financial LLC grew its holdings in Costco Wholesale by 4.7% during the 3rd quarter. Values Added Financial LLC now owns 1,312 shares of the retailer’s stock worth $1,163,000 after acquiring an additional 59 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Stifel Nicolaus upped their price target on shares of Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Roth Mkm upped their target price on Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Loop Capital lifted their price target on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $894.57.

Costco Wholesale Trading Up 0.4 %

COST stock opened at $877.31 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. Costco Wholesale Co. has a 52-week low of $552.01 and a 52-week high of $923.83. The company’s 50-day simple moving average is $892.20 and its 200-day simple moving average is $844.03. The firm has a market cap of $388.71 billion, a P/E ratio of 52.95, a PEG ratio of 5.41 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $79.91 billion. During the same period in the previous year, the business earned $4.86 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts forecast that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $1.16 per share. 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 payout ratio is 28.00%.

Insider Activity

In related news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the transaction, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, EVP Claudine Adamo sold 3,200 shares of the company’s 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 $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the transaction, the executive vice president now directly owns 23,800 shares in the company, valued at approximately $20,560,344. 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 12,636 shares of company stock worth $11,238,510 over the last 90 days. 0.18% of the stock is currently 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.