Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Acorn Wealth Advisors LLC

Acorn Wealth Advisors LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 14.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 496 shares of the retailer’s stock after buying an additional 62 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in Costco Wholesale were worth $440,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. China Universal Asset Management Co. Ltd. boosted its holdings in Costco Wholesale by 22.3% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock valued at $5,655,000 after acquiring an additional 1,408 shares during the period. Mount Yale Investment Advisors LLC boosted its stake in shares of Costco Wholesale by 210.5% in the first quarter. Mount Yale Investment Advisors LLC now owns 1,068 shares of the retailer’s stock valued at $783,000 after purchasing an additional 724 shares during the period. Waverly Advisors LLC grew its holdings in shares of Costco Wholesale by 69.2% in the first quarter. Waverly Advisors LLC now owns 3,866 shares of the retailer’s stock valued at $2,832,000 after purchasing an additional 1,581 shares in the last quarter. Kennedy Capital Management LLC acquired a new stake in Costco Wholesale during the 1st quarter worth approximately $5,471,000. Finally, Industrial Alliance Investment Management Inc. boosted its position in Costco Wholesale by 2.7% in the 1st quarter. Industrial Alliance Investment Management Inc. now owns 1,141 shares of the retailer’s stock valued at $836,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST traded down $1.26 during mid-day trading on Monday, reaching $962.75. 166,969 shares of the company’s stock were exchanged, compared to its average volume of 1,920,942. The business’s fifty day simple moving average is $901.18 and its 200-day simple moving average is $866.19. Costco Wholesale Co. has a 52-week low of $582.83 and a 52-week high of $976.30. The stock has a market capitalization of $426.57 billion, a PE ratio of 58.54, a price-to-earnings-growth ratio of 5.95 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

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

Costco Wholesale Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. DA Davidson reaffirmed a “neutral” rating and set a $880.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 10th. Truist Financial downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target on the stock. in a report on Tuesday, September 24th. Oppenheimer lifted their price objective on Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a research note on Thursday, August 8th. Finally, StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $908.81.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the company’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 transaction, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. This represents a 4.91 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction dated 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 directly owns 8,630 shares in the company, valued at approximately $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 ninety days, insiders have sold 11,016 shares of company stock worth $9,826,115. 0.18% of the stock is currently owned by insiders.

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.