Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Summit Wealth & Retirement Planning Inc.

Summit Wealth & Retirement Planning Inc. grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 451 shares of the retailer’s stock after purchasing an additional 29 shares during the quarter. Summit Wealth & Retirement Planning Inc.’s holdings in Costco Wholesale were worth $400,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of COST. International Assets Investment Management LLC raised its holdings in shares of Costco Wholesale by 113,947.9% in the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after acquiring an additional 7,364,453 shares during the last quarter. Wulff Hansen & CO. raised its stake in Costco Wholesale by 99,208.6% in the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after purchasing an additional 1,473,248 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Costco Wholesale by 287.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock valued at $710,802,000 after purchasing an additional 620,341 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of Costco Wholesale by 51,747.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock worth $5,266,000 after purchasing an additional 618,383 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Costco Wholesale by 1.2% during the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after buying an additional 473,702 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the transaction, the executive vice president now owns 23,800 shares in the company, valued at $20,560,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, Director Susan L. Decker sold 620 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares in the company, valued at $10,320,787.50. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction on 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 owns 23,800 shares in the company, valued at $20,560,344. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,636 shares of company stock valued at $11,238,510 over the last three months. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Melius Research started coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective on the stock. Oppenheimer raised their price objective on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Barclays upped their target price on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research note 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 note on Thursday, October 17th. Finally, DA Davidson restated a “neutral” rating and issued a $880.00 price target on shares of Costco Wholesale in a report on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $905.30.

Costco Wholesale Stock Up 3.3 %

Shares of Costco Wholesale stock opened at $943.80 on Friday. 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 Co. has a 1-year low of $562.01 and a 1-year high of $962.00. The business’s fifty day moving average price is $893.49 and its two-hundred day moving average price is $850.73. The company has a market capitalization of $418.17 billion, a P/E ratio of 56.96, a PEG ratio of 5.53 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 earnings per share (EPS) for the quarter, beating 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 business had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same period last year, the firm posted $4.86 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. As a group, research analysts forecast that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently announced 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 0.49%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s payout ratio is 28.00%.

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.