Financial Avengers Inc. Grows Position in Costco Wholesale Co. (NASDAQ:COST)

Financial Avengers Inc. grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 301 shares of the retailer’s stock after purchasing an additional 19 shares during the quarter. Costco Wholesale makes up about 0.1% of Financial Avengers Inc.’s investment portfolio, making the stock its 29th largest position. Financial Avengers Inc.’s holdings in Costco Wholesale were worth $267,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Wilson & Boucher Capital Management LLC increased its position in shares of Costco Wholesale by 9.8% during the 3rd quarter. Wilson & Boucher Capital Management LLC now owns 1,395 shares of the retailer’s stock valued at $1,237,000 after purchasing an additional 125 shares during the last quarter. Coldstream Capital Management Inc. increased its position in shares of Costco Wholesale by 6.3% during the 3rd quarter. Coldstream Capital Management Inc. now owns 22,642 shares of the retailer’s stock valued at $20,129,000 after purchasing an additional 1,345 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Costco Wholesale by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock valued at $8,380,648,000 after purchasing an additional 162,191 shares during the last quarter. Insight Inv LLC grew its position in Costco Wholesale by 16.9% during the 3rd quarter. Insight Inv LLC now owns 589 shares of the retailer’s stock worth $522,000 after acquiring an additional 85 shares during the last quarter. Finally, Prestige Wealth Management Group LLC grew its position in Costco Wholesale by 0.6% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,623 shares of the retailer’s stock worth $2,325,000 after acquiring an additional 15 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 0.6 %

Shares of NASDAQ:COST opened at $993.40 on Wednesday. The stock has a fifty day simple moving average of $917.82 and a two-hundred day simple moving average of $880.63. The stock has a market capitalization of $440.15 billion, a price-to-earnings ratio of 59.95, a PEG ratio of 6.05 and a beta of 0.82. Costco Wholesale Co. has a 12-month low of $618.76 and a 12-month high of $997.71. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.86 earnings per share. On average, research analysts anticipate that Costco Wholesale Co. will post 17.74 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s payout ratio is 28.00%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,016 shares of company stock valued at $9,826,115. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on COST. Melius Research began coverage on Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 price target on the stock. The Goldman Sachs Group raised their price target on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Wells Fargo & Company raised their price target on Costco Wholesale from $850.00 to $950.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 5th. Redburn Atlantic lowered Costco Wholesale from a “buy” rating to a “neutral” rating and raised their price target for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Finally, Truist Financial lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective on the stock. in a research report on Tuesday, September 24th. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $931.89.

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.