Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by DT Investment Partners LLC

DT Investment Partners LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,638 shares of the retailer’s stock after purchasing an additional 77 shares during the period. DT Investment Partners LLC’s holdings in Costco Wholesale were worth $1,452,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Register Financial Advisors LLC purchased a new stake in shares of Costco Wholesale during the first quarter worth approximately $89,000. Griffin Asset Management Inc. boosted its stake in Costco Wholesale by 3.7% during the 1st quarter. Griffin Asset Management Inc. now owns 8,697 shares of the retailer’s stock worth $6,372,000 after purchasing an additional 308 shares during the last quarter. Investment Research & Advisory Group Inc. grew its holdings in shares of Costco Wholesale by 0.3% during the first quarter. Investment Research & Advisory Group Inc. now owns 4,472 shares of the retailer’s stock worth $3,276,000 after buying an additional 14 shares in the last quarter. Vicus Capital raised its position in shares of Costco Wholesale by 42.7% in the first quarter. Vicus Capital now owns 471 shares of the retailer’s stock valued at $345,000 after buying an additional 141 shares during the last quarter. Finally, Winthrop Advisory Group LLC lifted its stake in shares of Costco Wholesale by 4.8% in the first quarter. Winthrop Advisory Group LLC now owns 749 shares of the retailer’s stock worth $549,000 after buying an additional 34 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 0.2 %

Shares of NASDAQ COST opened at $891.22 on Friday. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The stock has a market cap of $394.87 billion, a P/E ratio of 53.79, a PEG ratio of 5.50 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The business’s fifty day simple moving average is $891.35 and its 200-day simple moving average is $837.33.

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 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 business had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter last year, the business posted $4.86 EPS. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio is presently 28.00%.

Insider Activity

In related news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares of the company’s stock, valued at $20,015,745. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the transaction, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at $20,015,745. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,636 shares of company stock worth $11,238,510. 0.18% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a report on Thursday, October 10th. Wells Fargo & Company lifted their price objective on Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Melius Research assumed coverage on Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price for the company. Truist Financial lowered 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. Finally, Tigress Financial restated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Ten analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $894.57.

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.