Consolidated Planning Corp Acquires 395 Shares of Costco Wholesale Corporation $COST

Consolidated Planning Corp raised its stake in Costco Wholesale Corporation (NASDAQ:COST) by 5.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,750 shares of the retailer’s stock after purchasing an additional 395 shares during the period. Consolidated Planning Corp’s holdings in Costco Wholesale were worth $7,672,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of COST. Brighton Jones LLC lifted its position in shares of Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after acquiring an additional 2,172 shares during the period. Revolve Wealth Partners LLC lifted its position in shares of Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after acquiring an additional 130 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in Costco Wholesale by 19.3% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 6,046 shares of the retailer’s stock worth $5,718,000 after purchasing an additional 976 shares during the period. Triangle Securities Wealth Management lifted its position in Costco Wholesale by 4.4% in the first quarter. Triangle Securities Wealth Management now owns 635 shares of the retailer’s stock worth $601,000 after purchasing an additional 27 shares during the period. Finally, Apella Capital LLC lifted its position in Costco Wholesale by 1.9% in the first quarter. Apella Capital LLC now owns 3,005 shares of the retailer’s stock worth $2,901,000 after purchasing an additional 55 shares during the period. 68.48% of the stock is owned by institutional investors.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the sale, the executive vice president owned 9,740 shares in the company, valued at $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock worth $7,588,685 over the last 90 days. 0.18% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Evercore ISI reduced their price objective on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a report on Friday, September 26th. JPMorgan Chase & Co. cut their price target on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research note on Friday, September 26th. The Goldman Sachs Group raised their price target on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. DA Davidson restated a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research report on Friday, September 26th. Finally, Sanford C. Bernstein raised their target price on Costco Wholesale from $1,137.00 to $1,140.00 and gave the stock an “outperform” rating in a research report on Friday, September 26th. Eighteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,067.19.

Costco Wholesale Trading Down 0.9%

Shares of NASDAQ COST opened at $917.34 on Thursday. Costco Wholesale Corporation has a 1-year low of $867.16 and a 1-year high of $1,078.23. The company has a market cap of $406.82 billion, a PE ratio of 50.38, a P/E/G ratio of 5.65 and a beta of 0.98. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average of $954.29 and a two-hundred day moving average of $971.03.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The company had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. During the same period in the previous year, the firm posted $5.15 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. As a group, equities analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $1.30 per share. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is presently 28.56%.

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.