Pathway Financial Advisers LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 75,894.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 338,935 shares of the retailer's stock after purchasing an additional 338,489 shares during the quarter. Costco Wholesale comprises about 3.0% of Pathway Financial Advisers LLC's holdings, making the stock its 11th largest holding. Pathway Financial Advisers LLC owned 0.08% of Costco Wholesale worth $300,473,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Financial Connections Group Inc. grew its stake in shares of Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer's stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Bank & Trust Co acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth about $48,000. Ruedi Wealth Management Inc. grew its stake in Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer's stock worth $50,000 after acquiring an additional 25 shares during the period. Summit Securities Group LLC acquired a new position in Costco Wholesale in the second quarter valued at $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter worth about $58,000. Institutional investors and hedge funds own 68.48% of the company's stock.
Costco Wholesale Stock Performance
COST traded down $7.90 during trading hours on Wednesday, reaching $879.09. The company's stock had a trading volume of 1,408,835 shares, compared to its average volume of 1,924,974. Costco Wholesale Co. has a 52 week low of $549.06 and a 52 week high of $923.83. The firm has a market cap of $389.50 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 5.48 and a beta of 0.80. The company's 50-day moving average is $892.30 and its 200-day moving average is $842.70. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.
Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share 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 business had revenue of $79.70 billion during the quarter, compared to analysts' expectations of $79.91 billion. During the same quarter in the previous year, the company earned $4.86 EPS. The business's revenue was up 1.0% on a year-over-year basis. On average, equities analysts forecast that Costco Wholesale Co. will post 17.75 EPS for the current year.
Costco Wholesale Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale's payout ratio is presently 28.00%.
Insider Transactions at Costco Wholesale
In other news, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the transaction, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Claudine Adamo sold 3,200 shares of the firm's stock in a transaction on Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the transaction, the executive vice president now directly owns 8,630 shares of the company's stock, valued at $7,671,983.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were 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 directly 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 90 days, insiders sold 12,636 shares of company stock valued at $11,238,510. Company insiders own 0.18% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on the company. TD Cowen raised their price objective on Costco Wholesale from $925.00 to $975.00 and gave the company a "buy" rating in a research note on Monday, September 30th. Melius Research initiated coverage on Costco Wholesale in a research note on Monday, September 23rd. They issued a "hold" rating and a $950.00 target price on the stock. BMO Capital Markets restated an "outperform" rating and issued a $980.00 target price (up from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Gordon Haskett raised 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, Truist Financial cut Costco Wholesale from a "buy" rating to a "hold" rating and set a $873.00 price target on the stock. in a research report on Tuesday, September 24th. 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.com, Costco Wholesale presently has an average rating of "Moderate Buy" and an average target price of $894.57.
View Our Latest Analysis on Costco Wholesale
About Costco Wholesale
(
Free Report)
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.
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