JFS Wealth Advisors LLC Has $2.77 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

JFS Wealth Advisors LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 86.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,123 shares of the retailer's stock after buying an additional 1,451 shares during the quarter. JFS Wealth Advisors LLC's holdings in Costco Wholesale were worth $2,768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in COST. Financial Connections Group Inc. raised its holdings 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 worth $39,000 after purchasing an additional 39 shares in the last quarter. Bank & Trust Co bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $48,000. Ruedi Wealth Management Inc. raised its holdings in shares of 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 purchasing an additional 25 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Costco Wholesale in the second quarter worth approximately $50,000. Finally, Fairway Wealth LLC increased its position in shares of Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer's stock worth $56,000 after acquiring an additional 46 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Performance

Costco Wholesale stock traded down $4.91 on Thursday, hitting $874.18. The company's stock had a trading volume of 1,769,641 shares, compared to its average volume of 1,924,264. The firm has a market cap of $387.33 billion, a P/E ratio of 52.69, a price-to-earnings-growth ratio of 5.48 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The company has a fifty day moving average price of $892.30 and a 200-day moving average price of $842.70. Costco Wholesale Co. has a one year low of $549.06 and a one year high of $923.83.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its earnings results 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 for the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the prior year, the firm earned $4.86 EPS. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Announces Dividend

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 issued 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 28.00%.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now owns 27,400 shares of the company's stock, valued at $24,514,232. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Richard A. Galanti sold 1,416 shares of the company's stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,636 shares of company stock valued at $11,238,510. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on COST shares. Oppenheimer lifted their target price on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an "outperform" rating in a research report on Thursday, October 10th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an "outperform" rating and a $1,016.00 target price on the stock. Wells Fargo & Company lifted their target price on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an "equal weight" rating in a research report on Friday, September 27th. Stifel Nicolaus boosted their price objective on shares of Costco Wholesale from $925.00 to $935.00 and gave the company a "buy" rating in a research report on Thursday, October 10th. Finally, Robert W. Baird boosted their price objective on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an "outperform" rating in a research report on Thursday, July 11th. Ten research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale 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.