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XTX Topco Ltd Takes $945,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Costco Wholesale logo with Retail/Wholesale background

XTX Topco Ltd purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,066 shares of the retailer's stock, valued at approximately $945,000.

A number of other large investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the third quarter worth approximately $29,000. Financial Connections Group Inc. lifted its stake in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer's stock worth $39,000 after purchasing an additional 39 shares during the last quarter. Ruedi Wealth Management Inc. grew its position in Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer's stock valued at $50,000 after acquiring an additional 25 shares during the last quarter. Summit Securities Group LLC purchased a new position in Costco Wholesale in the 2nd quarter worth about $50,000. Finally, Fairway Wealth LLC increased its position in shares of Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer's stock worth $56,000 after acquiring an additional 46 shares during the period. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Trading Up 0.1 %

Shares of NASDAQ COST traded up $1.29 during midday trading on Wednesday, reaching $994.69. 1,824,066 shares of the stock were exchanged, compared to its average volume of 1,922,758. Costco Wholesale Co. has a twelve month low of $623.21 and a twelve month high of $1,007.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The stock has a market capitalization of $440.72 billion, a P/E ratio of 60.80, a PEG ratio of 6.05 and a beta of 0.82. The company has a 50 day simple moving average of $920.14 and a 200 day simple moving average of $881.93.

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, 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 company's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $4.86 earnings per share. As a group, equities analysts expect that Costco Wholesale Co. will post 17.74 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.47%. Costco Wholesale's payout ratio is 28.00%.

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction 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 completion of the sale, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. This represents a 30.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 27,400 shares of the company's stock, valued at $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,016 shares of company stock worth $9,826,115. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

A number of research firms have commented on COST. StockNews.com downgraded shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Friday, September 27th. DA Davidson restated a "neutral" rating and set a $880.00 target price on shares of Costco Wholesale in a research note on Thursday, October 10th. Roth Mkm increased their price target on Costco Wholesale from $676.00 to $755.00 and gave the company a "neutral" rating in a research note on Friday, September 27th. Robert W. Baird upped their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an "outperform" rating in a report on Thursday, December 5th. Finally, BMO Capital Markets lifted their target price on shares of Costco Wholesale from $980.00 to $1,075.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $931.89.

Read Our Latest Research Report on COST

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.

Further Reading

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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