Northwest Quadrant Wealth Management LLC Grows Position in Costco Wholesale Co. (NASDAQ:COST)

Northwest Quadrant Wealth Management LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,707 shares of the retailer’s stock after purchasing an additional 70 shares during the quarter. Costco Wholesale makes up 0.6% of Northwest Quadrant Wealth Management LLC’s investment portfolio, making the stock its 13th largest holding. Northwest Quadrant Wealth Management LLC’s holdings in Costco Wholesale were worth $2,400,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Thrive Wealth Management LLC boosted its stake in Costco Wholesale by 48.7% in the 3rd quarter. Thrive Wealth Management LLC now owns 772 shares of the retailer’s stock worth $685,000 after purchasing an additional 253 shares during the period. Sowell Financial Services LLC lifted its stake in Costco Wholesale by 1.7% in the 3rd quarter. Sowell Financial Services LLC now owns 17,705 shares of the retailer’s stock worth $15,696,000 after purchasing an additional 291 shares in the last quarter. HBW Advisory Services LLC boosted its stake in Costco Wholesale by 129.9% during the third quarter. HBW Advisory Services LLC now owns 1,460 shares of the retailer’s stock valued at $1,295,000 after buying an additional 825 shares during the period. Duncan Williams Asset Management LLC lifted its position in Costco Wholesale by 10.6% during the third quarter. Duncan Williams Asset Management LLC now owns 901 shares of the retailer’s stock valued at $799,000 after purchasing an additional 86 shares during the last quarter. Finally, Abacus Wealth Partners LLC grew its position in Costco Wholesale by 1.0% in the third quarter. Abacus Wealth Partners LLC now owns 1,983 shares of the retailer’s stock worth $1,758,000 after acquiring an additional 20 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In related news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the transaction, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at $10,545,746.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,174 shares of company stock worth $7,097,624 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COST. BMO Capital Markets reissued an “outperform” rating and set a $980.00 price objective (up from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Stifel Nicolaus lifted their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $860.00 to $890.00 in a research note on Tuesday, September 10th. Tigress Financial increased their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Finally, Evercore ISI upped their target price on shares of Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $883.04.

Costco Wholesale Stock Up 0.8 %

NASDAQ COST traded up $7.44 on Friday, hitting $883.11. The stock had a trading volume of 1,517,311 shares, compared to its average volume of 1,961,015. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83. The business’s fifty day moving average price is $875.41 and its 200 day moving average price is $821.29. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The stock has a market cap of $391.51 billion, a price-to-earnings ratio of 54.72, a price-to-earnings-growth ratio of 5.38 and a beta of 0.80.

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, topping the consensus estimate of $5.05 by $0.10. The firm 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 31.30% and a net margin of 2.90%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the business posted $4.86 earnings per share. Equities research analysts anticipate that Costco Wholesale Co. will post 17.74 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. Costco Wholesale’s dividend payout ratio is presently 28.75%.

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.