Waycross Investment Management Co Buys 17 Shares of Costco Wholesale Co. (NASDAQ:COST)

Waycross Investment Management Co boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.1% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 558 shares of the retailer’s stock after buying an additional 17 shares during the quarter. Waycross Investment Management Co’s holdings in Costco Wholesale were worth $495,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in Costco Wholesale in the first quarter worth about $32,000. Vima LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $34,000. Financial Connections Group Inc. raised its stake in shares of Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after buying an additional 39 shares during the last quarter. Bank & Trust Co acquired a new position in Costco Wholesale in the second quarter valued at approximately $48,000. Finally, Ruedi Wealth Management Inc. lifted its holdings in Costco Wholesale by 73.5% in the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after buying an additional 25 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Transactions at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the sale, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related 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 sale, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were 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 owns 12,492 shares in the company, valued at $10,545,746.40. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,174 shares of company stock worth $7,097,624. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on COST shares. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price for the company. in a research report on Tuesday, September 24th. Bank of America upped their price objective on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Redburn Atlantic lowered Costco Wholesale from a “buy” rating to a “neutral” rating and increased their target price for the company from $860.00 to $890.00 in a research note on Tuesday, September 10th. Loop Capital boosted their target price on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $883.04.

Costco Wholesale Price Performance

Shares of COST stock traded up $7.44 on Friday, hitting $883.11. 1,517,311 shares of the company’s stock were exchanged, compared to its average volume of 1,961,015. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. 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 company has a 50 day moving average of $875.41 and a 200 day moving average of $821.91. The stock has a market cap of $391.51 billion, a P/E ratio of 54.72, a price-to-earnings-growth ratio of 5.38 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results 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 company had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.30%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $4.86 EPS. On average, equities research analysts predict that Costco Wholesale Co. will post 17.74 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.53%. Costco Wholesale’s payout ratio is presently 28.75%.

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.