waypoint wealth counsel Has $1.19 Million Position in Costco Wholesale Co. (NASDAQ:COST)

waypoint wealth counsel increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,341 shares of the retailer’s stock after acquiring an additional 52 shares during the quarter. Costco Wholesale comprises 0.8% of waypoint wealth counsel’s holdings, making the stock its 28th largest holding. waypoint wealth counsel’s holdings in Costco Wholesale were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Costco Wholesale by 1.2% during the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after purchasing an additional 473,702 shares during the period. Capital World Investors raised its holdings in Costco Wholesale by 8.1% during the first quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after buying an additional 285,533 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Costco Wholesale by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock worth $3,102,941,000 after acquiring an additional 88,550 shares during the last quarter. Fisher Asset Management LLC boosted its position in shares of Costco Wholesale by 3.0% during the fourth quarter. Fisher Asset Management LLC now owns 2,790,935 shares of the retailer’s stock valued at $1,842,241,000 after buying an additional 81,853 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Costco Wholesale by 28.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after acquiring an additional 338,780 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other 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 value of $1,266,300.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction that occurred on 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 sale, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 8,174 shares of company stock worth $7,097,624. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.8 %

NASDAQ COST traded up $7.44 during trading on Friday, hitting $883.11. The company had a trading volume of 1,517,311 shares, compared to its average volume of 1,961,015. The company’s fifty day moving average is $875.41 and its 200-day moving average is $821.91. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The company 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 earnings results 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 analyst estimates of $79.91 billion. Costco Wholesale had a return on equity of 31.30% and a net margin of 2.90%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.86 EPS. On average, sell-side analysts predict that Costco Wholesale Co. will post 17.74 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company 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. This represents a $4.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s payout ratio is 28.75%.

Analyst Upgrades and Downgrades

COST has been the topic of a number of research analyst reports. BMO Capital Markets reissued an “outperform” rating and issued a $980.00 price target (up from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Tigress Financial boosted their target price on Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Evercore ISI upped their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Finally, Wells Fargo & Company lifted their target price on Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $883.04.

Costco Wholesale 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.