Worth Financial Advisory Group LLC Has $325,000 Position in Costco Wholesale Co. (NASDAQ:COST)

by · The Cerbat Gem

Worth Financial Advisory Group LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 48.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 367 shares of the retailer’s stock after acquiring an additional 120 shares during the quarter. Worth Financial Advisory Group LLC’s holdings in Costco Wholesale were worth $325,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Resurgent Financial Advisors LLC increased its stake in shares of Costco Wholesale by 1.0% in the first quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock valued at $1,004,000 after buying an additional 14 shares in the last quarter. MV Capital Management Inc. increased its stake in shares of Costco Wholesale by 247.3% in the first quarter. MV Capital Management Inc. now owns 4,167 shares of the retailer’s stock valued at $3,053,000 after buying an additional 2,967 shares in the last quarter. State of Michigan Retirement System increased its stake in shares of Costco Wholesale by 23.8% in the first quarter. State of Michigan Retirement System now owns 157,969 shares of the retailer’s stock valued at $115,733,000 after buying an additional 30,400 shares in the last quarter. Financial Security Advisor Inc. boosted its holdings in Costco Wholesale by 14.7% in the first quarter. Financial Security Advisor Inc. now owns 781 shares of the retailer’s stock valued at $573,000 after acquiring an additional 100 shares during the last quarter. Finally, Nvest Financial LLC boosted its holdings in Costco Wholesale by 36.2% in the first quarter. Nvest Financial LLC now owns 1,739 shares of the retailer’s stock valued at $1,274,000 after acquiring an additional 462 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on COST shares. Roth Mkm raised their price target on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Evercore ISI raised their target price on Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft raised their target price on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. BMO Capital Markets restated an “outperform” rating and set a $980.00 target price (up previously from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Finally, Robert W. Baird lifted their price objective on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Ten investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $894.57.

View Our Latest Analysis on Costco Wholesale

Costco Wholesale Trading Down 0.0 %

Shares of NASDAQ:COST opened at $890.96 on Tuesday. The company has a market capitalization of $394.76 billion, a P/E ratio of 53.77, a P/E/G ratio of 5.48 and a beta of 0.80. Costco Wholesale Co. has a 1 year low of $543.64 and a 1 year high of $923.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The business’s 50 day simple moving average is $892.14 and its 200 day simple moving average is $841.35.

Costco Wholesale (NASDAQ:COST – Get Free Report) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.86 earnings per share. On average, research analysts anticipate that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio is presently 28.00%.

Insider Activity at Costco Wholesale

In related news, EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the sale, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,636 shares of company stock valued at $11,238,510 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Company Profile

(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.

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