Trajan Wealth LLC Raises Holdings in Costco Wholesale Co. (NASDAQ:COST)

by · The Cerbat Gem

Trajan Wealth LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 10.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,319 shares of the retailer’s stock after acquiring an additional 3,276 shares during the quarter. Costco Wholesale comprises 1.8% of Trajan Wealth LLC’s holdings, making the stock its 11th largest holding. Trajan Wealth LLC’s holdings in Costco Wholesale were worth $31,311,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Financial Connections Group Inc. grew its holdings in shares of Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares in the last quarter. Bank & Trust Co acquired a new position in shares of Costco Wholesale in the second quarter worth $48,000. Ruedi Wealth Management Inc. increased its position in shares of Costco Wholesale by 73.5% during the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after acquiring an additional 25 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Costco Wholesale in the second quarter valued at $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC purchased a new position in Costco Wholesale in the third quarter valued at $58,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COST. Deutsche Bank Aktiengesellschaft increased their price target on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. TD Cowen increased their price target on shares of Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Oppenheimer upped their price objective on shares of Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Melius Research initiated coverage on Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 target price on the stock. Finally, Loop Capital upped their target price on Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $894.57.

Get Our Latest Research Report on COST

Costco Wholesale Trading Down 0.9 %

NASDAQ:COST opened at $879.09 on Thursday. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $389.50 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 5.48 and a beta of 0.80. The stock has a fifty day simple moving average of $892.30 and a 200-day simple moving average of $842.70. Costco Wholesale Co. has a 52-week low of $549.06 and a 52-week high of $923.83.

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 (EPS) for the quarter, beating the consensus estimate 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 business’s revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.86 earnings per share. On average, equities research analysts expect that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 28.00%.

Insider Buying and Selling at Costco Wholesale

In related news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the sale, the director now directly owns 11,775 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Richard A. Galanti sold 500 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the sale, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at $20,560,344. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,636 shares of company stock worth $11,238,510 in the last 90 days. 0.18% of the stock is owned by company insiders.

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.

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