Costco Wholesale Co. (NASDAQ:COST) is Avitas Wealth Management LLC’s 6th Largest Position

30 Oct 2024, 13:38 by Kim Johansen · The Markets Daily

Avitas Wealth Management LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 0.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 23,760 shares of the retailer’s stock after acquiring an additional 28 shares during the quarter. Costco Wholesale accounts for about 3.0% of Avitas Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position. Avitas Wealth Management LLC’s holdings in Costco Wholesale were worth $21,064,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Fermata Advisors LLC lifted its stake in Costco Wholesale by 0.6% in the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after buying an additional 11 shares during the last quarter. Oak Asset Management LLC increased its holdings in shares of Costco Wholesale by 0.3% in the 2nd quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after acquiring an additional 12 shares during the period. Peddock Capital Advisors LLC lifted its position in Costco Wholesale by 0.7% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock valued at $1,518,000 after purchasing an additional 12 shares during the last quarter. Perkins Coie Trust Co boosted its stake in Costco Wholesale by 0.3% during the 3rd quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock valued at $4,144,000 after purchasing an additional 12 shares during the period. Finally, Firethorn Wealth Partners LLC grew its position in Costco Wholesale by 3.5% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock worth $318,000 after purchasing an additional 12 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.4 %

NASDAQ COST opened at $886.99 on Wednesday. The firm’s 50 day moving average price is $892.35 and its two-hundred day moving average price is $842.45. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale Co. has a twelve month low of $543.64 and a twelve month high of $923.83. The stock has a market cap of $393.00 billion, a price-to-earnings ratio of 53.53, a PEG ratio of 5.48 and a beta of 0.80.

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 for the quarter, beating 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%. Costco Wholesale’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $4.86 earnings per share. Equities analysts anticipate that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently declared 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 0.52%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is 28.00%.

Wall Street Analyst Weigh In

COST has been the subject of several analyst reports. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective for the company. TD Cowen boosted their price target on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Tigress Financial reissued a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Roth Mkm upped their price objective on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Finally, Bank of America raised their target price on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $894.57.

Check Out Our Latest Research Report on Costco Wholesale

Insider Buying and Selling

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

Costco Wholesale Company Profile

(Free Report)