Costco Wholesale Co. (NASDAQ:COST) Stock Position Raised by Arkadios Wealth Advisors

Arkadios Wealth Advisors lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 42.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,818 shares of the retailer’s stock after acquiring an additional 1,424 shares during the quarter. Arkadios Wealth Advisors’ holdings in Costco Wholesale were worth $4,271,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. Vicus Capital boosted its stake in shares of Costco Wholesale by 42.7% during the 1st quarter. Vicus Capital now owns 471 shares of the retailer’s stock valued at $345,000 after buying an additional 141 shares during the period. Foguth Wealth Management LLC. acquired a new stake in shares of Costco Wholesale during the 1st quarter valued at $259,000. Physician Wealth Advisors Inc. boosted its stake in shares of Costco Wholesale by 2.5% during the 1st quarter. Physician Wealth Advisors Inc. now owns 1,809 shares of the retailer’s stock valued at $1,295,000 after buying an additional 44 shares during the period. River Street Advisors LLC boosted its stake in shares of Costco Wholesale by 6.0% during the 1st quarter. River Street Advisors LLC now owns 2,155 shares of the retailer’s stock valued at $1,579,000 after buying an additional 122 shares during the period. Finally, Richardson Capital Management LLC boosted its stake in shares of Costco Wholesale by 370.4% during the 1st quarter. Richardson Capital Management LLC now owns 127 shares of the retailer’s stock valued at $93,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $891.22 on Friday. The stock has a market cap of $394.87 billion, a P/E ratio of 53.79, a PEG ratio of 5.50 and a beta of 0.80. The company’s 50-day simple moving average is $891.76 and its 200 day simple moving average is $839.41. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the business earned $4.86 earnings per share. As a group, research analysts forecast that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have issued reports on COST shares. Loop Capital lifted their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research note on Friday, September 27th. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Evercore ISI lifted their price objective on shares of Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective for the company. in a research note on Tuesday, September 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. 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 data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $894.57.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,636 shares of company stock worth $11,238,510 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

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.