Consilium Wealth Advisory LLC Has $1.39 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Consilium Wealth Advisory LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,564 shares of the retailer’s stock after purchasing an additional 31 shares during the quarter. Consilium Wealth Advisory LLC’s holdings in Costco Wholesale were worth $1,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of COST. Concurrent Investment Advisors LLC boosted its position in Costco Wholesale by 6.6% during the third quarter. Concurrent Investment Advisors LLC now owns 8,797 shares of the retailer’s stock worth $7,799,000 after purchasing an additional 546 shares during the period. Gordian Advisors LLC acquired a new stake in shares of Costco Wholesale in the third quarter worth $383,000. Centennial Wealth Advisory LLC boosted its holdings in shares of Costco Wholesale by 15.8% during the 3rd quarter. Centennial Wealth Advisory LLC now owns 813 shares of the retailer’s stock worth $721,000 after buying an additional 111 shares during the period. Maia Wealth LLC grew its stake in Costco Wholesale by 18.1% in the 3rd quarter. Maia Wealth LLC now owns 418 shares of the retailer’s stock valued at $374,000 after buying an additional 64 shares during the last quarter. Finally, White Lighthouse Investment Management Inc. acquired a new position in Costco Wholesale during the 3rd quarter worth $278,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ COST traded down $0.73 during trading hours on Wednesday, reaching $889.44. 294,913 shares of the company’s stock were exchanged, compared to its average volume of 1,912,291. The firm has a fifty day moving average of $891.70 and a 200-day moving average of $848.34. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a one year low of $562.01 and a one year high of $923.83. The stock has a market cap of $394.08 billion, a PE ratio of 53.72, a price-to-earnings-growth ratio of 5.40 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 for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The company 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 31.05% 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 period last year, the company posted $4.86 earnings per share. On average, equities research analysts predict that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid 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 of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio is presently 28.00%.

Insider Transactions at Costco Wholesale

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on COST shares. Evercore ISI raised their price target on Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a research report on Thursday, August 8th. Roth Mkm increased their price target on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Barclays boosted their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Finally, 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 note on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $905.30.

About Costco Wholesale

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.