Radnor Capital Management LLC Purchases 910 Shares of Costco Wholesale Co. (NASDAQ:COST)

Radnor Capital Management LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 63.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,352 shares of the retailer’s stock after purchasing an additional 910 shares during the quarter. Radnor Capital Management LLC’s holdings in Costco Wholesale were worth $2,085,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of COST. Financial Connections Group Inc. increased its stake in shares of Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares during the last quarter. Bank & Trust Co purchased a new stake in shares of Costco Wholesale in the second quarter valued at approximately $48,000. Ruedi Wealth Management Inc. boosted its position in 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 purchasing an additional 25 shares in the last quarter. Summit Securities Group LLC acquired a new position in Costco Wholesale in the second quarter valued at $50,000. Finally, Fairway Wealth LLC boosted its position in shares of Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after buying an additional 46 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity

In related news, 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 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, 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 value of $1,266,866.88. Following the completion of the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 value of $431,940.00. Following the completion of the sale, the executive vice president now 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 ninety days, insiders have sold 12,636 shares of company stock valued at $11,238,510. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of several research reports. Stifel Nicolaus raised their price objective on Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. 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 research report on Friday, September 27th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. The Goldman Sachs Group lifted their target price on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Finally, TD Cowen boosted their price target on Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a report on Monday, September 30th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $905.30.

Costco Wholesale Price Performance

NASDAQ:COST opened at $890.17 on Wednesday. Costco Wholesale Co. has a 12-month low of $560.13 and a 12-month high of $923.83. The company’s 50-day moving average is $891.70 and its two-hundred day moving average is $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. The firm has a market cap of $394.41 billion, a price-to-earnings ratio of 53.72, a price-to-earnings-growth ratio of 5.40 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its 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. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter in the prior year, the company earned $4.86 EPS. The company’s revenue was up 1.0% on a year-over-year basis. Research analysts expect that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Announces Dividend

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 given a $1.16 dividend. This represents a $4.64 annualized dividend and a 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%.

Costco Wholesale Company 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.