Costco Wholesale Co. (NASDAQ:COST) Stake Increased by MBM Wealth Consultants LLC

MBM Wealth Consultants LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.2% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 1,696 shares of the retailer’s stock after purchasing an additional 99 shares during the quarter. MBM Wealth Consultants LLC’s holdings in Costco Wholesale were worth $1,504,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Redmont Wealth Advisors LLC bought a new stake in shares of Costco Wholesale in the 1st quarter valued at approximately $32,000. Vima LLC bought a new stake in Costco Wholesale in the fourth quarter worth approximately $34,000. Financial Connections Group Inc. increased its stake in shares of Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares during the last quarter. Bank & Trust Co acquired a new position in shares of Costco Wholesale during the 2nd quarter worth $48,000. Finally, Ruedi Wealth Management Inc. raised its holdings in shares of Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after purchasing an additional 25 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the transaction, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Decker sold 620 shares of the company’s 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 sale, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,174 shares of company stock worth $7,097,624 over the last ninety days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $873.59 on Tuesday. The firm has a market capitalization of $387.29 billion, a P/E ratio of 54.13, a PEG ratio of 5.34 and a beta of 0.80. The business has a 50-day moving average of $875.41 and a 200-day moving average of $822.49. 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 1 year low of $540.23 and a 1 year high of $923.83.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same quarter last year, the firm posted $4.86 earnings per share. Costco Wholesale’s revenue was up 1.0% compared to the same quarter last year. On average, equities analysts anticipate that Costco Wholesale Co. will post 17.73 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Wall Street Analyst Weigh In

Several research firms have commented on COST. Oppenheimer increased their target price on shares of Costco Wholesale from $925.00 to $955.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Loop Capital boosted their price objective on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Barclays boosted their target price on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Roth Mkm boosted their price objective on Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Finally, Morgan Stanley lifted their price target on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $883.04.

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.