Verde Capital Management Purchases 1,029 Shares of Costco Wholesale Co. (NASDAQ:COST)

Verde Capital Management lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 246.8% in the third quarter, HoldingsChannel.com reports. The fund owned 1,446 shares of the retailer’s stock after buying an additional 1,029 shares during the period. Verde Capital Management’s holdings in Costco Wholesale were worth $1,282,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Wealth Alliance Advisory Group LLC boosted its stake in Costco Wholesale by 6.3% in the third quarter. Wealth Alliance Advisory Group LLC now owns 1,408 shares of the retailer’s stock valued at $1,248,000 after buying an additional 84 shares in the last quarter. McBroom & Associates LLC boosted its stake in shares of Costco Wholesale by 1.2% in the 3rd quarter. McBroom & Associates LLC now owns 11,584 shares of the retailer’s stock valued at $10,269,000 after purchasing an additional 140 shares in the last quarter. Warren Street Wealth Advisors LLC grew its holdings in shares of Costco Wholesale by 2.5% during the 3rd quarter. Warren Street Wealth Advisors LLC now owns 484 shares of the retailer’s stock valued at $429,000 after purchasing an additional 12 shares during the last quarter. WestHill Financial Advisors Inc. increased its position in Costco Wholesale by 328.4% during the 3rd quarter. WestHill Financial Advisors Inc. now owns 1,435 shares of the retailer’s stock worth $1,272,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Whitaker Myers Wealth Managers LTD. bought a new position in Costco Wholesale in the 3rd quarter valued at approximately $362,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the sale, the executive vice president now owns 23,800 shares in the company, valued at approximately $20,560,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the transaction, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. 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 available through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale 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 transaction, the executive vice president now directly owns 23,800 shares in the company, valued at approximately $20,560,344. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,224 shares of company stock valued at $9,974,973 over the last ninety days. 0.18% of the stock is owned by company insiders.

Costco Wholesale Trading Up 0.5 %

NASDAQ:COST opened at $889.56 on Monday. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. 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 stock has a market capitalization of $394.37 billion, a price-to-earnings ratio of 55.12, a PEG ratio of 5.48 and a beta of 0.80. The firm has a fifty day simple moving average of $889.26 and a two-hundred day simple moving average of $833.95.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $79.91 billion. During the same period last year, the business posted $4.86 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts expect that Costco Wholesale Co. will post 17.74 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio is 28.75%.

Analyst Upgrades and Downgrades

COST has been the topic of a number of research reports. Roth Mkm boosted their target price on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a research note on Friday, September 27th. TD Cowen upped their target price on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Oppenheimer lifted their price target on Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective for the company in a research note on Thursday, August 8th. Finally, Truist Financial downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price on the stock. in a research report on Tuesday, September 24th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $890.07.

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.