Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 2.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 20,817 shares of the retailer’s stock after purchasing an additional 514 shares during the period. Costco Wholesale comprises approximately 4.2% of Independent Solutions Wealth Management LLC’s holdings, making the stock its 2nd biggest holding. Independent Solutions Wealth Management LLC’s holdings in Costco Wholesale were worth $18,454,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in COST. MN Wealth Advisors LLC lifted its holdings in Costco Wholesale by 2.9% during the 2nd quarter. MN Wealth Advisors LLC now owns 676 shares of the retailer’s stock worth $575,000 after buying an additional 19 shares in the last quarter. &PARTNERS boosted its holdings in Costco Wholesale by 344.8% in the second quarter. &PARTNERS now owns 16,917 shares of the retailer’s stock valued at $14,386,000 after acquiring an additional 13,114 shares during the last quarter. My Legacy Advisors LLC acquired a new stake in Costco Wholesale in the second quarter worth about $2,723,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors raised its holdings in Costco Wholesale by 2.6% during the 2nd quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 3,535 shares of the retailer’s stock worth $3,005,000 after purchasing an additional 89 shares during the last quarter. Finally, JB Capital LLC lifted its position in Costco Wholesale by 6.4% during the 2nd quarter. JB Capital LLC now owns 828 shares of the retailer’s stock valued at $704,000 after purchasing an additional 50 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In other news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction dated 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 directly owns 10,202 shares of the company’s stock, valued at $9,091,512.30. The trade was a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,016 shares of company stock worth $9,826,115 in the last quarter. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST traded down $3.26 during trading on Thursday, reaching $961.48. The company’s stock had a trading volume of 1,173,977 shares, compared to its average volume of 1,932,355. Costco Wholesale Co. has a 12 month low of $640.51 and a 12 month high of $1,008.25. The firm has a 50 day moving average price of $932.17 and a 200 day moving average price of $888.75. The firm has a market capitalization of $426.01 billion, a price-to-earnings ratio of 56.46, a price-to-earnings-growth ratio of 6.02 and a beta of 0.82. 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 (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.10. Costco Wholesale had a return on equity of 33.19% and a net margin of 2.93%. 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 company posted $4.86 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that Costco Wholesale Co. will post 17.83 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $1.16 per share. The ex-dividend date was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s payout ratio is 27.25%.

Wall Street Analyst Weigh In

Several analysts recently commented on COST shares. Melius Research initiated coverage on Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective on the stock. Evercore ISI raised their price target on Costco Wholesale from $1,019.00 to $1,020.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Oppenheimer reiterated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Raymond James raised their target price on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a report on Thursday, December 12th. Finally, Robert W. Baird increased their price objective on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Thursday, December 5th. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $997.75.

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.