IFG Advisors LLC Acquires 67 Shares of Costco Wholesale Co. (NASDAQ:COST)

IFG Advisors LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 1,087 shares of the retailer’s stock after acquiring an additional 67 shares during the period. IFG Advisors LLC’s holdings in Costco Wholesale were worth $964,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Moss Adams Wealth Advisors LLC boosted its holdings in Costco Wholesale by 7.6% during the third quarter. Moss Adams Wealth Advisors LLC now owns 4,129 shares of the retailer’s stock worth $3,661,000 after buying an additional 290 shares during the last quarter. Accurate Wealth Management LLC increased its position in shares of Costco Wholesale by 7.9% in the 3rd quarter. Accurate Wealth Management LLC now owns 1,081 shares of the retailer’s stock valued at $967,000 after buying an additional 79 shares in the last quarter. KMG Fiduciary Partners LLC raised its position in shares of Costco Wholesale by 93.4% during the third quarter. KMG Fiduciary Partners LLC now owns 10,165 shares of the retailer’s stock worth $9,012,000 after purchasing an additional 4,910 shares during the period. Net Worth Advisory Group acquired a new stake in Costco Wholesale during the 3rd quarter worth approximately $890,000. Finally, Stratos Wealth Advisors LLC lifted its stake in Costco Wholesale by 0.3% in the third quarter. Stratos Wealth Advisors LLC now owns 15,376 shares of the retailer’s stock valued at $13,631,000 after buying an additional 52 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In related news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the transaction, the executive vice president now owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was 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 link. In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the transaction, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now directly 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 position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,224 shares of company stock valued at $9,974,973. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Trading Up 0.5 %

COST stock opened at $889.56 on Friday. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The company has a market capitalization of $394.14 billion, a PE ratio of 53.69, a price-to-earnings-growth ratio of 5.48 and a beta of 0.80. The company’s 50-day simple moving average is $889.26 and its 200 day simple moving average is $832.21. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Costco Wholesale (NASDAQ:COST) last announced 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 for the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the prior year, the business posted $4.86 EPS. The business’s revenue was up 1.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 17.74 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $1.16 per share. The ex-dividend date is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. Costco Wholesale’s payout ratio is 28.00%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Wells Fargo & Company raised their price objective on Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Barclays upped their target price on Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Truist Financial downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a research note on Tuesday, September 24th. Finally, Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective on the stock in a research note on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $890.07.

Costco Wholesale 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.