Vigilare Wealth Management Acquires 50 Shares of Costco Wholesale Co. (NASDAQ:COST)

Vigilare Wealth Management raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 2,649 shares of the retailer’s stock after acquiring an additional 50 shares during the quarter. Costco Wholesale comprises 0.9% of Vigilare Wealth Management’s holdings, making the stock its 19th biggest holding. Vigilare Wealth Management’s holdings in Costco Wholesale were worth $2,349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Financial Connections Group Inc. lifted its position in shares of Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares in the last quarter. Bank & Trust Co purchased a new stake in shares of Costco Wholesale during the second quarter worth $48,000. Ruedi Wealth Management Inc. lifted its position in shares of 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 acquiring an additional 25 shares in the last quarter. Summit Securities Group LLC purchased a new stake in shares of Costco Wholesale during the second quarter worth $50,000. Finally, Fairway Wealth LLC lifted its position in shares of Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after acquiring an additional 46 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Up 0.4 %

Shares of NASDAQ:COST opened at $877.31 on Friday. 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 12-month low of $552.01 and a 12-month high of $923.83. The stock’s 50-day moving average price is $892.20 and its 200-day moving average price is $844.03. The stock has a market capitalization of $388.71 billion, a P/E ratio of 52.95, a price-to-earnings-growth ratio of 5.41 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last released its 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 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 analyst estimates of $79.91 billion. During the same period last year, the business earned $4.86 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. On average, equities analysts anticipate that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced 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 is Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. Costco Wholesale’s payout ratio is 28.00%.

Insider Activity

In related news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 10,210 shares in the company, valued at $9,155,409.10. The trade was 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. In related news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction that occurred 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 directly owns 8,630 shares in the company, valued at $7,671,983.70. The trade was 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, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction 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 approximately $9,155,409.10. The trade was 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 sold 12,636 shares of company stock worth $11,238,510. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on COST. Stifel Nicolaus increased their target price on Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Oppenheimer increased their price objective on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Redburn Atlantic downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Ten investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $894.57.

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.