PDS Planning Inc Purchases 793 Shares of Costco Wholesale Corporation $COST

PDS Planning Inc increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 27.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,675 shares of the retailer’s stock after acquiring an additional 793 shares during the quarter. PDS Planning Inc’s holdings in Costco Wholesale were worth $3,639,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of COST. Brighton Jones LLC increased its position in shares of Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC grew its stake in Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after acquiring an additional 130 shares during the period. GAMMA Investing LLC grew its stake in Costco Wholesale by 12.6% in the first quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock valued at $8,160,000 after acquiring an additional 966 shares during the period. Compagnie Lombard Odier SCmA grew its stake in Costco Wholesale by 16.6% in the first quarter. Compagnie Lombard Odier SCmA now owns 407 shares of the retailer’s stock valued at $385,000 after acquiring an additional 58 shares during the period. Finally, Thomasville National Bank lifted its holdings in shares of Costco Wholesale by 2.2% during the 1st quarter. Thomasville National Bank now owns 850 shares of the retailer’s stock valued at $804,000 after purchasing an additional 18 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,981 shares of company stock valued at $7,588,685. 0.18% of the stock is owned by insiders.

Costco Wholesale Trading Down 1.4%

Shares of NASDAQ:COST opened at $930.01 on Friday. The company’s 50-day moving average price is $952.05 and its two-hundred day moving average price is $971.48. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23. The stock has a market capitalization of $412.16 billion, a PE ratio of 51.07, a price-to-earnings-growth ratio of 5.72 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The business had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.Costco Wholesale’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.15 earnings per share. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio is presently 28.56%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Wednesday, September 24th. Daiwa Capital Markets lowered their price objective on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. Roth Capital set a $907.00 price objective on shares of Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday, September 26th. DA Davidson reaffirmed a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a research note on Friday, September 26th. Finally, Argus upped their target price on shares of Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,066.23.

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.