Pinnacle Wealth Management Advisory Group LLC Buys 91 Shares of Costco Wholesale Corporation $COST

Pinnacle Wealth Management Advisory Group LLC raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,463 shares of the retailer’s stock after buying an additional 91 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC’s holdings in Costco Wholesale were worth $5,408,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after purchasing an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after buying an additional 130 shares during the last quarter. Riversedge Advisors LLC grew its holdings in shares of Costco Wholesale by 9.7% during the first quarter. Riversedge Advisors LLC now owns 1,006 shares of the retailer’s stock valued at $951,000 after buying an additional 89 shares during the last quarter. Rational Advisors Inc. increased its position in shares of Costco Wholesale by 12.2% during the first quarter. Rational Advisors Inc. now owns 4,117 shares of the retailer’s stock valued at $3,894,000 after acquiring an additional 448 shares in the last quarter. Finally, Stillwater Wealth Management Group raised its holdings in Costco Wholesale by 4.2% in the 1st quarter. Stillwater Wealth Management Group now owns 4,439 shares of the retailer’s stock worth $4,198,000 after acquiring an additional 177 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In related news, insider Tiffany Marie Barbre sold 1,239 shares of Costco Wholesale stock in a transaction on Friday, October 24th. The stock was sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the transaction, the insider directly owned 5,155 shares in the company, valued at approximately $4,817,966.10. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 7,920 shares of company stock worth $7,373,175. 0.18% of the stock is owned by insiders.

Costco Wholesale Trading Down 0.1%

Shares of NASDAQ:COST opened at $922.74 on Friday. The stock has a market capitalization of $408.94 billion, a price-to-earnings ratio of 50.67, a PEG ratio of 5.54 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. The stock’s 50-day simple moving average is $938.12 and its two-hundred day simple moving average is $968.70. Costco Wholesale Corporation has a 52-week low of $871.71 and a 52-week high of $1,078.23.

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

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a $1.30 dividend. The ex-dividend date is Friday, October 31st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Wall Street Analyst Weigh In

Several brokerages have commented on COST. Mizuho cut their target price on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research note on Thursday, October 9th. JPMorgan Chase & Co. dropped their price objective on Costco Wholesale from $1,050.00 to $1,025.00 and set an “overweight” rating on the stock in a research report on Thursday. Citigroup reduced their price objective on Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating for the company in a report on Monday, September 29th. Sanford C. Bernstein lowered their target price on shares of Costco Wholesale from $1,140.00 to $1,134.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 4th. Finally, Oppenheimer dropped their price target on shares of Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating on the stock in a report on Monday, November 3rd. Nineteen investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,063.88.

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.