Costco Wholesale Co. (NASDAQ:COST) Shares Bought by IHT Wealth Management LLC

18 days ago

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Costco Wholesale Co NASDAQCOST Shares Bought by IHT Wealth Management
LLC

IHT Wealth Management LLC grew its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 8.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional

IHT Wealth Management LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 8.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,559 shares of the retailer's stock after acquiring an additional 823 shares during the quarter. IHT Wealth Management LLC's holdings in Costco Wholesale were worth $9,358,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of COST. International Assets Investment Management LLC grew its holdings in Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer's stock worth $6,534,464,000 after acquiring an additional 7,364,453 shares during the period. Wulff Hansen & CO. increased its holdings in Costco Wholesale by 99,208.6% in the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer's stock valued at $1,253,508,000 after purchasing an additional 1,473,248 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Costco Wholesale by 287.3% in the second quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer's stock valued at $710,802,000 after buying an additional 620,341 shares during the period. Strategic Financial Concepts LLC boosted its holdings in Costco Wholesale by 51,747.5% during the second quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer's stock worth $5,266,000 after buying an additional 618,383 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Costco Wholesale by 28.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer's stock worth $1,307,363,000 after buying an additional 338,780 shares during the period. 68.48% of the stock is owned by institutional investors.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction dated Monday, September 30th. The shares were 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 in the company, valued at $7,671,983.70. This represents a 27.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of the business's stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the transaction, the executive vice president now owns 10,202 shares of the company's stock, valued at $9,091,512.30. The trade was a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,016 shares of company stock valued at $9,826,115. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

NASDAQ COST traded up $7.15 during trading on Tuesday, reaching $982.15. 1,651,875 shares of the company's stock were exchanged, compared to its average volume of 1,925,706. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a fifty-two week low of $591.46 and a fifty-two week high of $983.00. The business has a 50 day moving average price of $910.39 and a 200-day moving average price of $875.27. The stock has a market capitalization of $435.16 billion, a P/E ratio of 59.27, a PEG ratio of 6.02 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $79.91 billion. During the same period last year, the business posted $4.86 earnings per share. The business's revenue for the quarter was up 1.0% compared to the same quarter last year. Sell-side analysts forecast that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. Costco Wholesale's payout ratio is presently 28.00%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley increased their price target on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an "overweight" rating in a research report on Monday, September 9th. Melius Research assumed coverage on shares of Costco Wholesale in a research report on Monday, September 23rd. They set a "hold" rating and a $950.00 price target on the stock. BMO Capital Markets upped their price objective on shares of Costco Wholesale from $980.00 to $1,075.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Evercore ISI raised their price objective on Costco Wholesale from $985.00 to $990.00 and gave the stock an "outperform" rating in a research note on Thursday, October 10th. Finally, DA Davidson reissued a "neutral" rating and issued a $880.00 target price on shares of Costco Wholesale in a research note on Thursday, October 10th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $908.81.

Check Out Our Latest Stock Report on Costco Wholesale

Costco Wholesale Company Profile

(Free Report)

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.