Accel Wealth Management Buys 24 Shares of Costco Wholesale Corporation $COST

Accel Wealth Management raised its stake in Costco Wholesale Corporation (NASDAQ:COST) by 3.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 700 shares of the retailer’s stock after buying an additional 24 shares during the period. Accel Wealth Management’s holdings in Costco Wholesale were worth $693,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in COST. Brighton Jones LLC grew its holdings in shares of 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 during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after purchasing an additional 130 shares during the period. Vest Financial LLC lifted its position in shares of Costco Wholesale by 961.7% in the 1st quarter. Vest Financial LLC now owns 23,146 shares of the retailer’s stock worth $21,891,000 after purchasing an additional 20,966 shares during the period. Signal Advisors Wealth LLC lifted its position in shares of Costco Wholesale by 52.8% in the 1st quarter. Signal Advisors Wealth LLC now owns 1,744 shares of the retailer’s stock worth $1,649,000 after purchasing an additional 603 shares during the period. Finally, Sovereign Financial Group Inc. lifted its position in shares of Costco Wholesale by 0.7% in the 1st quarter. Sovereign Financial Group Inc. now owns 1,727 shares of the retailer’s stock worth $1,634,000 after purchasing an additional 12 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $915.38 on Friday. The company has a 50 day moving average price of $953.54 and a 200-day moving average price of $971.61. Costco Wholesale Corporation has a 52 week low of $867.34 and a 52 week high of $1,078.23. The firm has a market capitalization of $405.95 billion, a PE ratio of 50.27, a P/E/G ratio of 5.55 and a beta of 0.98. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. During the same period in the previous year, the business posted $5.15 earnings per share. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, equities research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s payout ratio is 28.56%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday, September 26th. Oppenheimer reissued an “outperform” rating and set a $1,130.00 price target on shares of Costco Wholesale in a research report on Friday, September 26th. Sanford C. Bernstein lifted their price target on shares of Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Morgan Stanley lowered their price target on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Finally, DA Davidson reissued a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,067.19.

Insider Activity at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the sale, the executive vice president owned 5,774 shares of the company’s stock, valued at $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,981 shares of company stock worth $7,588,685. 0.18% of the stock is owned by company insiders.

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.