Integrity Financial Corp WA Has $835,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Integrity Financial Corp WA cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 942 shares of the retailer’s stock after selling 82 shares during the period. Integrity Financial Corp WA’s holdings in Costco Wholesale were worth $835,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Raleigh Capital Management Inc. raised its holdings in Costco Wholesale by 9.4% in the 3rd quarter. Raleigh Capital Management Inc. now owns 406 shares of the retailer’s stock valued at $360,000 after buying an additional 35 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in shares of Costco Wholesale by 5.6% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 31,656 shares of the retailer’s stock worth $28,063,000 after acquiring an additional 1,680 shares in the last quarter. Whittier Trust Co. lifted its stake in shares of Costco Wholesale by 1.4% in the 3rd quarter. Whittier Trust Co. now owns 59,331 shares of the retailer’s stock valued at $52,598,000 after purchasing an additional 799 shares during the period. Stewardship Advisors LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $473,000. Finally, Western Financial Corp CA grew its stake in Costco Wholesale by 63.4% during the third quarter. Western Financial Corp CA now owns 2,329 shares of the retailer’s stock worth $2,065,000 after purchasing an additional 904 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COST has been the topic of several recent analyst reports. The Goldman Sachs Group boosted their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. TD Cowen raised their price target on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Wells Fargo & Company raised their target price on Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Oppenheimer lifted their price target on shares of Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $980.00 target price (up previously from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $894.57.

Insider Buying and Selling

In other news, EVP Pierre Riel sold 2,000 shares of the 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 sale, the executive vice president now owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the transaction, the executive vice president now owns 23,800 shares in the company, valued at $20,560,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the sale, the executive vice president now owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,224 shares of company stock worth $9,974,973 in the last ninety days. 0.18% of the stock is owned by insiders.

Costco Wholesale Trading Down 0.3 %

Shares of COST stock opened at $886.77 on Tuesday. The firm has a market cap of $393.14 billion, a P/E ratio of 54.94, a price-to-earnings-growth ratio of 5.48 and a beta of 0.80. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The business has a 50-day moving average price of $889.73 and a two-hundred day moving average price of $835.23. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter last year, the company earned $4.86 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. Equities analysts anticipate that Costco Wholesale Co. will post 17.74 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio is presently 28.75%.

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.