Klingman & Associates LLC Purchases 2,037 Shares of Costco Wholesale Co. (NASDAQ:COST)

Klingman & Associates LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 181.7% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 3,158 shares of the retailer’s stock after acquiring an additional 2,037 shares during the period. Klingman & Associates LLC’s holdings in Costco Wholesale were worth $2,800,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Resurgent Financial Advisors LLC grew its position in shares of Costco Wholesale by 1.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock worth $1,004,000 after buying an additional 14 shares during the period. China Universal Asset Management Co. Ltd. increased its position in Costco Wholesale by 22.3% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock valued at $5,655,000 after buying an additional 1,408 shares in the last quarter. Empowered Funds LLC lifted its position in Costco Wholesale by 47.9% in the 1st quarter. Empowered Funds LLC now owns 8,507 shares of the retailer’s stock valued at $6,232,000 after acquiring an additional 2,757 shares in the last quarter. 49 Wealth Management LLC lifted its holdings in shares of Costco Wholesale by 7.0% during the first quarter. 49 Wealth Management LLC now owns 700 shares of the retailer’s stock valued at $505,000 after purchasing an additional 46 shares in the last quarter. Finally, WealthPLAN Partners LLC raised its position in Costco Wholesale by 6.1% in the 1st quarter. WealthPLAN Partners LLC now owns 14,711 shares of the retailer’s stock worth $10,778,000 after buying an additional 849 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 3.3 %

Shares of Costco Wholesale stock opened at $943.80 on Friday. Costco Wholesale Co. has a twelve month low of $562.01 and a twelve month high of $962.00. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm’s 50-day moving average price is $893.49 and its 200 day moving average price is $850.73. The firm has a market capitalization of $418.17 billion, a PE ratio of 56.96, a P/E/G ratio of 5.53 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $4.86 earnings per share. On average, sell-side analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $1.16 per share. The ex-dividend date is Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s payout ratio is 28.00%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 target price on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a research note on Monday, November 4th. Wells Fargo & Company raised their price objective on Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Stifel Nicolaus upped their price objective on Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Finally, Tigress Financial reissued a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $905.30.

Insider Buying and Selling

In other news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. This trade 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 the SEC website. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the transaction, the executive vice president now owns 22,900 shares of the company’s stock, valued at $20,015,745. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,636 shares of company stock worth $11,238,510. Company insiders own 0.18% of the company’s stock.

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.