Tyler Stone Wealth Management Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Tyler Stone Wealth Management boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 81.4% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,199 shares of the retailer’s stock after acquiring an additional 538 shares during the quarter. Tyler Stone Wealth Management’s holdings in Costco Wholesale were worth $1,063,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COST. Resurgent Financial Advisors LLC raised its stake in shares of Costco Wholesale by 1.0% in the first quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock valued at $1,004,000 after acquiring an additional 14 shares in the last quarter. China Universal Asset Management Co. Ltd. raised its position in Costco Wholesale by 22.3% in 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 purchasing an additional 1,408 shares in the last quarter. NorthRock Partners LLC boosted its stake in shares of Costco Wholesale by 18.2% in the 1st quarter. NorthRock Partners LLC now owns 6,855 shares of the retailer’s stock valued at $5,022,000 after buying an additional 1,054 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Costco Wholesale by 2,358.9% during the first quarter. Meeder Asset Management Inc. now owns 18,712 shares of the retailer’s stock worth $13,709,000 after buying an additional 17,951 shares during the period. Finally, Meeder Advisory Services Inc. raised its holdings in Costco Wholesale by 7.0% in the first quarter. Meeder Advisory Services Inc. now owns 5,894 shares of the retailer’s stock valued at $4,318,000 after acquiring an additional 388 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the sale, the executive vice president now owns 23,800 shares of the company’s stock, valued at $20,560,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the sale, the executive vice president now directly owns 23,800 shares in the company, valued at $20,560,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. 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 valued at $11,238,510. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on COST shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. BMO Capital Markets reaffirmed an “outperform” rating and set a $980.00 price target (up from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Barclays increased their price objective on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. TD Cowen boosted their target price on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Finally, Wells Fargo & Company upped their price target on Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $905.30.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock traded up $29.87 on Friday, reaching $943.80. 3,277,090 shares of the stock were exchanged, compared to its average volume of 1,929,356. 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 has a market capitalization of $418.17 billion, a PE ratio of 56.96, a PEG ratio of 5.53 and a beta of 0.80. Costco Wholesale Co. has a 1-year low of $562.01 and a 1-year high of $962.00. The business has a fifty day moving average price of $893.49 and a two-hundred day moving average price of $850.73.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. During the same period in the previous year, the business earned $4.86 earnings per share. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, research analysts anticipate that Costco Wholesale Co. will post 17.75 earnings per share 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. Shareholders of record on Friday, November 1st will be given a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s payout ratio is currently 28.00%.

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.