Abound Wealth Management Has $712,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

Abound Wealth Management increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 777 shares of the retailer’s stock after purchasing an additional 18 shares during the quarter. Abound Wealth Management’s holdings in Costco Wholesale were worth $712,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the third quarter worth $29,000. Fairway Wealth LLC boosted its holdings in Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after purchasing an additional 46 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale during the third quarter worth $58,000. Christopher J. Hasenberg Inc boosted its holdings in Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares during the last quarter. Finally, VitalStone Financial LLC acquired a new position in Costco Wholesale during the third quarter worth $71,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

COST stock opened at $924.70 on Tuesday. 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 Co. has a 12 month low of $675.96 and a 12 month high of $1,008.25. The firm has a market cap of $410.47 billion, a P/E ratio of 54.30, a P/E/G ratio of 6.02 and a beta of 0.84. The company’s 50-day moving average price is $948.69 and its two-hundred day moving average price is $899.73.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COST. BMO Capital Markets increased their price target on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. The Goldman Sachs Group increased their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. DA Davidson increased their price target on shares of Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research note on Friday, December 13th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday, January 9th. Finally, Raymond James increased their price target on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research note on Thursday, December 12th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.