JNBA Financial Advisors decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 5.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 282 shares of the retailer’s stock after selling 16 shares during the period. JNBA Financial Advisors’ holdings in Costco Wholesale were worth $250,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Financial Connections Group Inc. lifted its holdings in Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Bank & Trust Co acquired a new stake in shares of Costco Wholesale in the second quarter valued at $48,000. Ruedi Wealth Management Inc. grew its holdings in Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after acquiring an additional 25 shares during the last quarter. Summit Securities Group LLC acquired a new stake in Costco Wholesale in the 2nd quarter valued at about $50,000. Finally, Fairway Wealth LLC lifted its position in shares of 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 in the last quarter. 68.48% of the stock is currently owned by institutional investors.
Costco Wholesale Trading Up 1.0 %
NASDAQ COST opened at $899.25 on Thursday. The company has a market cap of $398.43 billion, a PE ratio of 54.27, a PEG ratio of 5.45 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 12 month low of $562.01 and a 12 month high of $923.83. The stock has a 50 day moving average of $891.92 and a 200-day moving average of $848.69.
Costco Wholesale Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.
Insider Activity at Costco Wholesale
In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now owns 11,775 shares in the company, valued at $10,320,787.50. This trade represents 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. In related news, Director Susan L. Decker sold 620 shares of the firm’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 in the company, valued at approximately $10,320,787.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was 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 in the company, valued at $20,015,745. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,636 shares of company stock worth $11,238,510. Company insiders own 0.18% of the company’s stock.
Analysts Set New Price Targets
COST has been the subject of several research analyst reports. BMO Capital Markets restated an “outperform” rating and issued a $980.00 price objective (up previously from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a research note on Monday. Stifel Nicolaus raised their price objective on shares of Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Loop Capital increased their price target on Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Barclays upped 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. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $905.30.
View Our Latest Analysis on COST
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.
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