Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.3% during the 3rd quarter, Holdings Channel reports. The fund owned 3,629 shares of the retailer’s stock after purchasing an additional 82 shares during the quarter. Lindbrook Capital LLC’s holdings in Costco Wholesale were worth $3,217,000 as of its most recent SEC filing.

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

Costco Wholesale Price Performance

Costco Wholesale stock opened at $943.80 on Friday. The company has a market cap of $418.17 billion, a P/E ratio of 56.96, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. Costco Wholesale Co. has a one year low of $562.01 and a one year high of $962.00. The business has a fifty day moving average of $893.49 and a two-hundred day moving average of $850.73. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter last year, the business earned $4.86 earnings per share. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, analysts predict that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

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

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the company’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 sale, the executive vice president now owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Costco Wholesale news, 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 transaction of $437,025.00. Following the completion of the transaction, the executive vice president now owns 22,900 shares in the company, valued at approximately $20,015,745. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares in the company, valued at $10,320,787.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,636 shares of company stock valued at $11,238,510 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on COST shares. Stifel Nicolaus raised their target price on Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. The Goldman Sachs Group raised their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Redburn Atlantic cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and upped their target price for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a research note on Thursday, August 8th. Finally, Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target for the company. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $905.30.

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.