GM Advisory Group LLC Purchases 209 Shares of Costco Wholesale Co. (NASDAQ:COST)

GM Advisory Group LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 6.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,620 shares of the retailer’s stock after acquiring an additional 209 shares during the period. GM Advisory Group LLC’s holdings in Costco Wholesale were worth $3,209,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Financial Connections Group Inc. lifted its stake in shares of Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares in the last quarter. Bank & Trust Co bought a new position in Costco Wholesale in the 2nd quarter valued at about $48,000. Ruedi Wealth Management Inc. lifted its position in Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after acquiring an additional 25 shares in the last quarter. Summit Securities Group LLC bought a new position in Costco Wholesale in the 2nd quarter valued at about $50,000. Finally, Fairway Wealth LLC lifted its holdings in shares of Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after purchasing an additional 46 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the transaction, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. The trade was a 27.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the sale, the executive vice president now owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This trade represents a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,016 shares of company stock valued at $9,826,115. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on COST shares. Redburn Atlantic lowered Costco Wholesale from a “buy” rating to a “neutral” rating and raised their target price for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. TD Cowen raised their price objective on Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Stifel Nicolaus raised their price target on shares of Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a research report on Thursday, October 10th. Gordon Haskett raised 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 report on Thursday, August 8th. Finally, BMO Capital Markets lifted their target price on shares of Costco Wholesale from $980.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Monday. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $908.81.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $958.25 on Friday. 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 Co. has a 52-week low of $582.83 and a 52-week high of $962.00. The firm has a market cap of $424.57 billion, a price-to-earnings ratio of 57.83, a PEG ratio of 5.74 and a beta of 0.80. The business’s fifty day moving average is $900.22 and its 200 day moving average is $863.38.

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

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 28.00%.

Costco Wholesale 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.