FSM Wealth Advisors LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

FSM Wealth Advisors LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,109 shares of the retailer’s stock after buying an additional 110 shares during the period. Costco Wholesale accounts for about 0.7% of FSM Wealth Advisors LLC’s holdings, making the stock its 29th largest holding. FSM Wealth Advisors LLC’s holdings in Costco Wholesale were worth $2,756,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Financial Connections Group Inc. increased its position in shares of Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares in the last quarter. Bank & Trust Co acquired a new position in Costco Wholesale in the 2nd quarter valued at about $48,000. Ruedi Wealth Management Inc. increased 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 during the period. Summit Securities Group LLC acquired a new position in Costco Wholesale in the 2nd quarter valued at about $50,000. Finally, Fairway Wealth LLC increased its position in Costco Wholesale by 230.0% in the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after acquiring an additional 46 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Trading Up 1.0 %

Shares of COST opened at $886.07 on Tuesday. 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 $392.59 billion, a P/E ratio of 53.47, a price-to-earnings-growth ratio of 5.40 and a beta of 0.80. The stock’s fifty day simple moving average is $892.07 and its 200 day simple moving average is $847.07. Costco Wholesale Co. has a twelve month low of $560.13 and a twelve month high of $923.83.

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

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on COST. Deutsche Bank Aktiengesellschaft boosted their price target on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Redburn Atlantic lowered Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. Melius Research initiated coverage on Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective on the stock. Truist Financial lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective on the stock. in a report on Tuesday, September 24th. Finally, Roth Mkm lifted their price objective on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $905.30.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at $20,015,745. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the sale, the executive vice president now directly owns 22,900 shares in the company, valued at $20,015,745. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now owns 11,775 shares of the company’s stock, 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 have sold 12,636 shares of company stock valued at $11,238,510 over the last three months. 0.18% of the stock is owned by company insiders.

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.