HORAN Wealth LLC Makes New $541,000 Investment in Costco Wholesale Corporation $COST

HORAN Wealth LLC acquired a new position in Costco Wholesale Corporation (NASDAQ:COST) in the 2nd quarter, Holdings Channel reports. The institutional investor acquired 547 shares of the retailer’s stock, valued at approximately $541,000.

Several other hedge funds and other institutional investors have also bought and sold shares of COST. Brighton Jones LLC increased its holdings in Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares during the period. Revolve Wealth Partners LLC increased its holdings in Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after buying an additional 130 shares during the period. Silverlake Wealth Management LLC increased its holdings in Costco Wholesale by 4.6% in the 1st quarter. Silverlake Wealth Management LLC now owns 2,352 shares of the retailer’s stock valued at $2,225,000 after buying an additional 104 shares during the period. Peterson Wealth Advisors LLC increased its holdings in Costco Wholesale by 28.3% in the 1st quarter. Peterson Wealth Advisors LLC now owns 571 shares of the retailer’s stock valued at $518,000 after buying an additional 126 shares during the period. Finally, New Insight Wealth Advisors increased its holdings in Costco Wholesale by 14.2% in the 1st quarter. New Insight Wealth Advisors now owns 338 shares of the retailer’s stock valued at $319,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on COST shares. The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a report on Friday, September 26th. DA Davidson reaffirmed a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Wolfe Research assumed coverage on shares of Costco Wholesale in a report on Thursday, September 18th. They set a “peer perform” rating on the stock. Sanford C. Bernstein decreased their price target on shares of Costco Wholesale from $1,140.00 to $1,134.00 and set an “outperform” rating on the stock in a report on Tuesday. Finally, Daiwa Capital Markets decreased their price target on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a report on Tuesday, September 30th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $1,064.85.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the sale, the executive vice president directly owned 9,740 shares in the company, valued at $8,912,100. This trade represents a 25.77% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claudine Adamo sold 2,700 shares of Costco Wholesale stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the sale, the executive vice president owned 6,851 shares in the company, valued at approximately $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 7,920 shares of company stock valued at $7,373,175 in the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Down 0.6%

NASDAQ:COST opened at $935.03 on Thursday. The firm’s 50 day simple moving average is $938.96 and its 200 day simple moving average is $969.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. Costco Wholesale Corporation has a one year low of $871.71 and a one year high of $1,078.23. The company has a market cap of $414.39 billion, a PE ratio of 51.35, a P/E/G ratio of 5.54 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. During the same period last year, the company earned $5.15 EPS. The firm’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a dividend of $1.30 per share. The ex-dividend date is Friday, October 31st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.56%.

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.