Triad Wealth Partners LLC Grows Stock Position in Costco Wholesale Corporation $COST

Key Points

• Triad Wealth Partners LLC increased its stake in Costco Wholesale by 39.3% during the 2nd quarter, bringing its total shares to 1,089, valued at approximately $1,078,000.
• Multiple analysts have adjusted their price targets for Costco, with Daiwa Capital Markets lowering its target from $1,005 to $947, while Morgan Stanley reduced its target from $1,225 to $1,130.
• Costco recently announced a quarterly dividend of $1.30 per share, with an annualized yield of 0.6%, and reported a 8.1% year-over-year revenue growth in its latest earnings.

Triad Wealth Partners LLC grew its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 39.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,089 shares of the retailer's stock after acquiring an additional 307 shares during the quarter. Triad Wealth Partners LLC's holdings in Costco Wholesale were worth $1,078,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Personal CFO Solutions LLC lifted its position in shares of Costco Wholesale by 12.4% in the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock valued at $1,436,000 after acquiring an additional 167 shares in the last quarter. F&V Capital Management LLC purchased a new position in shares of Costco Wholesale in the first quarter valued at approximately $236,000. Graybill Wealth Management LTD. purchased a new position in shares of Costco Wholesale in the first quarter valued at approximately $3,095,000. Rossmore Private Capital increased its holdings in shares of Costco Wholesale by 0.9% in the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer's stock valued at $6,325,000 after purchasing an additional 62 shares during the last quarter. Finally, Curat Global LLC acquired a new stake in shares of Costco Wholesale in the first quarter valued at approximately $241,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Daiwa Capital Markets cut their price target on Costco Wholesale from $1,005.00 to $947.00 and set a "neutral" rating for the company in a report on Tuesday. Morgan Stanley cut their price target on Costco Wholesale from $1,225.00 to $1,130.00 and set an "overweight" rating for the company in a report on Friday, September 26th. DA Davidson reaffirmed a "neutral" rating and issued a $1,000.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Roth Capital set a $907.00 price target on Costco Wholesale and gave the company a "neutral" rating in a report on Friday, September 26th. Finally, Wolfe Research assumed coverage on Costco Wholesale in a report on Thursday, September 18th. They issued a "peer perform" rating for the company. Eighteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company's stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of "Moderate Buy" and an average price target of $1,067.19.

Insider Activity at Costco Wholesale

In related news, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the transaction, the executive vice president directly owned 5,774 shares in the company, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares of the company's stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,981 shares of company stock worth $7,588,685. Company insiders own 0.18% of the company's stock.

Costco Wholesale Trading Down 0.1%

Shares of NASDAQ COST opened at $916.77 on Friday. Costco Wholesale Corporation has a twelve month low of $867.34 and a twelve month high of $1,078.23. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $953.95 and a 200-day simple moving average of $971.03. The stock has a market capitalization of $406.57 billion, a PE ratio of 50.34, a PEG ratio of 5.56 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating analysts' consensus estimates of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to analysts' expectations of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company's revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $5.15 earnings per share. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $1.30 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale's dividend payout ratio (DPR) is 28.56%.

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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