Triad Wealth Partners LLC Purchases Shares of 426 Costco Wholesale Co. (NASDAQ:COST)

Triad Wealth Partners LLC purchased a new stake in Costco Wholesale Co. (NASDAQ:COST) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 426 shares of the retailer’s stock, valued at approximately $362,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Costco Wholesale by 1.2% during the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock valued at $29,916,118,000 after acquiring an additional 473,702 shares in the last quarter. Norges Bank bought a new stake in Costco Wholesale during the fourth quarter worth $3,628,694,000. Capital World Investors grew its holdings in Costco Wholesale by 8.1% during the first quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after buying an additional 285,533 shares in the last quarter. Fisher Asset Management LLC grew its holdings in Costco Wholesale by 3.2% during the fourth quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer’s stock worth $1,844,581,000 after buying an additional 85,398 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in Costco Wholesale by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,657,994 shares of the retailer’s stock worth $1,754,489,000 after buying an additional 77,345 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

COST traded down $6.76 during trading on Friday, reaching $870.59. 1,514,722 shares of the company were exchanged, compared to its average volume of 1,987,382. The company’s 50-day moving average is $848.44 and its two-hundred day moving average is $781.98. The company has a market cap of $385.96 billion, a price-to-earnings ratio of 53.94, a P/E/G ratio of 5.73 and a beta of 0.78. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 12-month low of $530.56 and a 12-month high of $896.67.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. The business had revenue of $58.52 billion for the quarter, compared to analyst estimates of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $3.43 EPS. Research analysts forecast that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a yield of 0.53%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Analyst Upgrades and Downgrades

COST has been the subject of several recent research reports. Loop Capital upped their price target on Costco Wholesale from $940.00 to $970.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Citigroup upped their price target on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. TD Cowen raised their target price on Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Barclays boosted their price target on shares of Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Finally, Stifel Nicolaus lifted their price objective on shares of Costco Wholesale from $900.00 to $950.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $824.50.

Insiders Place Their Bets

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the transaction, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the transaction, the executive vice president now owns 23,800 shares in the company, valued at $20,560,344. The disclosure for this sale can be found here. Insiders have sold 4,970 shares of company stock worth $4,249,526 in the last ninety days. 0.18% of the stock is currently owned by insiders.

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.