Precision Wealth Strategies LLC Purchases 319 Shares of Costco Wholesale Co. (NASDAQ:COST)

Precision Wealth Strategies LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,450 shares of the retailer’s stock after buying an additional 319 shares during the period. Costco Wholesale accounts for 2.0% of Precision Wealth Strategies LLC’s investment portfolio, making the stock its 12th largest position. Precision Wealth Strategies LLC’s holdings in Costco Wholesale were worth $2,172,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the first quarter worth $32,000. Financial Connections Group Inc. boosted its stake in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares during the period. Bank & Trust Co purchased a new position in Costco Wholesale during the 2nd quarter valued at about $48,000. Ruedi Wealth Management Inc. grew its holdings in Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after buying an additional 25 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in shares of Costco Wholesale during the second quarter valued at about $50,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Morgan Stanley upped their price target on shares of Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Bank of America increased their price objective on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. BMO Capital Markets restated an “outperform” rating and set a $980.00 target price (up from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Finally, Sanford C. Bernstein began coverage on Costco Wholesale in a research report on Tuesday. They set an “outperform” rating and a $1,016.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $894.57.

Insiders Place Their Bets

In related news, EVP Russell D. Miller sold 4,400 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the transaction, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. This 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 through this hyperlink. In other news, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now owns 11,775 shares in the company, valued at $10,320,787.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,224 shares of company stock worth $9,974,973. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Down 0.3 %

Shares of NASDAQ COST opened at $886.77 on Tuesday. The firm’s fifty day moving average is $889.73 and its 200 day moving average is $835.23. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The company has a market cap of $393.14 billion, a price-to-earnings ratio of 54.94, a PEG ratio of 5.48 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 2.90% and a return on equity of 31.05%. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $4.86 earnings per share. On average, equities research analysts expect that Costco Wholesale Co. will post 17.74 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. Costco Wholesale’s dividend payout ratio is presently 28.75%.

About Costco Wholesale

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.