Costco Wholesale Co. (NASDAQ:COST) Stake Increased by Jaffetilchin Investment Partners LLC

Jaffetilchin Investment Partners LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,892 shares of the retailer’s stock after buying an additional 244 shares during the quarter. Jaffetilchin Investment Partners LLC’s holdings in Costco Wholesale were worth $3,450,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of COST. Resurgent Financial Advisors LLC increased its holdings in Costco Wholesale by 1.0% in the first quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock worth $1,004,000 after buying an additional 14 shares during the last quarter. China Universal Asset Management Co. Ltd. raised its holdings in Costco Wholesale by 22.3% during the first quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock valued at $5,655,000 after buying an additional 1,408 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Costco Wholesale by 12.0% during the 1st quarter. Avantax Advisory Services Inc. now owns 33,539 shares of the retailer’s stock worth $24,572,000 after acquiring an additional 3,588 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its holdings in shares of Costco Wholesale by 0.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 97,411 shares of the retailer’s stock valued at $71,366,000 after acquiring an additional 456 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of Costco Wholesale by 21.9% in the 1st quarter. ProShare Advisors LLC now owns 489,881 shares of the retailer’s stock valued at $358,902,000 after acquiring an additional 88,147 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the firm’s 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 completion of the sale, the executive vice president now owns 23,800 shares in the company, valued at approximately $20,560,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the sale, the executive vice president now owns 23,800 shares in the company, valued at $20,560,344. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 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 completion of the transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,636 shares of company stock worth $11,238,510 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of a number of recent analyst reports. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target on the stock. in a research report on Tuesday, September 24th. Melius Research started coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price on the stock. Roth Mkm upped their price target on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Wells Fargo & Company lifted their price objective on Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Finally, Telsey Advisory Group restated an “outperform” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research note on Monday, November 4th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $905.30.

Costco Wholesale Stock Up 0.6 %

Shares of NASDAQ:COST opened at $949.00 on Monday. The company has a market capitalization of $420.47 billion, a PE ratio of 56.96, a P/E/G ratio of 5.81 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The company’s fifty day moving average is $893.49 and its 200-day moving average is $852.53. Costco Wholesale Co. has a 52 week low of $572.24 and a 52 week high of $962.00.

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

Costco Wholesale Announces Dividend

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 $1.16 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio is 28.00%.

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.