Pinnacle Wealth Management Advisory Group LLC Increases Position in Costco Wholesale Corporation $COST

Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.7% during the 2nd quarter, Holdings Channel reports. The firm owned 5,463 shares of the retailer’s stock after acquiring an additional 91 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Costco Wholesale were worth $5,408,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after purchasing an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC boosted its stake in Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after purchasing an additional 130 shares during the period. Riversedge Advisors LLC boosted its stake in Costco Wholesale by 9.7% in the 1st quarter. Riversedge Advisors LLC now owns 1,006 shares of the retailer’s stock worth $951,000 after purchasing an additional 89 shares during the period. Rational Advisors Inc. grew its holdings in Costco Wholesale by 12.2% during the 1st quarter. Rational Advisors Inc. now owns 4,117 shares of the retailer’s stock valued at $3,894,000 after buying an additional 448 shares in the last quarter. Finally, Stillwater Wealth Management Group raised its position in shares of Costco Wholesale by 4.2% during the first quarter. Stillwater Wealth Management Group now owns 4,439 shares of the retailer’s stock valued at $4,198,000 after buying an additional 177 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.1%

COST opened at $922.74 on Friday. The stock has a 50-day moving average of $938.12 and a 200 day moving average of $968.70. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 12 month low of $871.71 and a 12 month high of $1,078.23. The firm has a market cap of $408.94 billion, a P/E ratio of 50.67, a P/E/G ratio of 5.54 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to analyst estimates 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 for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company earned $5.15 EPS. As a group, research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s payout ratio is presently 28.56%.

Insider Activity

In other Costco Wholesale news, EVP Claudine Adamo sold 2,700 shares of the business’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the transaction, the executive vice president owned 6,851 shares in the company, valued at $6,410,343.68. The trade was a 28.27% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the sale, the executive vice president owned 9,740 shares of the company’s stock, valued at $8,912,100. This trade represents a 25.77% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 7,920 shares of company stock worth $7,373,175. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on COST. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday, September 26th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Tuesday, November 4th. Jefferies Financial Group restated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, October 9th. Oppenheimer decreased their target price on Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating on the stock in a research report on Monday, November 3rd. Finally, The Goldman Sachs Group increased their price target on Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $1,063.88.

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.