Linden Thomas Advisory Services LLC Buys 921 Shares of Costco Wholesale Corporation $COST

Linden Thomas Advisory Services LLC raised its stake in Costco Wholesale Corporation (NASDAQ:COST) by 30.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,983 shares of the retailer’s stock after acquiring an additional 921 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Costco Wholesale were worth $3,943,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Brighton Jones LLC increased its holdings in shares of Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after buying an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of 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 buying an additional 130 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Costco Wholesale by 12.6% in the 1st quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock worth $8,160,000 after buying an additional 966 shares during the last quarter. Investment Advisory Services Inc. TX ADV increased its holdings in shares of Costco Wholesale by 2.4% in the 1st quarter. Investment Advisory Services Inc. TX ADV now owns 2,731 shares of the retailer’s stock worth $2,583,000 after buying an additional 64 shares during the last quarter. Finally, PDS Planning Inc increased its holdings in shares of Costco Wholesale by 9.0% in the 1st quarter. PDS Planning Inc now owns 2,882 shares of the retailer’s stock worth $2,726,000 after buying an additional 238 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction dated 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 sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claudine Adamo sold 2,700 shares of the business’s stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 6,851 shares of the company’s stock, valued at approximately $6,410,343.68. This trade represents a 28.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 7,920 shares of company stock valued at $7,373,175 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COST. DA Davidson restated a “neutral” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a report on Friday, September 26th. Citigroup reduced their target price on shares of Costco Wholesale from $1,065.00 to $990.00 and set a “neutral” rating on the stock in a report on Monday, September 29th. Evercore ISI reduced their target price on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Jefferies Financial Group reaffirmed a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Finally, The Goldman Sachs Group lifted their price target on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research note on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,068.15.

Costco Wholesale Price Performance

COST stock opened at $932.14 on Friday. The stock has a market cap of $413.11 billion, a PE ratio of 51.19, a P/E/G ratio of 5.66 and a beta of 0.98. 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 $867.34 and a 12 month high of $1,078.23. The company has a 50-day moving average price of $945.23 and a 200 day moving average price of $972.11.

Costco Wholesale (NASDAQ:COST) last released 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 company had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company earned $5.15 EPS. Equities research analysts anticipate that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a $1.30 dividend. 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 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.