Aviso Wealth Management Increases Position in Costco Wholesale Co. (NASDAQ:COST)

Aviso Wealth Management raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,019 shares of the retailer’s stock after acquiring an additional 112 shares during the quarter. Costco Wholesale makes up about 1.5% of Aviso Wealth Management’s portfolio, making the stock its 10th biggest position. Aviso Wealth Management’s holdings in Costco Wholesale were worth $2,677,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. J. W. Coons Advisors LLC boosted its position in Costco Wholesale by 0.5% during the 3rd quarter. J. W. Coons Advisors LLC now owns 5,077 shares of the retailer’s stock valued at $4,501,000 after acquiring an additional 26 shares in the last quarter. Braun Stacey Associates Inc. boosted its position in Costco Wholesale by 4.6% during the 3rd quarter. Braun Stacey Associates Inc. now owns 26,655 shares of the retailer’s stock valued at $23,630,000 after acquiring an additional 1,173 shares in the last quarter. GLOBALT Investments LLC GA boosted its position in Costco Wholesale by 2.8% during the 3rd quarter. GLOBALT Investments LLC GA now owns 3,752 shares of the retailer’s stock valued at $3,326,000 after acquiring an additional 103 shares in the last quarter. Phillips Financial Management LLC boosted its position in Costco Wholesale by 4.9% during the 3rd quarter. Phillips Financial Management LLC now owns 280 shares of the retailer’s stock valued at $248,000 after acquiring an additional 13 shares in the last quarter. Finally, Aljian Capital Management LLC lifted its holdings in shares of Costco Wholesale by 1.7% during the 3rd quarter. Aljian Capital Management LLC now owns 55,041 shares of the retailer’s stock valued at $48,795,000 after purchasing an additional 921 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $907.07 on Monday. The stock has a 50-day simple moving average of $897.62 and a two-hundred day simple moving average of $859.62. The firm has a market capitalization of $401.90 billion, a P/E ratio of 54.74, a PEG ratio of 5.60 and a beta of 0.80. Costco Wholesale Co. has a fifty-two week low of $572.24 and a fifty-two week high of $962.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating 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 firm had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same period last year, the firm earned $4.86 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities analysts forecast that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Insider Activity

In other news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the sale, the executive vice president now owns 10,210 shares in the company, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,016 shares of company stock worth $9,826,115 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Loop Capital increased their price objective on Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a report on Friday, September 27th. Truist Financial lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective for the company. in a report on Tuesday, September 24th. Wells Fargo & Company increased their price objective on Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Stifel Nicolaus increased their price objective on Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a report on Monday, November 4th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $905.30.

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.