Regent Peak Wealth Advisors LLC Purchases 119 Shares of Costco Wholesale Co. (NASDAQ:COST)

Regent Peak Wealth Advisors LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 7.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,822 shares of the retailer’s stock after buying an additional 119 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,670,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale during the third quarter worth about $29,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in Costco Wholesale in the 3rd quarter worth approximately $58,000. Fairway Wealth LLC grew its position in Costco Wholesale by 230.0% during the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after purchasing an additional 46 shares during the last quarter. Christopher J. Hasenberg Inc increased its stake in Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC purchased a new position in shares of Costco Wholesale in the third quarter worth $71,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on COST shares. Raymond James upped their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a research report on Thursday, December 12th. Jefferies Financial Group upped their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Citigroup upped their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Stifel Nicolaus raised their target price on shares of Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,013.59.

Costco Wholesale Price Performance

Shares of NASDAQ:COST traded down $2.16 during trading on Tuesday, reaching $920.55. The stock had a trading volume of 727,168 shares, compared to its average volume of 1,514,957. The business has a fifty day moving average price of $944.01 and a 200-day moving average price of $897.06. Costco Wholesale Co. has a 1-year low of $654.03 and a 1-year high of $1,008.25. 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 stock has a market cap of $408.63 billion, a PE ratio of 54.05, a PEG ratio of 6.02 and a beta of 0.84.

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 issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s payout ratio is 27.25%.

Insider Transactions at Costco Wholesale

In other news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the transaction, the executive vice president now owns 10,210 shares of the company’s stock, valued at approximately $9,155,409.10. The trade was a 16.38 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,816 shares of company stock valued at $6,981,347. Corporate insiders own 0.18% of the company’s stock.

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.