Builder Investment Group Inc. ADV Buys 30 Shares of Costco Wholesale Co. (NASDAQ:COST)

Builder Investment Group Inc. ADV grew its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.7% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,150 shares of the retailer’s stock after purchasing an additional 30 shares during the quarter. Builder Investment Group Inc. ADV’s holdings in Costco Wholesale were worth $1,019,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale in the first quarter worth $32,000. Financial Connections Group Inc. boosted its stake in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares in the last quarter. Bank & Trust Co acquired a new position in Costco Wholesale in the second quarter worth $48,000. Ruedi Wealth Management Inc. boosted its stake in Costco Wholesale by 73.5% in the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after purchasing an additional 25 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in Costco Wholesale in the second quarter worth $50,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 0.3 %

Shares of Costco Wholesale stock opened at $886.77 on Tuesday. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83. The business has a 50-day moving average of $889.73 and a two-hundred day moving average of $835.23. The company has a market capitalization of $393.14 billion, a P/E ratio of 54.94, a price-to-earnings-growth ratio of 5.48 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. Costco Wholesale’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $4.86 earnings per share. As a group, equities analysts predict that Costco Wholesale Co. will post 17.74 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. Costco Wholesale’s payout ratio is presently 28.75%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. TD Cowen upped their price target on Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Oppenheimer upped their price target on Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Melius Research assumed coverage on Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 price target on the stock. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research note on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $894.57.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the transaction, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the transaction, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,224 shares of company stock worth $9,974,973. 0.18% of the stock is owned by corporate insiders.

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.