375 Shares in Costco Wholesale Co. (NASDAQ:COST) Purchased by Brogan Financial Inc.

Brogan Financial Inc. acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 375 shares of the retailer’s stock, valued at approximately $202,000.

Several other hedge funds also recently modified their holdings of COST. Inlet Private Wealth LLC boosted its position in Costco Wholesale by 0.3% in the second quarter. Inlet Private Wealth LLC now owns 5,535 shares of the retailer’s stock worth $2,980,000 after purchasing an additional 18 shares during the last quarter. ETF Store Inc. lifted its position in shares of Costco Wholesale by 3.6% during the 2nd quarter. ETF Store Inc. now owns 522 shares of the retailer’s stock valued at $289,000 after buying an additional 18 shares in the last quarter. TrinityPoint Wealth LLC lifted its position in shares of Costco Wholesale by 0.9% during the 2nd quarter. TrinityPoint Wealth LLC now owns 2,134 shares of the retailer’s stock valued at $1,149,000 after buying an additional 18 shares in the last quarter. Veery Capital LLC lifted its position in shares of Costco Wholesale by 2.4% during the 2nd quarter. Veery Capital LLC now owns 812 shares of the retailer’s stock valued at $437,000 after buying an additional 19 shares in the last quarter. Finally, Towerpoint Wealth LLC lifted its holdings in Costco Wholesale by 2.8% in the 2nd quarter. Towerpoint Wealth LLC now owns 696 shares of the retailer’s stock worth $375,000 after purchasing an additional 19 shares in the last quarter. Institutional investors and hedge funds own 66.31% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on COST. Wells Fargo & Company boosted their price target on Costco Wholesale from $510.00 to $525.00 in a report on Thursday, October 5th. Raymond James boosted their price target on Costco Wholesale from $570.00 to $580.00 and gave the stock an “outperform” rating in a report on Wednesday, September 27th. HSBC initiated coverage on Costco Wholesale in a report on Friday, September 22nd. They issued a “hold” rating and a $600.00 price target on the stock. Bank of America lifted their price objective on Costco Wholesale from $575.00 to $610.00 and gave the stock a “buy” rating in a research note on Wednesday, September 27th. Finally, Morgan Stanley lifted their price objective on Costco Wholesale from $535.00 to $585.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 27th. Six analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $586.43.

Insider Activity

In other news, CFO Richard A. Galanti sold 2,000 shares of the stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $565.57, for a total value of $1,131,140.00. Following the transaction, the chief financial officer now directly owns 28,138 shares of the company’s stock, valued at $15,914,008.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Russell D. Miller sold 4,500 shares of the firm’s stock in a transaction dated Friday, November 3rd. The stock was sold at an average price of $557.75, for a total transaction of $2,509,875.00. Following the sale, the executive vice president now directly owns 10,785 shares of the company’s stock, valued at $6,015,333.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Richard A. Galanti sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The stock was sold at an average price of $565.57, for a total value of $1,131,140.00. Following the sale, the chief financial officer now directly owns 28,138 shares in the company, valued at $15,914,008.66. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,265 shares of company stock valued at $10,797,118. Company insiders own 0.22% of the company’s stock.

Costco Wholesale Stock Up 0.5 %

NASDAQ:COST traded up $2.70 during mid-day trading on Monday, hitting $579.85. 544,044 shares of the company’s stock traded hands, compared to its average volume of 1,801,316. The company has a fifty day moving average of $564.00 and a 200 day moving average of $543.03. Costco Wholesale Co. has a twelve month low of $447.90 and a twelve month high of $599.89. The company has a market capitalization of $256.72 billion, a P/E ratio of 40.76, a P/E/G ratio of 4.31 and a beta of 0.78. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.57 and a current ratio of 1.07.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Tuesday, September 26th. The retailer reported $4.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.79 by $0.07. Costco Wholesale had a return on equity of 28.10% and a net margin of 2.60%. The company had revenue of $78.94 billion for the quarter, compared to analyst estimates of $77.72 billion. During the same period in the prior year, the company posted $4.20 EPS. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. On average, analysts forecast that Costco Wholesale Co. will post 15.71 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Friday, November 3rd were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date of this dividend was Thursday, November 2nd. Costco Wholesale’s dividend payout ratio is presently 28.81%.

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.