Ritter Daniher Financial Advisory LLC DE Buys 40 Shares of Costco Wholesale Co. (NASDAQ:COST)

Ritter Daniher Financial Advisory LLC DE grew its stake in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 2.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,693 shares of the retailer’s stock after acquiring an additional 40 shares during the quarter. Costco Wholesale accounts for 0.4% of Ritter Daniher Financial Advisory LLC DE’s holdings, making the stock its 19th biggest position. Ritter Daniher Financial Advisory LLC DE’s holdings in Costco Wholesale were worth $957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. TrinityPoint Wealth LLC boosted its stake in shares of Costco Wholesale by 0.9% during the second quarter. TrinityPoint Wealth LLC now owns 2,134 shares of the retailer’s stock valued at $1,149,000 after purchasing an additional 18 shares in the last quarter. LaSalle St. Investment Advisors LLC lifted its stake in shares of Costco Wholesale by 1.2% in the second quarter. LaSalle St. Investment Advisors LLC now owns 1,520 shares of the retailer’s stock worth $818,000 after acquiring an additional 18 shares during the period. Mendel Money Management lifted its stake in shares of Costco Wholesale by 2.0% in the second quarter. Mendel Money Management now owns 935 shares of the retailer’s stock worth $504,000 after acquiring an additional 18 shares during the period. SRS Capital Advisors Inc. lifted its stake in shares of Costco Wholesale by 6.3% in the second quarter. SRS Capital Advisors Inc. now owns 304 shares of the retailer’s stock worth $164,000 after acquiring an additional 18 shares during the period. Finally, Apeiron RIA LLC lifted its stake in shares of Costco Wholesale by 2.5% in the third quarter. Apeiron RIA LLC now owns 750 shares of the retailer’s stock worth $424,000 after acquiring an additional 18 shares during the period. 66.31% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $680.33, for a total value of $1,700,825.00. Following the transaction, the vice president now owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $680.33, for a total value of $1,700,825.00. Following the transaction, the vice president now owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Richard A. Galanti sold 1,112 shares of the company’s stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $680.21, for a total value of $756,393.52. Following the transaction, the chief financial officer now directly owns 24,300 shares in the company, valued at approximately $16,529,103. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 13,752 shares of company stock valued at $9,377,669. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 0.1 %

Costco Wholesale stock traded down $0.76 during trading on Friday, hitting $723.40. 1,426,119 shares of the company were exchanged, compared to its average volume of 1,979,401. The business’s 50 day moving average is $669.74 and its 200 day moving average is $599.76. Costco Wholesale Co. has a 52 week low of $465.33 and a 52 week high of $728.17. The company has a market capitalization of $320.99 billion, a P/E ratio of 49.31, a PEG ratio of 5.22 and a beta of 0.77. The company has a current ratio of 1.09, a quick ratio of 0.60 and a debt-to-equity ratio of 0.22.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, December 14th. The retailer reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.07. Costco Wholesale had a return on equity of 27.44% and a net margin of 2.65%. The business had revenue of $57.80 billion during the quarter, compared to the consensus estimate of $57.79 billion. During the same quarter in the prior year, the company posted $3.10 earnings per share. Costco Wholesale’s revenue was up 8.2% compared to the same quarter last year. Analysts predict that Costco Wholesale Co. will post 15.66 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, February 2nd will be given a $1.02 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $4.08 annualized dividend and a yield of 0.56%. Costco Wholesale’s dividend payout ratio is currently 27.81%.

Analysts Set New Price Targets

COST has been the topic of a number of recent analyst reports. Loop Capital lifted their price objective on Costco Wholesale from $710.00 to $755.00 in a research note on Friday, January 19th. BMO Capital Markets lifted their price objective on Costco Wholesale from $612.00 to $700.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. JPMorgan Chase & Co. lowered their target price on Costco Wholesale from $620.00 to $605.00 and set an “overweight” rating for the company in a report on Thursday, November 2nd. Evercore ISI lifted their target price on Costco Wholesale from $640.00 to $650.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. Finally, DA Davidson lifted their target price on Costco Wholesale from $570.00 to $600.00 and gave the stock a “neutral” rating in a report on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $659.96.

View Our Latest Stock Report on Costco Wholesale

Costco Wholesale Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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