Jmac Enterprises LLC Has $1.23 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Jmac Enterprises LLC lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,382 shares of the retailer’s stock after acquiring an additional 14 shares during the period. Jmac Enterprises LLC’s holdings in Costco Wholesale were worth $1,225,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of COST. Castle Wealth Management LLC increased its stake in Costco Wholesale by 12.2% during the 3rd quarter. Castle Wealth Management LLC now owns 1,179 shares of the retailer’s stock worth $1,045,000 after acquiring an additional 128 shares during the period. Montecito Bank & Trust increased its position in shares of Costco Wholesale by 6.9% in the third quarter. Montecito Bank & Trust now owns 9,186 shares of the retailer’s stock worth $8,144,000 after purchasing an additional 591 shares during the period. BNC Wealth Management LLC raised its stake in Costco Wholesale by 1.9% in the third quarter. BNC Wealth Management LLC now owns 6,441 shares of the retailer’s stock valued at $5,710,000 after purchasing an additional 122 shares in the last quarter. Jackson Square Capital LLC lifted its position in Costco Wholesale by 9.8% during the third quarter. Jackson Square Capital LLC now owns 7,731 shares of the retailer’s stock worth $6,854,000 after purchasing an additional 690 shares during the period. Finally, Ironsides Asset Advisors LLC lifted its position in Costco Wholesale by 20.5% during the third quarter. Ironsides Asset Advisors LLC now owns 441 shares of the retailer’s stock worth $391,000 after purchasing an additional 75 shares during the period. 68.48% of the stock is owned by institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the sale, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the transaction, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at $20,560,344. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,636 shares of company stock valued at $11,238,510. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Trading Up 0.3 %

Shares of Costco Wholesale stock opened at $901.98 on Thursday. 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 Co. has a 52 week low of $562.01 and a 52 week high of $923.83. The stock has a 50 day moving average price of $891.92 and a two-hundred day moving average price of $848.69. The stock has a market capitalization of $399.64 billion, a PE ratio of 54.27, a price-to-earnings-growth ratio of 5.45 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last announced its quarterly 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 net margin of 2.90% and a return on equity of 31.05%. The business had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the previous year, the business posted $4.86 EPS. Costco Wholesale’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, equities analysts anticipate that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio is presently 28.00%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Loop Capital upped their price target on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a report on Friday, September 27th. The Goldman Sachs Group upped their target price on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Oppenheimer lifted 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. Bank of America upped their price objective on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Barclays lifted their target price on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $905.30.

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.