Schmidt P J Investment Management Inc. Purchases 199 Shares of Costco Wholesale Corporation $COST

Schmidt P J Investment Management Inc. raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 2.6% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 7,849 shares of the retailer’s stock after acquiring an additional 199 shares during the period. Costco Wholesale comprises 1.3% of Schmidt P J Investment Management Inc.’s portfolio, making the stock its 23rd biggest position. Schmidt P J Investment Management Inc.’s holdings in Costco Wholesale were worth $7,770,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of COST. Brighton Jones LLC lifted its stake in Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after acquiring an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC lifted its stake in Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after acquiring an additional 130 shares in the last quarter. Perpetual Ltd lifted its stake in Costco Wholesale by 10.0% in the 1st quarter. Perpetual Ltd now owns 789 shares of the retailer’s stock valued at $746,000 after acquiring an additional 72 shares in the last quarter. Achmea Investment Management B.V. lifted its stake in Costco Wholesale by 9.4% in the 1st quarter. Achmea Investment Management B.V. now owns 75,252 shares of the retailer’s stock valued at $71,172,000 after acquiring an additional 6,478 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of Costco Wholesale by 16.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 150,226 shares of the retailer’s stock worth $139,659,000 after purchasing an additional 21,249 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 1.1%

COST opened at $932.14 on Monday. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year high of $1,078.23. The stock’s fifty day simple moving average is $945.23 and its 200 day simple moving average is $972.16. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The stock has a market cap of $413.10 billion, a PE ratio of 51.19, a price-to-earnings-growth ratio of 5.66 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion for the quarter, compared to analysts’ expectations of $86.01 billion. During the same quarter in the prior year, the business earned $5.15 EPS. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, research analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Friday, October 31st. Costco Wholesale’s dividend payout ratio is 28.56%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the transaction, the executive vice president directly owned 9,740 shares of the company’s stock, valued at $8,912,100. This represents a 25.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction on Friday, October 24th. The shares were sold at an average price of $934.62, for a total value of $1,157,994.18. Following the completion of the transaction, the insider directly owned 5,155 shares in the company, valued at approximately $4,817,966.10. This represents a 19.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,920 shares of company stock worth $7,373,175 in the last quarter. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on COST shares. DA Davidson reaffirmed a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Friday, September 26th. Argus boosted their price target on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Morgan Stanley lowered their price target on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Roth Capital set a $907.00 price target on Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday, September 26th. Finally, Mizuho lowered their price target on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,068.15.

Costco Wholesale 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.