Costco Wholesale Corporation $COST Shares Acquired by Valtinson Bruner Financial Planning LLC

Valtinson Bruner Financial Planning LLC lifted its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 11.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 583 shares of the retailer’s stock after purchasing an additional 58 shares during the period. Valtinson Bruner Financial Planning LLC’s holdings in Costco Wholesale were worth $577,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in shares of Costco Wholesale by 12.3% during the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after buying an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC raised its stake in Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after acquiring an additional 130 shares in the last quarter. Leavell Investment Management Inc. lifted its position in Costco Wholesale by 0.7% in the first quarter. Leavell Investment Management Inc. now owns 2,293 shares of the retailer’s stock valued at $2,169,000 after acquiring an additional 17 shares during the last quarter. Ascent Capital Management LLC lifted its position in Costco Wholesale by 1.4% in the first quarter. Ascent Capital Management LLC now owns 1,009 shares of the retailer’s stock valued at $954,000 after acquiring an additional 14 shares during the last quarter. Finally, CFO4Life Group LLC boosted its stake in Costco Wholesale by 2.1% in the first quarter. CFO4Life Group LLC now owns 1,079 shares of the retailer’s stock valued at $1,021,000 after acquiring an additional 22 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other news, EVP Claudine Adamo sold 2,700 shares of Costco Wholesale stock in a transaction on Friday, October 24th. The stock was sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the completion of the transaction, the executive vice president owned 6,851 shares of the company’s stock, valued at $6,410,343.68. The trade was a 28.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction dated Monday, September 29th. The shares were sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the completion of the sale, the executive vice president directly owned 9,740 shares in the company, valued at approximately $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 7,920 shares of company stock worth $7,373,175 over the last quarter. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Argus boosted their target price on Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a report on Monday, September 29th. Sanford C. Bernstein decreased their price objective on Costco Wholesale from $1,140.00 to $1,134.00 and set an “outperform” rating for the company in a report on Tuesday. Mizuho lowered their target price on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating on the stock in a research report on Thursday, October 9th. Jefferies Financial Group reiterated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, October 9th. Finally, Daiwa Capital Markets lowered their price objective on shares of Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Nineteen analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $1,063.88.

Costco Wholesale Stock Performance

Shares of COST stock opened at $923.58 on Friday. The stock has a 50 day simple moving average of $938.53 and a 200-day simple moving average of $969.02. The company has a market cap of $409.31 billion, a price-to-earnings ratio of 50.72, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 12-month low of $871.71 and a 12-month high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, topping the consensus estimate of $5.81 by $0.06. The company had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The business’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $5.15 EPS. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

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

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.