Integris Wealth Management LLC Buys 53 Shares of Costco Wholesale Co. (NASDAQ:COST)

Integris Wealth Management LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 600 shares of the retailer’s stock after buying an additional 53 shares during the quarter. Integris Wealth Management LLC’s holdings in Costco Wholesale were worth $532,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale during the first quarter valued at approximately $32,000. Financial Connections Group Inc. boosted its position in shares of Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares in the last quarter. Bank & Trust Co acquired a new position in shares of Costco Wholesale in the 2nd quarter valued at $48,000. Ruedi Wealth Management Inc. increased its position in shares of Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after buying an additional 25 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new stake in Costco Wholesale during the 2nd quarter worth $50,000. 68.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft boosted their target price on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Telsey Advisory Group reissued an “outperform” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research note on Thursday, October 10th. Roth Mkm lifted their price target on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Finally, Oppenheimer raised their price objective on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $890.07.

Costco Wholesale Stock Performance

NASDAQ COST opened at $889.56 on Friday. The firm has a market capitalization of $394.37 billion, a P/E ratio of 55.12, a price-to-earnings-growth ratio of 5.48 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm’s fifty day moving average price is $889.26 and its two-hundred day moving average price is $833.05. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (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 company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same period in the prior year, the firm earned $4.86 EPS. Costco Wholesale’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, research analysts anticipate that Costco Wholesale Co. will post 17.74 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $1.16 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the sale, the executive vice president now owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Pierre Riel sold 2,000 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the transaction, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at $9,091,512.30. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,224 shares of company stock valued at $9,974,973. 0.18% of the stock is owned by insiders.

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.