DGS Capital Management LLC Acquires 86 Shares of Costco Wholesale Co. (NASDAQ:COST)

DGS Capital Management LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 12.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 756 shares of the retailer’s stock after acquiring an additional 86 shares during the period. DGS Capital Management LLC’s holdings in Costco Wholesale were worth $671,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. RPg Family Wealth Advisory LLC bought a new position in Costco Wholesale in the 3rd quarter worth about $29,000. Financial Connections Group Inc. increased its position in shares of Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Costco Wholesale during the 2nd quarter valued at about $50,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in Costco Wholesale in the 3rd quarter worth approximately $58,000. Finally, Fairway Wealth LLC raised its stake in shares of Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after acquiring an additional 46 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the sale, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. This represents a 27.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. This trade represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,016 shares of company stock worth $9,826,115 in the last ninety days. 0.18% of the stock is owned by company insiders.

Costco Wholesale Price Performance

COST stock traded up $4.55 during mid-day trading on Friday, hitting $992.94. The company had a trading volume of 1,209,149 shares, compared to its average volume of 1,921,421. The company has a 50-day moving average price of $924.72 and a 200 day moving average price of $883.45. Costco Wholesale Co. has a 12-month low of $630.30 and a 12-month high of $1,007.80. The company has a market capitalization of $439.94 billion, a price-to-earnings ratio of 60.63, a P/E/G ratio of 6.05 and a beta of 0.82. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate 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 last year, the business earned $4.86 earnings per share. Costco Wholesale’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, research analysts anticipate that Costco Wholesale Co. will post 17.77 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $1.16 dividend. The ex-dividend date was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.47%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.00%.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of analyst reports. BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday. Stifel Nicolaus lifted their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Oppenheimer reissued an “outperform” rating and issued a $1,075.00 target price (up previously from $980.00) on shares of Costco Wholesale in a research note on Tuesday. UBS Group raised their price target on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $1,050.00 price target on shares of Costco Wholesale in a report on Friday. Ten research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $981.86.

About Costco Wholesale

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.