Nicholson Wealth Management Group LLC Buys 92 Shares of Costco Wholesale Corporation $COST

Nicholson Wealth Management Group LLC increased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 4.9% during the second quarter, Holdings Channel.com reports. The firm owned 1,977 shares of the retailer’s stock after purchasing an additional 92 shares during the quarter. Costco Wholesale accounts for approximately 1.2% of Nicholson Wealth Management Group LLC’s holdings, making the stock its 13th largest position. Nicholson Wealth Management Group LLC’s holdings in Costco Wholesale were worth $1,957,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Nuveen LLC bought a new stake in Costco Wholesale during the first quarter valued at about $3,461,159,000. Kingstone Capital Partners Texas LLC raised its holdings in Costco Wholesale by 418,980.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock valued at $2,335,686,000 after acquiring an additional 2,358,859 shares during the period. Vanguard Group Inc. raised its holdings in Costco Wholesale by 1.0% during the first quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after acquiring an additional 443,101 shares during the period. National Bank of Canada FI raised its holdings in Costco Wholesale by 84.0% during the first quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock valued at $768,114,000 after acquiring an additional 370,806 shares during the period. Finally, Valeo Financial Advisors LLC raised its holdings in Costco Wholesale by 2,369.5% during the second quarter. Valeo Financial Advisors LLC now owns 323,288 shares of the retailer’s stock valued at $320,036,000 after acquiring an additional 310,197 shares during the period. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 1.2%

COST opened at $936.33 on Friday. The firm has a market cap of $414.96 billion, a P/E ratio of 51.42, a P/E/G ratio of 5.61 and a beta of 0.98. Costco Wholesale Corporation has a 12 month low of $867.34 and a 12 month high of $1,078.23. 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 50-day moving average of $949.51 and a 200 day moving average of $971.49.

Costco Wholesale (NASDAQ:COST) last released its quarterly 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 during the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the business posted $5.15 earnings per share. As a group, research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

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

Analysts Set New Price Targets

A number of equities research analysts have commented on COST shares. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Wednesday, September 24th. The Goldman Sachs Group raised their price target on Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a report on Friday, September 26th. JPMorgan Chase & Co. cut their price objective on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. DA Davidson restated a “neutral” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Finally, Oppenheimer restated an “outperform” rating and set a $1,130.00 price objective on shares of Costco Wholesale in a research report on Friday, September 26th. Nineteen investment 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,068.15.

Insider Activity

In related news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Russell D. Miller sold 3,381 shares of the firm’s stock in a transaction dated Monday, September 29th. The stock was 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 of the company’s stock, valued at approximately $8,912,100. The trade was a 25.77% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

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.