Radnor Capital Management LLC Buys 910 Shares of Costco Wholesale Co. (NASDAQ:COST)

Radnor Capital Management LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 63.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,352 shares of the retailer’s stock after purchasing an additional 910 shares during the period. Radnor Capital Management LLC’s holdings in Costco Wholesale were worth $2,085,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Resurgent Financial Advisors LLC boosted its stake in shares of Costco Wholesale by 1.0% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock worth $1,004,000 after acquiring an additional 14 shares during the period. China Universal Asset Management Co. Ltd. increased its stake in shares of Costco Wholesale by 22.3% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock valued at $5,655,000 after purchasing an additional 1,408 shares during the last quarter. Valley Wealth Managers Inc. grew its position in Costco Wholesale by 7.6% during the 1st quarter. Valley Wealth Managers Inc. now owns 1,037 shares of the retailer’s stock worth $760,000 after acquiring an additional 73 shares during the last quarter. Blue Square Asset Management LLC bought a new stake in Costco Wholesale during the 1st quarter worth $218,000. Finally, Lesa Sroufe & Co bought a new stake in Costco Wholesale during the 1st quarter worth $227,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on COST shares. Roth Mkm upped their price target on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Robert W. Baird upped their price target on Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. The Goldman Sachs Group upped their price target on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Morgan Stanley upped their target price on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Finally, Oppenheimer upped their target price on Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $905.30.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $890.17 on Wednesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The firm has a market capitalization of $394.41 billion, a price-to-earnings ratio of 53.72, a PEG ratio of 5.40 and a beta of 0.80. The company’s 50-day moving average is $891.70 and its two-hundred day moving average is $848.34. Costco Wholesale Co. has a 1-year low of $560.13 and a 1-year high of $923.83.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share 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 company had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same period in the previous year, the business posted $4.86 EPS. Costco Wholesale’s revenue was up 1.0% on a year-over-year basis. Analysts forecast that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio is presently 28.00%.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at $20,015,745. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the transaction, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,636 shares of company stock valued at $11,238,510. Insiders own 0.18% of the company’s stock.

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.