Werba Rubin Papier Wealth Management Buys 149 Shares of Costco Wholesale Co. (NASDAQ:COST)

Werba Rubin Papier Wealth Management grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 15.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,133 shares of the retailer’s stock after purchasing an additional 149 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in Costco Wholesale were worth $1,004,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Steph & Co. grew its stake in shares of Costco Wholesale by 105.8% in the first quarter. Steph & Co. now owns 107 shares of the retailer’s stock valued at $78,000 after acquiring an additional 55 shares in the last quarter. Traynor Capital Management Inc. grew its stake in shares of Costco Wholesale by 8.5% in the first quarter. Traynor Capital Management Inc. now owns 2,266 shares of the retailer’s stock valued at $1,660,000 after acquiring an additional 177 shares in the last quarter. Global Assets Advisory LLC acquired a new position in shares of Costco Wholesale in the first quarter valued at about $510,353,000. Harbor Investment Advisory LLC grew its stake in shares of Costco Wholesale by 0.9% in the first quarter. Harbor Investment Advisory LLC now owns 5,808 shares of the retailer’s stock valued at $4,255,000 after acquiring an additional 50 shares in the last quarter. Finally, Capital Planning LLC grew its stake in shares of Costco Wholesale by 13.6% in the first quarter. Capital Planning LLC now owns 2,976 shares of the retailer’s stock valued at $2,181,000 after acquiring an additional 357 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on COST shares. TD Cowen increased their price objective on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. 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 note on Tuesday, September 10th. Bank of America increased their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Barclays increased their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $980.00 price objective (up from $950.00) on shares of Costco Wholesale in a research note on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $890.07.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale 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 $20,015,745. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale 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 $20,015,745. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now owns 10,210 shares in the company, valued at $9,155,409.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,224 shares of company stock valued at $9,974,973 in the last three months. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Performance

NASDAQ COST opened at $889.56 on Monday. The company has a fifty day simple moving average of $889.26 and a 200 day simple moving average of $833.95. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. 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 company has a market cap of $394.37 billion, a P/E ratio of 55.12, a PEG ratio of 5.48 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $4.86 EPS. Sell-side analysts predict that Costco Wholesale Co. will post 17.74 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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 issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio is 28.75%.

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.