6 hours Ago By ABMN Staff
Cetera Trust Company N.A reduced its holdings in shares of Costco Wholesale Co. ( NASDAQ:COST – Free Report ) by 2.
8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,044 shares of the retailer’s stock after selling 30 shares during the period. Cetera Trust Company N.
A’s holdings in Costco Wholesale were worth $926,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. Fermata Advisors LLC lifted its position in Costco Wholesale by 0.
6% during the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after buying an additional 11 shares in the last quarter. Oak Asset Management LLC increased its stake in shares of Costco Wholesale by 0.
3% in the 2nd quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after acquiring an additional 12 shares during the last quarter. Peddock Capital Advisors LLC raised its holdings in shares of Costco Wholesale by 0.
7% during the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after acquiring an additional 12 shares during the period. Perkins Coie Trust Co raised its holdings in shares of Costco Wholesale by 0.
3% during the 3rd quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after acquiring an additional 12 shares during the period. Finally, Firethorn Wealth Partners LLC boosted its position in shares of Costco Wholesale by 3.
5% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after acquiring an additional 12 shares during the last quarter. 68.
48% of the stock is currently owned by hedge funds and other institutional investors. Analyst Ratings Changes Several equities analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $925.
00 to $935.00 and gave the company a “buy” rating in a report on Thursday, October 10th. 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. Oppenheimer raised their price objective on Costco Wholesale from $955.00 to $980.
00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Costco Wholesale from $925.00 to $927.
00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Sanford C. Bernstein began coverage on shares of Costco Wholesale in a research report on Tuesday.
They set an “outperform” rating and a $1,016.00 price target for the company. Ten research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock.
According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $894.57.
Costco Wholesale Price Performance Shares of NASDAQ COST opened at $893.49 on Wednesday. The stock’s 50-day simple moving average is $890.
30 and its 200-day simple moving average is $836.49. The company has a debt-to-equity ratio of 0.
25, a quick ratio of 0.44 and a current ratio of 0.97.
The firm has a market capitalization of $395.88 billion, a PE ratio of 53.92, a price-to-earnings-growth ratio of 5.
47 and a beta of 0.80. Costco Wholesale Co.
has a fifty-two week low of $540.23 and a fifty-two week high of $923.83.
Costco Wholesale ( NASDAQ:COST – Get Free Report ) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping the consensus estimate of $5.
05 by $0.10. The business had revenue of $79.
70 billion during 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 company’s revenue was up 1.
0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $4.86 EPS.
As a group, equities research analysts forecast that Costco Wholesale Co. will post 17.75 EPS 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 annualized dividend and a dividend yield of 0.52%.
The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s payout ratio is 28.00%.
Insider Transactions at Costco Wholesale In related news, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction dated 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 completion of the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
In other news, EVP Russell D. Miller sold 4,400 shares of the company’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.
15, for a total value of $3,921,060.00. Following the completion of the sale, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.
30. This represents a 0.00 % decrease in their ownership of the stock.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Also, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 10,210 shares in the company, valued at approximately $9,155,409.
10. This represents a 0.00 % decrease in their position.
The disclosure for this sale can be found here . Over the last 90 days, insiders have sold 11,224 shares of company stock worth $9,974,973. Corporate insiders own 0.
18% of the company’s stock. Costco Wholesale Profile ( Free Report ) 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.
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