Costco Wholesale Co. (NASDAQ:COST) Holdings Raised by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. boosted its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 6.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,642 shares of the retailer's stock after purchasing an additional 1,345 shares during the period. Coldstream Capital Management Inc.'s holdings in Costco Wholesale were worth $20,129,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC grew its position in shares of Costco Wholesale by 1.7% in the third quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer's stock valued at $8,380,648,000 after purchasing an additional 162,191 shares during the last quarter. Insight Inv LLC lifted its stake in Costco Wholesale by 16.9% in the 3rd quarter. Insight Inv LLC now owns 589 shares of the retailer's stock valued at $522,000 after buying an additional 85 shares in the last quarter. Prestige Wealth Management Group LLC grew its holdings in Costco Wholesale by 0.6% during the 3rd quarter. Prestige Wealth Management Group LLC now owns 2,623 shares of the retailer's stock valued at $2,325,000 after buying an additional 15 shares during the last quarter. Brophy Wealth Management LLC purchased a new position in Costco Wholesale during the third quarter worth $1,460,000. Finally, Vestcor Inc raised its holdings in shares of Costco Wholesale by 0.4% in the third quarter. Vestcor Inc now owns 18,987 shares of the retailer's stock worth $16,832,000 after acquiring an additional 80 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.6 %

Shares of COST stock traded up $5.54 during trading hours on Tuesday, hitting $993.40. 1,517,420 shares of the company were exchanged, compared to its average volume of 1,923,007. 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 stock has a market capitalization of $440.15 billion, a price-to-earnings ratio of 59.95, a P/E/G ratio of 6.05 and a beta of 0.82. Costco Wholesale Co. has a one year low of $618.76 and a one year high of $997.71. The business's 50-day simple moving average is $917.82 and its two-hundred day simple moving average is $880.63.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating analysts' consensus estimates 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 return on equity of 31.05% and a net margin of 2.90%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.86 EPS. Sell-side analysts predict that Costco Wholesale Co. will post 17.74 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms recently commented on COST. Melius Research began coverage on Costco Wholesale in a research note on Monday, September 23rd. They set a "hold" rating and a $950.00 price objective on the stock. StockNews.com cut shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Friday, September 27th. Telsey Advisory Group boosted their price objective on shares of Costco Wholesale from $1,000.00 to $1,050.00 and gave the company an "outperform" rating in a research report on Thursday, December 5th. The Goldman Sachs Group upped their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a "buy" rating in a research note on Friday, September 27th. Finally, Roth Mkm lifted their target price on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a "neutral" rating in a research note on Friday, September 27th. Ten analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Costco Wholesale has an average rating of "Moderate Buy" and a consensus price target of $931.89.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm's stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the transaction, the executive vice president now owns 10,202 shares of the company's stock, valued at $9,091,512.30. This represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,016 shares of company stock valued at $9,826,115 in the last quarter. Insiders own 0.18% of the company's stock.

Costco Wholesale 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.