Fiduciary Family Office LLC reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 26.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,998 shares of the retailer's stock after selling 716 shares during the period. Fiduciary Family Office LLC's holdings in Costco Wholesale were worth $1,771,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of COST. Financial Connections Group Inc. boosted its position in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer's stock valued at $39,000 after buying an additional 39 shares in the last quarter. Bank & Trust Co acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth approximately $48,000. Ruedi Wealth Management Inc. grew its holdings in Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer's stock worth $50,000 after acquiring an additional 25 shares during the period. Summit Securities Group LLC bought a new stake in Costco Wholesale in the second quarter valued at about $50,000. Finally, Fairway Wealth LLC grew its holdings in Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer's stock valued at $56,000 after purchasing an additional 46 shares during the period. 68.48% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
Several equities research analysts have issued reports on the company. Morgan Stanley increased their price target on Costco Wholesale from $855.00 to $950.00 and gave the stock an "overweight" rating in a report on Monday, September 9th. Truist Financial downgraded shares of Costco Wholesale from a "buy" rating to a "hold" rating and set a $873.00 price objective for the company. in a research report on Tuesday, September 24th. Barclays lifted their target price on Costco Wholesale from $830.00 to $850.00 and gave the stock an "equal weight" rating in a research note on Friday, September 27th. StockNews.com lowered shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Friday, September 27th. Finally, Bank of America upped their price objective on Costco Wholesale from $874.00 to $962.00 and gave the stock a "buy" rating in a research report on Thursday, July 11th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $905.30.
Check Out Our Latest Stock Analysis on COST
Costco Wholesale Stock Performance
Shares of NASDAQ COST traded up $4.10 during mid-day trading on Tuesday, hitting $890.17. The company had a trading volume of 1,610,741 shares, compared to its average volume of 1,919,795. The stock's 50-day moving average price is $892.07 and its 200-day moving average price is $847.07. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 1 year low of $560.13 and a 1 year high of $923.83. The company has a market capitalization of $394.41 billion, a price-to-earnings ratio of 53.63, a P/E/G ratio of 5.40 and a beta of 0.80.
Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $79.70 billion for the quarter, compared to analysts' expectations of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $4.86 EPS. On average, sell-side analysts forecast that Costco Wholesale Co. will post 17.75 earnings per share for the current year.
Costco Wholesale Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Friday, November 1st. Costco Wholesale's dividend payout ratio is 28.00%.
Insider Buying and Selling at Costco Wholesale
In related news, EVP Claudine Adamo sold 3,200 shares of the company's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the transaction, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Susan L. Decker sold 620 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now owns 11,775 shares of the company's stock, valued at $10,320,787.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the transaction, the executive vice president now owns 8,630 shares in the company, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,636 shares of company stock valued at $11,238,510 in the last quarter. Company 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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