Toronto Dominion Bank Has $190.41 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Toronto Dominion Bank reduced its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 6.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 214,780 shares of the retailer's stock after selling 15,285 shares during the period. Toronto Dominion Bank's holdings in Costco Wholesale were worth $190,407,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Fermata Advisors LLC increased its stake in shares of Costco Wholesale by 0.6% in the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer's stock valued at $1,745,000 after purchasing an additional 11 shares during the period. Peddock Capital Advisors LLC increased its position in Costco Wholesale by 0.7% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer's stock valued at $1,518,000 after acquiring an additional 12 shares during the period. Perkins Coie Trust Co increased its position in Costco Wholesale by 0.3% in the 3rd quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer's stock valued at $4,144,000 after acquiring an additional 12 shares during the period. Firethorn Wealth Partners LLC boosted its position in Costco Wholesale by 3.5% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer's stock worth $318,000 after acquiring an additional 12 shares during the period. Finally, Horizon Wealth Management LLC boosted its position in Costco Wholesale by 4.7% during the 3rd quarter. Horizon Wealth Management LLC now owns 268 shares of the retailer's stock worth $237,000 after acquiring an additional 12 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Up 0.4 %

NASDAQ:COST traded up $3.98 during trading hours on Wednesday, reaching $997.38. The company's stock had a trading volume of 1,103,166 shares, compared to its average volume of 1,919,533. 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 company has a market cap of $441.91 billion, a price-to-earnings ratio of 60.80, a price-to-earnings-growth ratio of 6.05 and a beta of 0.82. Costco Wholesale Co. has a one year low of $623.21 and a one year high of $1,007.80. The business's 50-day moving average is $920.14 and its 200-day moving average is $881.93.

Costco Wholesale (NASDAQ:COST - Get Free Report) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts' consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The business had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the prior year, the firm posted $4.86 EPS. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. Equities research analysts predict that Costco Wholesale Co. will post 17.74 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date was Friday, November 1st. Costco Wholesale's payout ratio is 28.00%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the firm'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 value of $2,844,768.00. Following the completion of the sale, the executive vice president now owns 8,630 shares in the company, valued at approximately $7,671,983.70. This trade represents a 27.05 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction on Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. This represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,016 shares of company stock valued at $9,826,115. Company insiders own 0.18% of the company's stock.

Analyst Ratings Changes

COST has been the subject of several recent analyst reports. StockNews.com cut shares of Costco Wholesale from a "buy" rating to a "hold" rating in a report on Friday, September 27th. Redburn Atlantic lowered shares of Costco Wholesale from a "buy" rating to a "neutral" rating and raised their price objective for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Truist Financial downgraded shares of Costco Wholesale from a "buy" rating to a "hold" rating and set a $873.00 target price on the stock. in a report on Tuesday, September 24th. TD Cowen raised their target price on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a "buy" rating in a report on Monday, September 30th. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $880.00 price target on shares of Costco Wholesale in a report on Thursday, October 10th. Ten analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $931.89.

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.