Alexander Labrunerie & CO. Inc. Has $301,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Alexander Labrunerie & CO. Inc. boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 3.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 339 shares of the retailer’s stock after buying an additional 12 shares during the quarter. Alexander Labrunerie & CO. Inc.’s holdings in Costco Wholesale were worth $301,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of COST. Pictet North America Advisors SA increased its stake in shares of Costco Wholesale by 6.2% in the third quarter. Pictet North America Advisors SA now owns 637 shares of the retailer’s stock worth $565,000 after purchasing an additional 37 shares during the period. Symphony Financial Ltd. Co. grew its holdings in Costco Wholesale by 5.4% in the 3rd quarter. Symphony Financial Ltd. Co. now owns 6,961 shares of the retailer’s stock valued at $6,143,000 after buying an additional 359 shares during the last quarter. Waldron Private Wealth LLC increased its position in Costco Wholesale by 1.8% in the 3rd quarter. Waldron Private Wealth LLC now owns 3,033 shares of the retailer’s stock worth $2,689,000 after buying an additional 53 shares during the period. Eastern Bank lifted its holdings in shares of Costco Wholesale by 242.3% during the third quarter. Eastern Bank now owns 22,374 shares of the retailer’s stock worth $19,835,000 after buying an additional 15,837 shares during the last quarter. Finally, Xcel Wealth Management LLC boosted its position in shares of Costco Wholesale by 1.7% in the third quarter. Xcel Wealth Management LLC now owns 1,499 shares of the retailer’s stock valued at $1,329,000 after acquiring an additional 25 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST stock opened at $893.49 on Wednesday. The stock’s fifty day moving average is $890.30 and its 200-day 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. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The stock has a market capitalization of $395.88 billion, a PE ratio of 53.92, a PEG ratio of 5.47 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm 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 earned $4.86 EPS. The company’s revenue was up 1.0% on a year-over-year basis. Equities research analysts expect that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 28.00%.

Analyst Ratings Changes

Several research firms recently commented on COST. Bank of America upped their target price on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Morgan Stanley upped their price objective on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Oppenheimer lifted their target price 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 price target on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Finally, Loop Capital lifted their price objective on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $894.57.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $20,015,745. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,224 shares of company stock worth $9,974,973 in the last quarter. Insiders own 0.18% of the company’s stock.

Costco Wholesale Company 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.