Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Gladstone Institutional Advisory LLC

Gladstone Institutional Advisory LLC lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 13.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,034 shares of the retailer’s stock after selling 1,447 shares during the quarter. Gladstone Institutional Advisory LLC’s holdings in Costco Wholesale were worth $8,009,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fermata Advisors LLC lifted its stake in shares of 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 purchasing an additional 11 shares in the last quarter. Oak Asset Management LLC lifted its stake in shares of Costco Wholesale by 0.3% during the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after purchasing an additional 12 shares in the last quarter. Peddock Capital Advisors LLC lifted its stake in shares of Costco Wholesale by 0.7% during the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after purchasing an additional 12 shares in the last quarter. Perkins Coie Trust Co lifted its stake in shares of Costco Wholesale by 0.3% during the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after purchasing an additional 12 shares in the last quarter. Finally, Horizon Wealth Management LLC lifted its stake in shares of Costco Wholesale by 4.7% during the third quarter. Horizon Wealth Management LLC now owns 268 shares of the retailer’s stock worth $237,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on COST. Truist Financial cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective on the stock. in a research note on Tuesday, September 24th. Sanford C. Bernstein began coverage on Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price objective on the stock. TD Cowen boosted their price objective on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. 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 report on Friday, September 27th. Finally, Loop Capital lifted their target price on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $894.57.

Costco Wholesale Stock Up 0.4 %

NASDAQ:COST opened at $877.31 on Friday. The firm has a market capitalization of $388.71 billion, a PE ratio of 52.95, a price-to-earnings-growth ratio of 5.41 and a beta of 0.80. The stock has a 50 day moving average of $892.20 and a 200-day moving average of $844.03. Costco Wholesale Co. has a 52 week low of $552.01 and a 52 week high of $923.83. 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 (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate of $5.05 by $0.10. The company had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $4.86 earnings per share. Analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $1.16 per share. The ex-dividend date is Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. Costco Wholesale’s dividend payout ratio is presently 28.00%.

Insider Transactions at Costco Wholesale

In other news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 approximately $10,320,787.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 approximately $10,320,787.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the business’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 transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,636 shares of company stock worth $11,238,510. Company 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.