Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Mattern Capital Management LLC

Mattern Capital Management LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,771 shares of the retailer’s stock after selling 163 shares during the quarter. Costco Wholesale makes up about 1.8% of Mattern Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Mattern Capital Management LLC’s holdings in Costco Wholesale were worth $13,981,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Trilogy Capital Inc. acquired a new position in Costco Wholesale in the first quarter worth $213,000. Resurgent Financial Advisors LLC boosted its holdings in Costco Wholesale by 1.0% in the first quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock worth $1,004,000 after purchasing an additional 14 shares during the period. Mirador Capital Partners LP boosted its holdings in Costco Wholesale by 1.1% in the first quarter. Mirador Capital Partners LP now owns 4,431 shares of the retailer’s stock worth $3,246,000 after purchasing an additional 48 shares during the period. Aviance Capital Partners LLC boosted its holdings in Costco Wholesale by 146.7% in the first quarter. Aviance Capital Partners LLC now owns 3,632 shares of the retailer’s stock worth $2,661,000 after purchasing an additional 2,160 shares during the period. Finally, Diversified Trust Co boosted its holdings in Costco Wholesale by 0.3% in the first quarter. Diversified Trust Co now owns 6,547 shares of the retailer’s stock worth $4,797,000 after purchasing an additional 17 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the transaction, the executive vice president now owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, 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 completion of the sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the sale, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,636 shares of company stock valued at $11,238,510. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $891.22 on Monday. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The company’s 50-day moving average price is $891.76 and its two-hundred day moving average price is $840.23. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The stock has a market cap of $395.11 billion, a PE ratio of 55.22, a price-to-earnings-growth ratio of 5.50 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 return on equity of 31.05% and a net margin of 2.90%. Costco Wholesale’s revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $4.86 EPS. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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 paid a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Analyst Ratings Changes

A number of equities analysts have commented on COST shares. Wells Fargo & Company lifted their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft raised their target price on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Roth Mkm raised their target price on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $894.57.

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.