Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.5% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,161 shares of the retailer’s stock after selling 291 shares during the quarter. Costco Wholesale makes up approximately 1.7% of Eads & Heald Wealth Management’s portfolio, making the stock its 2nd biggest position. Eads & Heald Wealth Management’s holdings in Costco Wholesale were worth $3,689,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in COST. Resurgent Financial Advisors LLC lifted 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 valued at $1,004,000 after buying an additional 14 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in shares of Costco Wholesale by 22.3% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock valued at $5,655,000 after purchasing an additional 1,408 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in Costco Wholesale by 2.5% during the first quarter. Resonant Capital Advisors LLC now owns 5,494 shares of the retailer’s stock worth $4,025,000 after purchasing an additional 135 shares during the period. Schear Investment Advisers LLC increased its holdings in Costco Wholesale by 2.9% in the first quarter. Schear Investment Advisers LLC now owns 3,890 shares of the retailer’s stock worth $2,850,000 after purchasing an additional 110 shares in the last quarter. Finally, Pullen Investment Management LLC acquired a new position in Costco Wholesale in the first quarter valued at approximately $1,439,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on COST shares. The Goldman Sachs Group raised their price objective on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Evercore ISI lifted their price target on shares of Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Roth Mkm increased their price objective on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Deutsche Bank Aktiengesellschaft boosted their target price on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Melius Research began coverage on Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price target on the stock. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $894.57.

Insider Buying and Selling

In other Costco Wholesale news, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total value of $3,921,060.00. Following the transaction, the executive vice president now directly owns 10,202 shares in the company, valued at $9,091,512.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Costco Wholesale news, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the sale, the executive vice president now directly owns 10,202 shares in the company, valued at $9,091,512.30. 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 available through the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,636 shares of company stock worth $11,238,510. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $877.31 on Friday. The stock has a market cap of $388.71 billion, a P/E ratio of 52.95, a P/E/G ratio of 5.41 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The company’s 50 day moving average price is $892.20 and its two-hundred day moving average price is $844.03. Costco Wholesale Co. has a 52 week low of $552.01 and a 52 week high of $923.83.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $79.91 billion. During the same quarter in the previous year, the firm earned $4.86 earnings per share. The business’s revenue was up 1.0% on a year-over-year basis. On average, equities analysts predict that Costco Wholesale Co. will post 17.75 earnings per share for the current 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 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 yield of 0.53%. Costco Wholesale’s payout ratio is currently 28.00%.

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.