Silvia Mccoll Wealth Management LLC Trims Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Silvia Mccoll Wealth Management LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 20.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,353 shares of the retailer’s stock after selling 600 shares during the period. Costco Wholesale accounts for approximately 1.6% of Silvia Mccoll Wealth Management LLC’s portfolio, making the stock its 14th biggest holding. Silvia Mccoll Wealth Management LLC’s holdings in Costco Wholesale were worth $2,086,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Frank Rimerman Advisors LLC purchased a new position in shares of Costco Wholesale during the 4th quarter worth $26,000. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale in the first quarter valued at $32,000. Vima LLC purchased a new position in Costco Wholesale during the fourth quarter worth about $34,000. Financial Connections Group Inc. boosted its stake in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after buying an additional 39 shares during the last quarter. Finally, Bank & Trust Co purchased a new stake in Costco Wholesale in the 2nd quarter valued at about $48,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The disclosure for this sale can be found here. In the last three months, insiders sold 8,174 shares of company stock worth $7,097,624. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Down 0.3 %

Shares of NASDAQ COST opened at $875.67 on Friday. The firm has a 50 day moving average price of $874.10 and a 200 day moving average price of $820.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The stock has a market cap of $388.21 billion, a P/E ratio of 54.25, a P/E/G ratio of 5.38 and a beta of 0.80. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83.

Costco Wholesale (NASDAQ:COST) last released 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. The business had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.30%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.86 EPS. Analysts expect that Costco Wholesale Co. will post 17.74 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Melius Research started coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price for the company. Morgan Stanley upped their price objective on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Bank of America increased their target price on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Roth Mkm boosted their price target on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Finally, Loop Capital upped their price target on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $883.04.

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.