Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,598 shares of the retailer’s stock after selling 296 shares during the period. Costco Wholesale makes up approximately 0.8% of Newbridge Financial Services Group Inc.’s investment portfolio, making the stock its 25th largest holding. Newbridge Financial Services Group Inc.’s holdings in Costco Wholesale were worth $2,208,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of COST. J. W. Coons Advisors LLC boosted its position in shares of Costco Wholesale by 2.0% during the 4th quarter. J. W. Coons Advisors LLC now owns 3,802 shares of the retailer’s stock valued at $2,510,000 after purchasing an additional 75 shares in the last quarter. Fairview Capital Investment Management LLC increased its holdings in shares of Costco Wholesale by 14.8% in the fourth quarter. Fairview Capital Investment Management LLC now owns 550 shares of the retailer’s stock valued at $364,000 after buying an additional 71 shares in the last quarter. Capital International Sarl boosted its stake in shares of Costco Wholesale by 13.0% during the 4th quarter. Capital International Sarl now owns 36,772 shares of the retailer’s stock worth $24,272,000 after acquiring an additional 4,219 shares in the last quarter. Capital Research Global Investors grew its holdings in shares of Costco Wholesale by 13.2% in the 4th quarter. Capital Research Global Investors now owns 763,811 shares of the retailer’s stock worth $504,186,000 after acquiring an additional 89,109 shares during the last quarter. Finally, Capital World Investors raised its position in shares of Costco Wholesale by 3.9% during the fourth quarter. Capital World Investors now owns 3,539,245 shares of the retailer’s stock worth $2,336,198,000 after purchasing an additional 132,292 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Down 1.0 %

Shares of COST opened at $877.38 on Wednesday. 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 company has a 50-day simple moving average of $871.96 and a 200-day simple moving average of $819.44. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The firm has a market capitalization of $388.97 billion, a P/E ratio of 54.36, a P/E/G ratio of 5.47 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its quarterly 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. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The firm had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter in the prior year, the firm posted $4.86 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities research analysts expect that Costco Wholesale Co. will post 16.02 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a yield of 0.53%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Insiders Place Their Bets

In other news, Director Susan L. Decker sold 620 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value 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. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $4,252,856 over the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft increased their price target on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. TD Cowen raised their target price on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday. DA Davidson boosted their price target on shares of Costco Wholesale from $780.00 to $880.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Redburn Atlantic lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $860.00 to $890.00 in a research note on Tuesday, September 10th. Finally, Evercore ISI boosted their target price on shares of Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $883.04.

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.