Dominguez Wealth Management Solutions Inc. Sells 56 Shares of Costco Wholesale Co. (NASDAQ:COST)

Dominguez Wealth Management Solutions Inc. cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,021 shares of the retailer’s stock after selling 56 shares during the quarter. Dominguez Wealth Management Solutions Inc.’s holdings in Costco Wholesale were worth $905,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. J. W. Coons Advisors LLC raised its position in Costco Wholesale by 2.0% in the 4th quarter. J. W. Coons Advisors LLC now owns 3,802 shares of the retailer’s stock worth $2,510,000 after purchasing an additional 75 shares during the period. Pinebridge Investments L.P. increased its position in shares of Costco Wholesale by 21.1% during the fourth quarter. Pinebridge Investments L.P. now owns 9,250 shares of the retailer’s stock worth $6,106,000 after acquiring an additional 1,611 shares during the period. Stephens Inc. AR raised its stake in shares of Costco Wholesale by 3.1% during the fourth quarter. Stephens Inc. AR now owns 14,689 shares of the retailer’s stock valued at $9,696,000 after acquiring an additional 440 shares in the last quarter. Morningstar Investment Services LLC boosted its holdings in shares of Costco Wholesale by 150.1% in the fourth quarter. Morningstar Investment Services LLC now owns 2,193 shares of the retailer’s stock valued at $1,454,000 after purchasing an additional 1,316 shares during the period. Finally, Frank Rimerman Advisors LLC bought a new position in Costco Wholesale in the fourth quarter worth approximately $26,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold 8,174 shares of company stock worth $7,097,624 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $875.67 on Friday. The company has a market capitalization of $388.21 billion, a PE ratio of 54.25, a price-to-earnings-growth ratio of 5.38 and a beta of 0.80. 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’s fifty day moving average price is $874.10 and its 200 day moving average price is $820.24. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.30%. The business had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same period in the prior year, the company posted $4.86 EPS. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, research analysts predict that Costco Wholesale Co. will post 17.74 earnings per share for the current year.

Costco Wholesale Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on COST shares. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a report on Thursday. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $915.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, September 27th. DA Davidson upped their target price on Costco Wholesale from $780.00 to $880.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.