Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Affinity Capital Advisors LLC

Affinity Capital Advisors LLC cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 598 shares of the retailer’s stock after selling 27 shares during the period. Affinity Capital Advisors LLC’s holdings in Costco Wholesale were worth $530,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Redmont Wealth Advisors LLC purchased a new position in Costco Wholesale in the 1st quarter valued at approximately $32,000. Vima LLC acquired a new position in Costco Wholesale during the 4th quarter worth $34,000. Financial Connections Group Inc. increased its holdings in Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares during the period. Bank & Trust Co purchased a new stake in Costco Wholesale during the 2nd quarter worth about $48,000. Finally, Ruedi Wealth Management Inc. raised its position in Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after purchasing an additional 25 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were 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 in the company, valued at approximately $5,041,057.60. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,174 shares of company stock valued at $7,097,624 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 1.1 %

Shares of COST stock opened at $873.59 on Tuesday. The firm has a market capitalization of $387.29 billion, a PE ratio of 54.13, a P/E/G ratio of 5.34 and a beta of 0.80. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83. The business’s fifty day moving average price is $875.41 and its 200 day moving average price is $822.49. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale (NASDAQ:COST) last released 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 business 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%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.86 EPS. As a group, sell-side analysts forecast that Costco Wholesale Co. will post 17.73 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders 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 dividend yield of 0.53%. Costco Wholesale’s dividend payout ratio is presently 28.75%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Stifel Nicolaus upped their target price on shares of Costco Wholesale from $915.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. BMO Capital Markets reaffirmed an “outperform” rating and set a $980.00 price objective (up from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. Oppenheimer boosted their target price on shares of Costco Wholesale from $925.00 to $955.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Finally, TD Cowen raised their price target on Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus 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.