Costco Wholesale Co. (NASDAQ:COST) Stock Position Lowered by Fiduciary Family Office LLC

Fiduciary Family Office LLC trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 26.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,998 shares of the retailer’s stock after selling 716 shares during the period. Fiduciary Family Office LLC’s holdings in Costco Wholesale were worth $1,771,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in COST. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in shares of Costco Wholesale by 62.8% in the 3rd quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after purchasing an additional 932 shares during the period. Cantor Fitzgerald Investment Advisors L.P. boosted its holdings in shares of Costco Wholesale by 66.9% during the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 3,088 shares of the retailer’s stock worth $2,738,000 after buying an additional 1,238 shares during the period. J.W. Cole Advisors Inc. grew its position in shares of Costco Wholesale by 52.1% in the second quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after purchasing an additional 2,620 shares during the last quarter. Patton Fund Management Inc. acquired a new position in shares of Costco Wholesale in the third quarter valued at about $6,424,000. Finally, WestHill Financial Advisors Inc. increased its position in shares of Costco Wholesale by 328.4% in the third quarter. WestHill Financial Advisors Inc. now owns 1,435 shares of the retailer’s stock worth $1,272,000 after purchasing an additional 1,100 shares during the period. 68.48% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on COST shares. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target for the company. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Wells Fargo & Company raised their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Robert W. Baird upped their price objective on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Finally, Evercore ISI boosted their price objective on Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $905.30.

Insider Buying and Selling

In other news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the sale, the executive vice president now directly owns 23,800 shares in the company, valued at approximately $20,560,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the transaction, the executive vice president now owns 23,800 shares in the company, valued at approximately $20,560,344. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,636 shares of company stock worth $11,238,510 over the last 90 days. 0.18% of the stock is owned by insiders.

Costco Wholesale Price Performance

NASDAQ COST traded up $4.76 during trading hours on Tuesday, reaching $890.83. The company’s stock had a trading volume of 409,144 shares, compared to its average volume of 1,914,069. The firm has a market capitalization of $394.70 billion, a price-to-earnings ratio of 53.88, a P/E/G ratio of 5.40 and a beta of 0.80. The company’s 50-day moving average is $892.07 and its two-hundred day moving average is $847.07. 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 Co. has a 1-year low of $560.13 and a 1-year high of $923.83.

Costco Wholesale (NASDAQ:COST) last announced 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 31.05% and a net margin of 2.90%. The business had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same quarter in the prior year, the company posted $4.86 EPS. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, equities analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is 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.