Costco Wholesale Co. (NASDAQ:COST) is Processus Wealth & Capital Management LLC’s 8th Largest Position

Processus Wealth & Capital Management LLC trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.9% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,790 shares of the retailer’s stock after selling 299 shares during the period. Costco Wholesale comprises 3.5% of Processus Wealth & Capital Management LLC’s investment portfolio, making the stock its 8th largest position. Processus Wealth & Capital Management LLC’s holdings in Costco Wholesale were worth $4,247,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of COST. Vanguard Group Inc. increased its holdings in shares of Costco Wholesale by 1.2% in the first quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after buying an additional 473,702 shares during the period. International Assets Investment Management LLC increased its stake in Costco Wholesale by 113,947.9% in the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Capital World Investors increased its stake in Costco Wholesale by 8.1% in the 1st quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after purchasing an additional 285,533 shares during the period. Legal & General Group Plc boosted its stake in shares of Costco Wholesale by 2.5% during the second quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock valued at $3,102,941,000 after purchasing an additional 88,550 shares during the period. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Costco Wholesale by 28.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after purchasing an additional 338,780 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In related news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction that occurred 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 directly owns 11,775 shares in the company, valued at $10,320,787.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated 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 sale, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,636 shares of company stock worth $11,238,510 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Up 3.3 %

COST stock opened at $943.80 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average of $893.49 and a 200 day moving average of $850.73. Costco Wholesale Co. has a twelve month low of $562.01 and a twelve month high of $962.00. The firm has a market cap of $418.17 billion, a PE ratio of 56.96, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company earned $4.86 earnings per share. On average, research analysts forecast that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $1.16 dividend. The ex-dividend date is Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. Costco Wholesale’s dividend payout ratio is presently 28.00%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Melius Research started coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They set a “hold” rating and a $950.00 price target for the company. TD Cowen increased 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, September 30th. DA Davidson reissued a “neutral” rating and issued a $880.00 target price on shares of Costco Wholesale in a research note on Thursday, October 10th. The Goldman Sachs Group upped their price target on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Finally, StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $905.30.

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.