Boston Family Office LLC Has $11.39 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Boston Family Office LLC lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,849 shares of the retailer’s stock after selling 74 shares during the quarter. Boston Family Office LLC’s holdings in Costco Wholesale were worth $11,391,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Financial Connections Group Inc. boosted its position in shares of 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 in the last quarter. Bank & Trust Co purchased a new stake in Costco Wholesale in the 2nd quarter valued at about $48,000. Ruedi Wealth Management Inc. increased its stake 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 buying an additional 25 shares during the last quarter. Summit Securities Group LLC purchased a new stake in Costco Wholesale in the 2nd quarter valued at about $50,000. Finally, Fairway Wealth LLC increased its stake in Costco Wholesale by 230.0% in the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after buying an additional 46 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $964.01 on Monday. The stock has a market cap of $427.12 billion, a PE ratio of 58.18, a price-to-earnings-growth ratio of 5.95 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale Co. has a fifty-two week low of $582.83 and a fifty-two week high of $976.30. The firm’s 50-day simple moving average is $901.18 and its two-hundred day simple moving average is $866.19.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data 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 net margin of 2.90% and a return on equity of 31.05%. The business’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.86 earnings per share. Analysts anticipate that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s payout ratio is 28.00%.

Insider Activity

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were 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 in the company, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the sale, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. This represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,016 shares of company stock worth $9,826,115 over the last 90 days. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

COST has been the topic of a number of research reports. DA Davidson reaffirmed a “neutral” rating and issued a $880.00 price target on shares of Costco Wholesale in a report on Thursday, October 10th. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. BMO Capital Markets boosted their price target on shares of Costco Wholesale from $980.00 to $1,075.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Stifel Nicolaus upped their target price on shares of Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $908.81.

Costco Wholesale Company 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.