GSB Wealth Management LLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,932 shares of the retailer’s stock after selling 66 shares during the period. GSB Wealth Management LLC’s holdings in Costco Wholesale were worth $3,486,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Trajan Wealth LLC boosted its position in shares of Costco Wholesale by 10.2% in the 3rd quarter. Trajan Wealth LLC now owns 35,319 shares of the retailer’s stock worth $31,311,000 after purchasing an additional 3,276 shares during the last quarter. Adams Diversified Equity Fund Inc. bought a new position in Costco Wholesale during the third quarter worth about $8,688,000. Pathway Financial Advisers LLC lifted its holdings in Costco Wholesale by 75,894.4% during the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock worth $300,473,000 after acquiring an additional 338,489 shares in the last quarter. Mutual Advisors LLC lifted its holdings in Costco Wholesale by 5.4% during the third quarter. Mutual Advisors LLC now owns 15,862 shares of the retailer’s stock worth $14,172,000 after acquiring an additional 819 shares in the last quarter. Finally, Adell Harriman & Carpenter Inc. lifted its holdings in Costco Wholesale by 1.7% during the third quarter. Adell Harriman & Carpenter Inc. now owns 36,926 shares of the retailer’s stock worth $32,736,000 after acquiring an additional 615 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.
Costco Wholesale Price Performance
Shares of NASDAQ COST opened at $879.09 on Thursday. The business’s 50 day moving average price is $892.30 and its two-hundred day moving average price is $842.70. The company has a market cap of $389.50 billion, a PE ratio of 53.05, a price-to-earnings-growth ratio of 5.48 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a twelve month low of $549.06 and a twelve month high of $923.83.
Costco Wholesale Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.
Wall Street Analyst Weigh In
Several research firms have weighed in on COST. Oppenheimer lifted their target price on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Evercore ISI lifted their target price on Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted their target price on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Sanford C. Bernstein started coverage on Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price on the stock. Finally, StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $894.57.
Check Out Our Latest Stock Report on Costco Wholesale
Insiders Place Their Bets
In other news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the sale, the executive vice president now owns 23,800 shares in the company, valued at $20,560,344. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the sale, the executive vice president now owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. This 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 valued at $11,238,510 over the last 90 days. 0.18% of the stock is currently owned by insiders.
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.
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