Carrera Capital Advisors Sells 715 Shares of Costco Wholesale Co. (NASDAQ:COST)

Carrera Capital Advisors lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 32.2% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,507 shares of the retailer’s stock after selling 715 shares during the period. Carrera Capital Advisors’ holdings in Costco Wholesale were worth $1,336,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Aptus Capital Advisors LLC increased its stake in Costco Wholesale by 18.4% during the 3rd quarter. Aptus Capital Advisors LLC now owns 22,963 shares of the retailer’s stock worth $20,357,000 after acquiring an additional 3,561 shares during the period. First Heartland Consultants Inc. increased its stake in Costco Wholesale by 3.6% during the 3rd quarter. First Heartland Consultants Inc. now owns 2,094 shares of the retailer’s stock worth $1,856,000 after acquiring an additional 72 shares during the period. Aigen Investment Management LP bought a new position in Costco Wholesale during the 3rd quarter worth $4,168,000. Prime Capital Investment Advisors LLC increased its stake in Costco Wholesale by 3.8% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 45,777 shares of the retailer’s stock worth $40,582,000 after acquiring an additional 1,672 shares during the period. Finally, Total Investment Management Inc. bought a new position in Costco Wholesale during the 3rd quarter worth $212,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.2 %

Shares of COST stock traded up $2.03 during mid-day trading on Tuesday, hitting $934.91. The company’s stock had a trading volume of 545,140 shares, compared to its average volume of 1,924,119. The company’s fifty day simple moving average is $894.30 and its 200-day simple moving average is $854.01. Costco Wholesale Co. has a 52 week low of $572.24 and a 52 week high of $962.00. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The company has a market cap of $414.23 billion, a PE ratio of 56.56, a P/E/G ratio of 5.81 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $79.91 billion. During the same period in the previous year, the company posted $4.86 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts expect that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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 given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s payout ratio is 28.00%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Roth Mkm raised their target price on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Redburn Atlantic downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and raised their target price for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a report on Thursday, August 8th. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Finally, StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $905.30.

Insider Activity at Costco Wholesale

In related news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the sale, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at $20,015,745. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the sale, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,136 shares of company stock valued at $10,806,570 in the last three months. Corporate insiders own 0.18% of the company’s stock.

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.