Costco Wholesale Co. (NASDAQ:COST) Holdings Lowered by Miramar Capital LLC

Miramar Capital LLC lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 11.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 515 shares of the retailer’s stock after selling 67 shares during the quarter. Miramar Capital LLC’s holdings in Costco Wholesale were worth $457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Fermata Advisors LLC lifted its position in Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after buying an additional 11 shares during the last quarter. Oak Asset Management LLC raised its holdings in shares of Costco Wholesale by 0.3% during the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after acquiring an additional 12 shares in the last quarter. Peddock Capital Advisors LLC boosted its stake in shares of Costco Wholesale by 0.7% during the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock valued at $1,518,000 after purchasing an additional 12 shares in the last quarter. Perkins Coie Trust Co grew its holdings in shares of Costco Wholesale by 0.3% during the 3rd quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after acquiring an additional 12 shares during the period. Finally, Firethorn Wealth Partners LLC raised its holdings in Costco Wholesale by 3.5% in the third quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock worth $318,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $907.07 on Friday. The business’s fifty day moving average price is $897.62 and its 200 day moving average price is $857.72. Costco Wholesale Co. has a twelve month low of $572.24 and a twelve month high of $962.00. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $401.90 billion, a P/E ratio of 54.74, a PEG ratio of 5.76 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 net margin of 2.90% and a return on equity of 31.05%. The business had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter last year, the firm posted $4.86 EPS. The business’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, research analysts anticipate that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. Costco Wholesale’s payout ratio is currently 28.00%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the 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 transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. This trade represents a 27.05 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,016 shares of company stock valued at $9,826,115. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Loop Capital upped their price target on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Wells Fargo & Company increased their target price on Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. The Goldman Sachs Group upped their price objective on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Tigress Financial restated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Stifel Nicolaus upped their price objective on Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $905.30.

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.