Boston Family Office LLC Sells 74 Shares of Costco Wholesale Co. (NASDAQ:COST)

Boston Family Office LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.6% during the 3rd quarter, Holdings Channel reports. The fund owned 12,849 shares of the retailer’s stock after selling 74 shares during the period. Boston Family Office LLC’s holdings in Costco Wholesale were worth $11,391,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd raised its position in shares of Costco Wholesale by 44.1% during the 3rd quarter. Harvest Fund Management Co. Ltd now owns 32,858 shares of the retailer’s stock valued at $29,114,000 after purchasing an additional 10,054 shares during the period. Prosperity Financial Group Inc. raised its position in shares of Costco Wholesale by 6.1% during the 3rd quarter. Prosperity Financial Group Inc. now owns 3,149 shares of the retailer’s stock valued at $2,792,000 after purchasing an additional 180 shares during the period. Fisher Asset Management LLC raised its position in shares of Costco Wholesale by 2.7% during the 3rd quarter. Fisher Asset Management LLC now owns 3,034,491 shares of the retailer’s stock valued at $2,690,138,000 after purchasing an additional 78,590 shares during the period. Daiwa Securities Group Inc. raised its position in shares of Costco Wholesale by 19.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 105,621 shares of the retailer’s stock valued at $93,635,000 after purchasing an additional 16,836 shares during the period. Finally, Pekin Hardy Strauss Inc. raised its position in shares of Costco Wholesale by 1.7% during the 3rd quarter. Pekin Hardy Strauss Inc. now owns 760 shares of the retailer’s stock valued at $674,000 after purchasing an additional 13 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Up 0.9 %

Shares of COST opened at $964.01 on Monday. Costco Wholesale Co. has a 1-year low of $582.83 and a 1-year high of $976.30. The company has a 50-day moving average of $901.18 and a 200 day moving average of $866.19. The firm has a market capitalization of $427.12 billion, a price-to-earnings ratio of 58.18, a PEG ratio of 5.95 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. Costco Wholesale’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.86 EPS. On average, research analysts expect that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid 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 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. The trade was a 30.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction on Monday, September 30th. The shares were 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 directly owns 8,630 shares in the company, valued at $7,671,983.70. This trade represents a 27.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,016 shares of company stock worth $9,826,115 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on COST shares. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price for the company. The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Stifel Nicolaus raised their target price on shares of Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price for the company. in a research note on Tuesday, September 24th. Finally, Loop Capital raised their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $908.81.

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.