William Allan Corp Sells 129 Shares of Costco Wholesale Co. (NASDAQ:COST)

William Allan Corp lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,170 shares of the retailer’s stock after selling 129 shares during the quarter. Costco Wholesale comprises about 4.3% of William Allan Corp’s investment portfolio, making the stock its 4th biggest position. William Allan Corp’s holdings in Costco Wholesale were worth $7,243,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the stock. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the third quarter worth approximately $29,000. Financial Connections Group Inc. raised its holdings in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after acquiring an additional 39 shares in the last quarter. Bank & Trust Co acquired a new position in Costco Wholesale in the 2nd quarter valued at approximately $48,000. Ruedi Wealth Management Inc. lifted its position in shares of Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after acquiring an additional 25 shares during the period. Finally, Summit Securities Group LLC acquired a new stake in shares of Costco Wholesale during the 2nd quarter worth approximately $50,000. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In other news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares in the company, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total value of $3,921,060.00. Following the completion of the sale, the executive vice president now directly 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 disclosure for this sale can be found here. Insiders sold a total of 11,016 shares of company stock valued at $9,826,115 over the last three months. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 1.0 %

Shares of NASDAQ:COST opened at $961.55 on Friday. The firm has a market cap of $426.03 billion, a price-to-earnings ratio of 58.03, a PEG ratio of 5.93 and a beta of 0.80. Costco Wholesale Co. has a 12 month low of $582.83 and a 12 month high of $976.30. The company’s fifty day simple moving average is $906.32 and its 200 day simple moving average is $870.06. 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 (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the business posted $4.86 EPS. As a group, research analysts forecast that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have commented on COST. TD Cowen raised their price target on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. DA Davidson reiterated a “neutral” rating and issued a $880.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 10th. Evercore ISI upped their target price on shares of Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Roth Mkm raised their price target on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Finally, StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price 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.