Arrowroot Family Office LLC Has $901,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Arrowroot Family Office LLC trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 10.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,017 shares of the retailer’s stock after selling 114 shares during the quarter. Arrowroot Family Office LLC’s holdings in Costco Wholesale were worth $901,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Fermata Advisors LLC grew its holdings in shares of Costco Wholesale by 0.6% during the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after purchasing an additional 11 shares during the last quarter. Oak Asset Management LLC grew its stake in shares of Costco Wholesale by 0.3% in the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after purchasing an additional 12 shares during the last quarter. Peddock Capital Advisors LLC increased its holdings in Costco Wholesale by 0.7% in the second 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 during the period. Perkins Coie Trust Co lifted its holdings in 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 buying an additional 12 shares during the period. Finally, Horizon Wealth Management LLC lifted its stake in shares of Costco Wholesale by 4.7% in the third quarter. Horizon Wealth Management LLC now owns 268 shares of the retailer’s stock worth $237,000 after acquiring an additional 12 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Up 1.1 %

COST stock opened at $971.88 on Monday. The company has a market capitalization of $430.61 billion, a PE ratio of 58.65, a price-to-earnings-growth ratio of 6.00 and a beta of 0.80. The company’s 50 day moving average price is $907.62 and its two-hundred day moving average price is $872.68. Costco Wholesale Co. has a one year low of $582.83 and a one year high of $976.30. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate of $5.05 by $0.10. The company had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $4.86 earnings per share. As a group, analysts predict that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s payout ratio is 28.00%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a report on Thursday, August 8th. Oppenheimer upped their target price on Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. TD Cowen raised their price objective on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Telsey Advisory Group reissued an “outperform” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research note on Friday. Finally, Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $908.81.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were 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 owns 10,210 shares in the company, valued at approximately $9,155,409.10. This represents a 16.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction on 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 transaction, the executive vice president now owns 10,202 shares of the company’s stock, valued at $9,091,512.30. The trade was a 30.13 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,016 shares of company stock worth $9,826,115. 0.18% of the stock is currently owned by company insiders.

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.