DDD Partners LLC Has $24.17 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

DDD Partners LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,434 shares of the retailer’s stock after selling 475 shares during the quarter. Costco Wholesale comprises 2.8% of DDD Partners LLC’s investment portfolio, making the stock its 7th biggest holding. DDD Partners LLC’s holdings in Costco Wholesale were worth $24,169,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in COST. Resonant Capital Advisors LLC grew its stake in Costco Wholesale by 3.6% in the second quarter. Resonant Capital Advisors LLC now owns 5,690 shares of the retailer’s stock valued at $4,836,000 after acquiring an additional 196 shares during the period. United Asset Strategies Inc. raised its holdings in Costco Wholesale by 2.2% during the second quarter. United Asset Strategies Inc. now owns 2,166 shares of the retailer’s stock worth $1,841,000 after buying an additional 46 shares during the last quarter. PrairieView Partners LLC lifted its stake in shares of Costco Wholesale by 125.6% in the second quarter. PrairieView Partners LLC now owns 959 shares of the retailer’s stock valued at $815,000 after buying an additional 534 shares in the last quarter. Elevated Capital Advisors LLC grew its holdings in shares of Costco Wholesale by 6.2% during the second quarter. Elevated Capital Advisors LLC now owns 1,474 shares of the retailer’s stock valued at $1,253,000 after buying an additional 86 shares during the last quarter. Finally, Union Savings Bank increased its position in shares of Costco Wholesale by 0.8% during the second quarter. Union Savings Bank now owns 2,526 shares of the retailer’s stock worth $2,147,000 after acquiring an additional 19 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on COST. Stifel Nicolaus raised their price target on shares of Costco Wholesale from $900.00 to $950.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Argus upped their price target on Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Roth Mkm restated a “neutral” rating and set a $676.00 price objective (up from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. BMO Capital Markets upped their target price on shares of Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Finally, Wells Fargo & Company raised their price target on shares of Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $824.50.

Insiders Place Their Bets

In other news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the transaction, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $4,252,856 in the last three months. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock traded up $5.75 during trading hours on Monday, reaching $892.38. The company had a trading volume of 1,933,400 shares, compared to its average volume of 1,963,158. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. Costco Wholesale Co. has a one year low of $539.31 and a one year high of $918.93. The firm has a market cap of $395.62 billion, a PE ratio of 55.29, a price-to-earnings-growth ratio of 5.98 and a beta of 0.78. The business has a fifty day simple moving average of $854.20 and a 200 day simple moving average of $795.09.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.08. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The firm had revenue of $58.52 billion for the quarter, compared to analysts’ expectations of $58.16 billion. During the same period in the prior year, the business posted $3.43 earnings per share. The company’s revenue was up 9.1% on a year-over-year basis. On average, analysts anticipate that Costco Wholesale Co. will post 15.98 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

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.