Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Cahill Financial Advisors Inc.

Cahill Financial Advisors Inc. trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 12.7% during the third quarter, Holdings Channel.com reports. The fund owned 1,034 shares of the retailer’s stock after selling 151 shares during the period. Cahill Financial Advisors Inc.’s holdings in Costco Wholesale were worth $917,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fermata Advisors LLC increased its holdings in shares of Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after purchasing an additional 11 shares during the period. Oak Asset Management LLC boosted 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 worth $3,737,000 after purchasing an additional 12 shares during the period. Peddock Capital Advisors LLC grew its position in Costco Wholesale by 0.7% during 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 in the last quarter. Perkins Coie Trust Co increased its stake in Costco Wholesale by 0.3% in the 3rd quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock valued at $4,144,000 after buying an additional 12 shares during the period. Finally, Firethorn Wealth Partners LLC lifted its position in Costco Wholesale by 3.5% in the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock worth $318,000 after buying an additional 12 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The trade was a 27.05 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. This represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,016 shares of company stock worth $9,826,115 over the last three months. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on COST shares. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Deutsche Bank Aktiengesellschaft boosted their target price on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Evercore ISI raised their price target on Costco Wholesale from $985.00 to $990.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. TD Cowen lifted their price target on Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a report on Monday, September 30th. Finally, The Goldman Sachs Group increased their price objective on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $908.81.

Costco Wholesale Stock Up 0.9 %

COST opened at $964.01 on Friday. The business has a 50 day moving average of $901.18 and a 200-day moving average of $865.47. The stock has a market capitalization of $427.12 billion, a price-to-earnings ratio of 58.18, a P/E/G ratio of 5.90 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 1-year low of $582.83 and a 1-year high of $976.30.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share 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 firm had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. During the same period in the prior year, the firm earned $4.86 EPS. The business’s revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors 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 dividend payout ratio (DPR) is presently 28.00%.

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.