Hiley Hunt Wealth Management Trims Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Hiley Hunt Wealth Management lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 17.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 673 shares of the retailer’s stock after selling 143 shares during the period. Costco Wholesale comprises about 0.3% of Hiley Hunt Wealth Management’s investment portfolio, making the stock its 26th largest position. Hiley Hunt Wealth Management’s holdings in Costco Wholesale were worth $597,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of COST. RPg Family Wealth Advisory LLC purchased a new stake in Costco Wholesale during the 3rd quarter valued at about $29,000. Financial Connections Group Inc. boosted its holdings in shares of Costco Wholesale by 557.1% during 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 during the last quarter. Summit Securities Group LLC bought a new stake in shares of Costco Wholesale in the second quarter worth approximately $50,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in shares of Costco Wholesale during the third quarter valued at approximately $58,000. Finally, Fairway Wealth LLC lifted its holdings in shares of Costco Wholesale by 230.0% during the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after buying an additional 46 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the transaction, the executive vice president now 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was 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 approximately $9,091,512.30. This trade represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,016 shares of company stock worth $9,826,115. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 1.0 %

NASDAQ COST traded down $10.09 during trading hours on Tuesday, hitting $982.78. 1,351,299 shares of the company’s stock were exchanged, compared to its average volume of 1,929,190. Costco Wholesale Co. has a 12-month low of $640.51 and a 12-month high of $1,008.25. The business’s 50 day moving average is $929.23 and its 200-day moving average is $887.00. The firm has a market capitalization of $435.44 billion, a P/E ratio of 58.28, a price-to-earnings-growth ratio of 6.02 and a beta of 0.82. 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 released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.10. The company had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 33.19%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.86 earnings per share. As a group, analysts anticipate that Costco Wholesale Co. will post 17.83 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.47%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COST shares. Roth Mkm boosted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research note on Friday. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Truist Financial lifted their price objective on shares of Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday. Jefferies Financial Group boosted their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $988.46.

About Costco Wholesale

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.