Tradewinds LLC. Trims Stock Position in Costco Wholesale Corporation $COST

Tradewinds LLC. cut its position in Costco Wholesale Corporation (NASDAQ:COST) by 72.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 266 shares of the retailer’s stock after selling 690 shares during the quarter. Tradewinds LLC.’s holdings in Costco Wholesale were worth $263,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently made changes to their positions in the company. Corps Capital Advisors LLC boosted its stake in Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after buying an additional 10 shares during the period. Covestor Ltd raised its holdings in shares of Costco Wholesale by 8.6% in the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after acquiring an additional 10 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in shares of Costco Wholesale by 0.4% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,071 shares of the retailer’s stock valued at $2,905,000 after acquiring an additional 11 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its position in shares of Costco Wholesale by 0.4% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock valued at $2,327,000 after acquiring an additional 11 shares during the last quarter. Finally, Redwood Park Advisors LLC grew its holdings in shares of Costco Wholesale by 6.8% during the first quarter. Redwood Park Advisors LLC now owns 173 shares of the retailer’s stock worth $163,000 after purchasing an additional 11 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 Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the sale, the executive vice president directly owned 9,740 shares of the company’s stock, valued at approximately $8,912,100. The trade was a 25.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Claudine Adamo sold 2,700 shares of Costco Wholesale stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $935.68, for a total value of $2,526,336.00. Following the sale, the executive vice president owned 6,851 shares in the company, valued at $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 7,920 shares of company stock worth $7,373,175. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $935.03 on Thursday. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20. The firm has a market cap of $414.39 billion, a P/E ratio of 51.35, a P/E/G ratio of 5.54 and a beta of 0.98. Costco Wholesale Corporation has a 1-year low of $871.71 and a 1-year high of $1,078.23. The firm has a 50-day moving average of $938.96 and a 200-day moving average of $969.33.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.Costco Wholesale’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $5.15 EPS. Sell-side analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, October 31st. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.56%.

Analyst Ratings Changes

COST has been the topic of a number of recent analyst reports. Wolfe Research assumed coverage on shares of Costco Wholesale in a research report on Thursday, September 18th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. dropped their price objective on shares of Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a report on Friday, September 26th. Oppenheimer reduced their target price on Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating on the stock in a research note on Monday. BTIG Research assumed coverage on Costco Wholesale in a research note on Tuesday, October 14th. They set a “buy” rating and a $1,115.00 price target for the company. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Costco Wholesale in a report on Wednesday, October 8th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $1,064.85.

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.