Bruderman Asset Management LLC trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 3.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,323 shares of the retailer’s stock after selling 788 shares during the quarter. Costco Wholesale accounts for 2.5% of Bruderman Asset Management LLC’s holdings, making the stock its 11th largest holding. Bruderman Asset Management LLC’s holdings in Costco Wholesale were worth $7,570,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in COST. Provident Wealth Management LLC acquired a new position in shares of Costco Wholesale during the third quarter worth $26,000. Red Cedar Capital LLC increased its position in shares of Costco Wholesale by 588.2% during the second quarter. Red Cedar Capital LLC now owns 117 shares of the retailer’s stock worth $35,000 after acquiring an additional 100 shares in the last quarter. Campbell Wealth Management bought a new stake in shares of Costco Wholesale during the second quarter worth about $49,000. Cerebellum GP LLC bought a new stake in Costco Wholesale in the 2nd quarter worth about $32,000. Finally, Gables Capital Management Inc. grew its position in Costco Wholesale by 40.5% in the 2nd quarter. Gables Capital Management Inc. now owns 177 shares of the retailer’s stock worth $54,000 after purchasing an additional 51 shares in the last quarter. 68.20% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have issued reports on the stock. Barclays raised shares of Costco Wholesale from an “equal weight” rating to an “overweight” rating and set a $400.00 price objective for the company in a research report on Tuesday, October 6th. Raymond James upped their price objective on shares of Costco Wholesale from $355.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, September 25th. Cowen upped their price objective on shares of Costco Wholesale from $370.00 to $410.00 in a research report on Wednesday, September 2nd. MKM Partners upped their price objective on shares of Costco Wholesale from $320.00 to $325.00 and gave the stock a “neutral” rating in a research report on Friday, September 25th. Finally, BMO Capital Markets upped their price objective on shares of Costco Wholesale from $340.00 to $385.00 and gave the stock an “outperform” rating in a research report on Friday, September 25th. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $368.54.

Shares of NASDAQ:COST opened at $381.54 on Friday. The company’s fifty day moving average price is $351.05 and its 200-day moving average price is $322.70. The firm has a market capitalization of $168.35 billion, a price-to-earnings ratio of 42.30, a PEG ratio of 4.70 and a beta of 0.69. Costco Wholesale Co. has a one year low of $271.28 and a one year high of $384.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.13 and a quick ratio of 0.64.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 24th. The retailer reported $3.13 EPS for the quarter, topping the Zacks’ consensus estimate of $2.85 by $0.28. The firm had revenue of $52.28 billion for the quarter, compared to analyst estimates of $52.03 billion. Costco Wholesale had a net margin of 2.40% and a return on equity of 22.71%. The business’s revenue for the quarter was up 10.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.69 EPS. As a group, equities research analysts expect that Costco Wholesale Co. will post 9.56 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be issued a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, October 29th. Costco Wholesale’s dividend payout ratio is currently 31.64%.

In other Costco Wholesale news, Director Kenneth D. Denman sold 300 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $355.69, for a total transaction of $106,707.00. Following the completion of the sale, the director now owns 4,433 shares of the company’s stock, valued at approximately $1,576,773.77. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP James C. Klauer sold 4,000 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $342.72, for a total transaction of $1,370,880.00. Following the sale, the executive vice president now directly owns 49,402 shares of the company’s stock, valued at approximately $16,931,053.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,804 shares of company stock worth $5,460,267. 0.22% of the stock is owned by insiders.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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