Costco Wholesale Corporation $COST Shares Bought by Three Bridge Wealth Advisors LLC

Three Bridge Wealth Advisors LLC raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 63.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 938 shares of the retailer’s stock after acquiring an additional 364 shares during the quarter. Three Bridge Wealth Advisors LLC’s holdings in Costco Wholesale were worth $929,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Costco Wholesale during the first quarter worth about $3,461,159,000. Kingstone Capital Partners Texas LLC grew its position in shares of Costco Wholesale by 418,980.3% during the second quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock worth $2,335,686,000 after buying an additional 2,358,859 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Costco Wholesale by 1.0% during the first quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock worth $40,332,515,000 after buying an additional 443,101 shares in the last quarter. National Bank of Canada FI grew its position in shares of Costco Wholesale by 84.0% during the first quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock worth $768,114,000 after buying an additional 370,806 shares in the last quarter. Finally, Invesco Ltd. grew its position in shares of Costco Wholesale by 5.2% during the first quarter. Invesco Ltd. now owns 3,907,670 shares of the retailer’s stock worth $3,695,796,000 after buying an additional 191,985 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Teresa A. Jones sold 600 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,981 shares of company stock valued at $7,588,685 over the last three months. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $915.38 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The stock has a fifty day moving average price of $953.54 and a 200 day moving average price of $972.15. Costco Wholesale Corporation has a 1-year low of $867.34 and a 1-year high of $1,078.23. The company has a market cap of $405.95 billion, a PE ratio of 50.27, a P/E/G ratio of 5.55 and a beta of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping the consensus estimate of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. During the same period last year, the company earned $5.15 earnings per share. The company’s revenue for the quarter was up 8.1% on a year-over-year basis. Sell-side analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.56%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on COST shares. Roth Capital set a $907.00 price objective on Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday, September 26th. Daiwa Capital Markets lowered their price objective on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating for the company in a research report on Tuesday, September 30th. The Goldman Sachs Group boosted their price objective on Costco Wholesale from $1,333.00 to $1,418.00 and gave the stock a “buy” rating in a research report on Friday, September 26th. Argus boosted their price objective on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Finally, Truist Financial lowered their price objective on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $1,067.19.

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.