Costco Wholesale Corporation $COST Shares Sold by Capital Advisors Inc. OK

Capital Advisors Inc. OK decreased its position in Costco Wholesale Corporation (NASDAQ:COST) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,070 shares of the retailer’s stock after selling 31 shares during the quarter. Capital Advisors Inc. OK’s holdings in Costco Wholesale were worth $4,029,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in COST. Iowa State Bank lifted its stake in Costco Wholesale by 1.5% during the second quarter. Iowa State Bank now owns 2,198 shares of the retailer’s stock worth $2,176,000 after purchasing an additional 32 shares during the last quarter. Relyea Zuckerberg Hanson LLC raised its holdings in shares of Costco Wholesale by 5.5% during the second quarter. Relyea Zuckerberg Hanson LLC now owns 2,149 shares of the retailer’s stock worth $2,128,000 after purchasing an additional 112 shares during the period. Belpointe Asset Management LLC lifted its position in shares of Costco Wholesale by 9.0% in the 2nd quarter. Belpointe Asset Management LLC now owns 8,166 shares of the retailer’s stock worth $8,084,000 after buying an additional 673 shares during the last quarter. Valley National Advisers Inc. boosted its holdings in shares of Costco Wholesale by 0.9% in the 2nd quarter. Valley National Advisers Inc. now owns 2,558 shares of the retailer’s stock valued at $2,531,000 after buying an additional 23 shares during the period. Finally, Duncan Williams Asset Management LLC grew its position in shares of Costco Wholesale by 8.9% during the 2nd quarter. Duncan Williams Asset Management LLC now owns 1,478 shares of the retailer’s stock valued at $1,463,000 after buying an additional 121 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction that occurred on Monday, September 29th. The stock was sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the sale, the executive vice president directly owned 9,740 shares in the company, valued at $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the transaction, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 7,981 shares of company stock valued at $7,588,685. Company insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent research reports. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the stock a “neutral” rating in a report on Friday, September 26th. Weiss Ratings reissued a “buy (b-)” rating on shares of Costco Wholesale in a report on Saturday, September 27th. Evercore ISI reduced their price objective on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Wolfe Research initiated coverage on Costco Wholesale in a research report on Thursday, September 18th. They issued a “peer perform” rating on the stock. Finally, Sanford C. Bernstein raised their target price on Costco Wholesale from $1,137.00 to $1,140.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,067.19.

Costco Wholesale Trading Down 0.5%

Shares of COST stock opened at $910.94 on Tuesday. Costco Wholesale Corporation has a 1 year low of $867.34 and a 1 year high of $1,078.23. The firm has a market capitalization of $403.98 billion, a PE ratio of 50.02, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98. The stock has a fifty day moving average of $953.08 and a two-hundred day moving average of $972.16. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03.

Costco Wholesale (NASDAQ:COST) last issued 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 company had revenue of $86.16 billion for 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%.The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period last year, the company earned $5.15 earnings per share. As a group, research analysts expect 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. Stockholders of record on Friday, August 1st were paid a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio is currently 28.56%.

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.