Border to Coast Pensions Partnership Ltd decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 38.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 29,288 shares of the retailer's stock after selling 18,612 shares during the quarter. Border to Coast Pensions Partnership Ltd's holdings in Costco Wholesale were worth $25,889,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also made changes to their positions in COST. Fermata Advisors LLC raised its holdings in shares of Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer's stock valued at $1,745,000 after buying an additional 11 shares during the period. Oak Asset Management LLC raised its stake in shares of Costco Wholesale by 0.3% during the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer's stock valued at $3,737,000 after purchasing an additional 12 shares during the period. Peddock Capital Advisors LLC raised its stake in shares of Costco Wholesale by 0.7% during the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer's stock valued at $1,518,000 after purchasing an additional 12 shares during the period. Perkins Coie Trust Co lifted its position in shares of Costco Wholesale by 0.3% during the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer's stock worth $4,144,000 after purchasing an additional 12 shares in the last quarter. Finally, Firethorn Wealth Partners LLC grew its holdings in Costco Wholesale by 3.5% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer's stock valued at $318,000 after purchasing an additional 12 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.
In other news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the transaction, the executive vice president now directly owns 10,210 shares in the company, valued at approximately $9,155,409.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Pierre Riel sold 2,000 shares of the firm's stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the transaction, the executive vice president now owns 10,210 shares in the company, valued at approximately $9,155,409.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Richard A. Galanti sold 500 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the sale, the executive vice president now directly owns 22,900 shares of the company's stock, valued at approximately $20,015,745. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 11,224 shares of company stock worth $9,974,973 over the last ninety days. Company insiders own 0.18% of the company's stock.
COST has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a "buy" rating in a research report on Thursday, August 8th. Oppenheimer raised their price objective on Costco Wholesale from $955.00 to $980.00 and gave the company an "outperform" rating in a research note on Thursday, October 10th. TD Cowen upped their target price on Costco Wholesale from $925.00 to $975.00 and gave the company a "buy" rating in a research report on Monday, September 30th. The Goldman Sachs Group raised their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a "buy" rating in a research report on Friday, September 27th. Finally, Gordon Haskett raised shares of Costco Wholesale from an "accumulate" rating to a "buy" rating and set a $925.00 price target on the stock in a report on Thursday, August 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat, Costco Wholesale presently has an average rating of "Moderate Buy" and a consensus price target of $890.07.
Read Our Latest Analysis on Costco Wholesale
COST opened at $886.77 on Tuesday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The stock's 50 day moving average price is $889.73 and its 200 day moving average price is $835.23. The stock has a market cap of $393.14 billion, a P/E ratio of 54.94, a P/E/G ratio of 5.48 and a beta of 0.80.
Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter in the prior year, the company posted $4.86 earnings per share. The company's quarterly revenue was up 1.0% compared to the same quarter last year. As a group, research analysts predict that Costco Wholesale Co. will post 17.74 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $1.16 per share. The ex-dividend date is Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.52%. Costco Wholesale's payout ratio is 28.75%.
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.
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