Core Wealth Partners LLC Decreases Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Core Wealth Partners LLC cut its position in Costco Wholesale Co. (NASDAQ:COST) by 8.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,599 shares of the retailer’s stock after selling 244 shares during the period. Costco Wholesale accounts for 1.4% of Core Wealth Partners LLC’s holdings, making the stock its 14th largest position. Core Wealth Partners LLC’s holdings in Costco Wholesale were worth $2,304,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Jag Capital Management LLC grew its stake in Costco Wholesale by 9.1% during the 3rd quarter. Jag Capital Management LLC now owns 27,877 shares of the retailer’s stock valued at $24,714,000 after acquiring an additional 2,324 shares in the last quarter. Addison Advisors LLC boosted its holdings in shares of Costco Wholesale by 113.5% during the 3rd quarter. Addison Advisors LLC now owns 333 shares of the retailer’s stock worth $295,000 after purchasing an additional 177 shares during the last quarter. GDS Wealth Management grew its position in shares of Costco Wholesale by 89.8% in the third quarter. GDS Wealth Management now owns 1,150 shares of the retailer’s stock valued at $1,019,000 after purchasing an additional 544 shares in the last quarter. Catalytic Wealth RIA LLC increased its holdings in shares of Costco Wholesale by 62.9% in the third quarter. Catalytic Wealth RIA LLC now owns 3,773 shares of the retailer’s stock valued at $3,345,000 after purchasing an additional 1,457 shares during the last quarter. Finally, Chartwell Investment Partners LLC lifted its position in Costco Wholesale by 7.2% during the third quarter. Chartwell Investment Partners LLC now owns 17,466 shares of the retailer’s stock worth $15,484,000 after buying an additional 1,173 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In related news, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the transaction, the executive vice president now owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Russell D. Miller sold 4,400 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the completion of the transaction, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 12,636 shares of company stock valued at $11,238,510. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.3 %

Shares of NASDAQ COST opened at $947.00 on Monday. The stock has a market cap of $419.59 billion, a P/E ratio of 56.96, a PEG ratio of 5.81 and a beta of 0.80. The business’s fifty day simple moving average is $893.49 and its 200-day simple moving average is $852.53. Costco Wholesale Co. has a 12-month low of $572.24 and a 12-month high of $962.00. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company posted $4.86 earnings per share. As a group, equities analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $1.16 dividend. The ex-dividend date is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. Costco Wholesale’s payout ratio is 28.00%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COST. Evercore ISI upped their target price on Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Roth Mkm raised their price objective on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research note on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price on the stock. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a research note on Tuesday, September 24th. Finally, The Goldman Sachs Group lifted their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $905.30.

Costco Wholesale 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.