Sargent Investment Group LLC Acquires 238 Shares of Costco Wholesale Co. (NASDAQ:COST)

Sargent Investment Group LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 6.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,129 shares of the retailer’s stock after purchasing an additional 238 shares during the quarter. Sargent Investment Group LLC’s holdings in Costco Wholesale were worth $3,660,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Omnia Family Wealth LLC grew its position in shares of Costco Wholesale by 14.4% in the third quarter. Omnia Family Wealth LLC now owns 325 shares of the retailer’s stock valued at $288,000 after purchasing an additional 41 shares during the last quarter. Metis Global Partners LLC grew its position in Costco Wholesale by 0.8% during the third quarter. Metis Global Partners LLC now owns 21,557 shares of the retailer’s stock worth $19,111,000 after buying an additional 170 shares in the last quarter. Schulhoff & Co. Inc. grew its position in Costco Wholesale by 4.5% during the third quarter. Schulhoff & Co. Inc. now owns 1,415 shares of the retailer’s stock worth $1,255,000 after buying an additional 61 shares in the last quarter. Curi RMB Capital LLC grew its position in Costco Wholesale by 47.9% during the third quarter. Curi RMB Capital LLC now owns 2,721 shares of the retailer’s stock worth $2,412,000 after buying an additional 881 shares in the last quarter. Finally, KBC Group NV grew its position in Costco Wholesale by 1.4% during the third quarter. KBC Group NV now owns 88,206 shares of the retailer’s stock worth $78,197,000 after buying an additional 1,219 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

COST traded down $5.06 during trading on Thursday, hitting $928.67. The stock had a trading volume of 421,365 shares, compared to its average volume of 1,921,782. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm has a market capitalization of $411.47 billion, a P/E ratio of 55.97, a PEG ratio of 5.75 and a beta of 0.80. The company’s 50-day moving average price is $896.25 and its 200 day moving average price is $855.99. Costco Wholesale Co. has a twelve month low of $572.24 and a twelve month high of $962.00.

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

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is 28.00%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on COST shares. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a research note on Thursday, August 8th. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and upped their target price for the stock from $860.00 to $890.00 in a research note on Tuesday, September 10th. Stifel Nicolaus upped their target price on Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Melius Research started coverage on Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 target price for the company. Finally, Truist Financial cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price for the company. in a research note on Tuesday, September 24th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $905.30.

Insider Activity

In related news, 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 value of $2,844,768.00. Following the transaction, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total value 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,016 shares of company stock valued at $9,826,115. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Company 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.