Glenmede Trust Co. NA Has $115.70 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Glenmede Trust Co. NA decreased its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.4% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 130,511 shares of the retailer’s stock after selling 506 shares during the quarter. Glenmede Trust Co. NA’s holdings in Costco Wholesale were worth $115,701,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of COST. China Universal Asset Management Co. Ltd. grew its position in Costco Wholesale by 22.3% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock worth $5,655,000 after purchasing an additional 1,408 shares in the last quarter. Investmark Advisory Group LLC lifted its position in shares of Costco Wholesale by 38.1% in the first quarter. Investmark Advisory Group LLC now owns 997 shares of the retailer’s stock worth $731,000 after purchasing an additional 275 shares in the last quarter. Kozak & Associates Inc. grew its position in Costco Wholesale by 13.1% during the first quarter. Kozak & Associates Inc. now owns 16,706 shares of the retailer’s stock valued at $13,249,000 after purchasing an additional 1,937 shares in the last quarter. Vima LLC lifted its position in Costco Wholesale by 6.3% in the 1st quarter. Vima LLC now owns 558 shares of the retailer’s stock worth $409,000 after buying an additional 33 shares in the last quarter. Finally, Citizens Financial Group Inc. RI boosted its stake in shares of Costco Wholesale by 2.8% during the 1st quarter. Citizens Financial Group Inc. RI now owns 21,782 shares of the retailer’s stock valued at $15,958,000 after buying an additional 596 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the subject of several recent research reports. Roth Mkm increased their price objective on Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Morgan Stanley lifted their price target on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. The Goldman Sachs Group increased their price objective on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a research report on Thursday, August 8th. Finally, Truist Financial downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target on the stock. in a report on Tuesday, September 24th. 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $908.81.

Insider Buying and Selling at Costco Wholesale

In related 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 completion of the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 11,016 shares of company stock worth $9,826,115 over the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 1.1 %

Shares of COST opened at $971.50 on Wednesday. Costco Wholesale Co. has a 52 week low of $582.83 and a 52 week high of $976.30. The firm has a market capitalization of $430.44 billion, a P/E ratio of 58.63, a P/E/G ratio of 5.93 and a beta of 0.80. The company has a 50-day simple moving average of $903.72 and a 200-day simple moving average of $868.77. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

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

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.00%.

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.