Evolution Wealth Advisors LLC Boosts Holdings in Costco Wholesale Co. (NASDAQ:COST)

Evolution Wealth Advisors LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 306 shares of the retailer’s stock after purchasing an additional 32 shares during the period. Evolution Wealth Advisors LLC’s holdings in Costco Wholesale were worth $271,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Resurgent Financial Advisors LLC raised its stake in Costco Wholesale by 1.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock valued at $1,004,000 after purchasing an additional 14 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in shares of Costco Wholesale by 22.3% in the first quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock valued at $5,655,000 after purchasing an additional 1,408 shares during the last quarter. TIAA Trust National Association increased its stake in shares of Costco Wholesale by 0.5% in the 1st quarter. TIAA Trust National Association now owns 21,076 shares of the retailer’s stock worth $15,441,000 after acquiring an additional 108 shares during the last quarter. Hutner Capital Management Inc. raised its holdings in shares of Costco Wholesale by 0.3% during the 1st quarter. Hutner Capital Management Inc. now owns 16,330 shares of the retailer’s stock worth $11,964,000 after acquiring an additional 50 shares during the period. Finally, Ironsides Asset Advisors LLC boosted its position in shares of Costco Wholesale by 8.0% during the 1st quarter. Ironsides Asset Advisors LLC now owns 366 shares of the retailer’s stock valued at $268,000 after acquiring an additional 27 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale 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 sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. The trade was a 27.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the company’s stock in a transaction on 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 directly owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,016 shares of company stock valued at $9,826,115 over the last quarter. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $907.07 on Friday. The firm has a market capitalization of $401.90 billion, a price-to-earnings ratio of 54.74, a PEG ratio of 5.76 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm’s fifty day simple moving average is $897.62 and its 200-day simple moving average is $857.72. Costco Wholesale Co. has a twelve month low of $572.24 and a twelve month high of $962.00.

Costco Wholesale (NASDAQ:COST) last issued its earnings results 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. The business had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $4.86 EPS. Equities analysts forecast that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s payout ratio is currently 28.00%.

Analyst Ratings Changes

COST has been the subject of several recent analyst reports. Barclays raised their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target for the company. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. The Goldman Sachs Group raised their target price on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. 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.com, the company currently has an average rating of “Moderate Buy” and an average target price of $905.30.

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.