Accretive Wealth Partners LLC Has $322,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Accretive Wealth Partners LLC lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 57.2% in the third quarter, Holdings Channel.com reports. The firm owned 363 shares of the retailer’s stock after selling 486 shares during the quarter. Accretive Wealth Partners LLC’s holdings in Costco Wholesale were worth $322,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Raymond James Trust N.A. lifted its holdings in Costco Wholesale by 3.9% during the 3rd quarter. Raymond James Trust N.A. now owns 23,959 shares of the retailer’s stock worth $21,240,000 after buying an additional 901 shares during the period. Concorde Asset Management LLC lifted its stake in shares of Costco Wholesale by 3.0% in the third quarter. Concorde Asset Management LLC now owns 753 shares of the retailer’s stock worth $668,000 after acquiring an additional 22 shares during the period. 49 Wealth Management LLC boosted its holdings in Costco Wholesale by 36.5% in the third quarter. 49 Wealth Management LLC now owns 962 shares of the retailer’s stock valued at $853,000 after acquiring an additional 257 shares during the last quarter. Eagle Asset Management Inc. raised its holdings in Costco Wholesale by 16.0% during the 3rd quarter. Eagle Asset Management Inc. now owns 15,652 shares of the retailer’s stock worth $14,772,000 after purchasing an additional 2,156 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Costco Wholesale by 1.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after purchasing an additional 32,074 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 3.3 %

COST stock opened at $958.25 on Friday. Costco Wholesale Co. has a 1-year low of $582.83 and a 1-year high of $962.00. The stock has a market cap of $424.57 billion, a P/E ratio of 57.83, a P/E/G ratio of 5.74 and a beta of 0.80. The stock’s fifty day simple moving average is $900.22 and its two-hundred day simple moving average is $863.38. 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 issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. During the same period in the previous year, the firm earned $4.86 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Analysts expect that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. Costco Wholesale’s payout ratio is currently 28.00%.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the transaction, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. This trade represents a 27.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. The trade was a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 11,016 shares of company stock worth $9,826,115. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Tigress Financial reiterated a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 17th. Barclays upped their price target on shares of Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. TD Cowen lifted their price objective on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft upped their target price on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, Loop Capital lifted their target price on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $908.81.

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.