Strategic Investment Solutions Inc. IL Lowers Stake in Costco Wholesale Co. (NASDAQ:COST)

Strategic Investment Solutions Inc. IL cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,241 shares of the retailer’s stock after selling 117 shares during the quarter. Costco Wholesale makes up 0.9% of Strategic Investment Solutions Inc. IL’s investment portfolio, making the stock its 26th largest position. Strategic Investment Solutions Inc. IL’s holdings in Costco Wholesale were worth $2,874,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Financial Management Network Inc. purchased a new stake in shares of Costco Wholesale during the third quarter worth about $4,461,000. West Wealth Group LLC boosted its position in shares of Costco Wholesale by 8.3% in the third quarter. West Wealth Group LLC now owns 667 shares of the retailer’s stock worth $591,000 after acquiring an additional 51 shares during the last quarter. HWG Holdings LP boosted its position in shares of Costco Wholesale by 15.6% in the third quarter. HWG Holdings LP now owns 6,429 shares of the retailer’s stock worth $5,699,000 after acquiring an additional 866 shares during the last quarter. Ballentine Partners LLC boosted its position in shares of Costco Wholesale by 2.1% in the third quarter. Ballentine Partners LLC now owns 9,706 shares of the retailer’s stock worth $8,605,000 after acquiring an additional 198 shares during the last quarter. Finally, Heritage Oak Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale in the third quarter worth approximately $650,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on COST shares. DA Davidson reissued a “neutral” rating and issued a $880.00 target price on shares of Costco Wholesale in a research report on Thursday, October 10th. Stifel Nicolaus raised their target price on shares of Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Redburn Atlantic cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their price target for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Oppenheimer lifted their price target on shares of Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Finally, Evercore ISI lifted their price target on shares of Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $894.57.

Costco Wholesale Stock Down 0.2 %

Shares of NASDAQ:COST opened at $891.22 on Friday. The firm has a market cap of $394.87 billion, a PE ratio of 53.79, a price-to-earnings-growth ratio of 5.50 and a beta of 0.80. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The company has a fifty day simple moving average of $891.35 and a 200 day simple moving average of $837.33. 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 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. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $4.86 earnings per share. On average, equities research analysts anticipate that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Insider Buying and Selling

In related news, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total value of $3,921,060.00. Following the sale, the executive vice president now owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Claudine Adamo sold 3,200 shares of the 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 represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction dated 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 completion of 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 12,636 shares of company stock valued at $11,238,510 in the last quarter. 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.