ASB Consultores LLC Sells 84 Shares of Costco Wholesale Co. (NASDAQ:COST)

ASB Consultores LLC reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 24.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 260 shares of the retailer’s stock after selling 84 shares during the period. ASB Consultores LLC’s holdings in Costco Wholesale were worth $230,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Financial Connections Group Inc. lifted its stake in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares during the last quarter. Bank & Trust Co bought a new stake in shares of Costco Wholesale in the 2nd quarter valued at about $48,000. Ruedi Wealth Management Inc. grew its position in Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after acquiring an additional 25 shares during the last quarter. Summit Securities Group LLC bought a new position in Costco Wholesale during the 2nd quarter worth approximately $50,000. Finally, Fairway Wealth LLC increased its stake in Costco Wholesale by 230.0% in the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after purchasing an additional 46 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the sale, the executive vice president now owns 23,800 shares of the company’s stock, valued at $20,560,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the transaction, the executive vice president now directly owns 23,800 shares in the company, valued at $20,560,344. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction on 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 sale, the executive vice president now 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 12,636 shares of company stock valued at $11,238,510. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on COST shares. Morgan Stanley raised their target price on shares of Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a research note on Thursday, October 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Monday. Finally, Truist Financial cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price on the stock. in a research note on Tuesday, September 24th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $905.30.

Costco Wholesale Stock Up 0.5 %

NASDAQ:COST opened at $890.17 on Wednesday. The firm has a 50-day simple moving average of $891.70 and a two-hundred day simple moving average of $848.34. The firm has a market cap of $394.41 billion, a P/E ratio of 53.72, a P/E/G ratio of 5.40 and a beta of 0.80. Costco Wholesale Co. has a fifty-two week low of $560.13 and a fifty-two week high of $923.83. 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 data 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 during 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 firm’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the business earned $4.86 EPS. Analysts predict that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm 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 annualized dividend and a yield of 0.52%. Costco Wholesale’s payout ratio is 28.00%.

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.