Notis McConarty Edward Decreases Stock Holdings in Costco Wholesale Corporation $COST

Notis McConarty Edward trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 9.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,143 shares of the retailer’s stock after selling 115 shares during the quarter. Notis McConarty Edward’s holdings in Costco Wholesale were worth $1,132,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after acquiring an additional 2,172 shares during the period. Revolve Wealth Partners LLC grew its position in Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after buying an additional 130 shares in the last quarter. GAMMA Investing LLC grew its position in Costco Wholesale by 12.6% during the first quarter. GAMMA Investing LLC now owns 8,628 shares of the retailer’s stock worth $8,160,000 after buying an additional 966 shares in the last quarter. Curated Wealth Partners LLC grew its position in Costco Wholesale by 11.7% during the first quarter. Curated Wealth Partners LLC now owns 505 shares of the retailer’s stock worth $478,000 after buying an additional 53 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. boosted its holdings in shares of Costco Wholesale by 0.7% in the 1st quarter. Sanibel Captiva Trust Company Inc. now owns 48,086 shares of the retailer’s stock worth $45,479,000 after purchasing an additional 312 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In related news, EVP Russell D. Miller sold 3,381 shares of Costco Wholesale stock in a transaction on Monday, September 29th. The stock was sold at an average price of $915.00, for a total transaction of $3,093,615.00. Following the transaction, the executive vice president directly owned 9,740 shares in the company, valued at approximately $8,912,100. The trade was a 25.77% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the sale, the executive vice president directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,981 shares of company stock worth $7,588,685. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

COST stock opened at $914.80 on Thursday. The company has a market cap of $405.69 billion, a P/E ratio of 50.24, a price-to-earnings-growth ratio of 5.55 and a beta of 0.98. Costco Wholesale Corporation has a 1 year low of $867.34 and a 1 year high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The stock’s fifty day moving average price is $952.43 and its 200-day moving average price is $971.37.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The firm had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The company’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the business posted $5.15 EPS. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a dividend of $1.30 per share. The ex-dividend date was Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.6%. Costco Wholesale’s payout ratio is 28.56%.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research reports. Wolfe Research began coverage on Costco Wholesale in a report on Thursday, September 18th. They issued a “peer perform” rating for the company. DA Davidson reaffirmed a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Friday, September 26th. Argus increased their target price on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Roth Capital set a $907.00 target price on Costco Wholesale and gave the stock a “neutral” rating in a research report on Friday, September 26th. Finally, Morgan Stanley cut their price target on Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research note on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,067.19.

Costco Wholesale 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.