Costco Wholesale Corporation $COST Shares Sold by KCM Investment Advisors LLC

KCM Investment Advisors LLC trimmed its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 1.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,963 shares of the retailer’s stock after selling 1,170 shares during the period. Costco Wholesale accounts for approximately 3.9% of KCM Investment Advisors LLC’s holdings, making the stock its 4th largest position. KCM Investment Advisors LLC’s holdings in Costco Wholesale were worth $114,796,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Brighton Jones LLC increased its position in Costco Wholesale by 12.3% during 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 raised its position in shares of Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after buying an additional 130 shares during the last quarter. Leavell Investment Management Inc. lifted its stake in shares of Costco Wholesale by 0.7% in the first quarter. Leavell Investment Management Inc. now owns 2,293 shares of the retailer’s stock valued at $2,169,000 after buying an additional 17 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in Costco Wholesale during the first quarter worth about $139,000. Finally, Phillips Financial Management LLC grew its position in Costco Wholesale by 23.9% during the first quarter. Phillips Financial Management LLC now owns 384 shares of the retailer’s stock worth $364,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.1%

COST stock opened at $922.74 on Friday. Costco Wholesale Corporation has a fifty-two week low of $871.71 and a fifty-two week high of $1,078.23. The stock has a market capitalization of $408.94 billion, a price-to-earnings ratio of 50.67, a P/E/G ratio of 5.54 and a beta of 0.98. 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 business has a fifty day moving average price of $938.12 and a 200 day moving average price of $968.77.

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, beating analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion during the quarter, compared to analysts’ expectations of $86.01 billion. During the same period in the previous year, the business posted $5.15 earnings per share. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Investors of record on Friday, October 31st will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date is Friday, October 31st. Costco Wholesale’s payout ratio is 28.56%.

Analyst Ratings Changes

Several research firms have commented on COST. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Tuesday. Evercore ISI reduced their target price on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Oppenheimer lowered their price target on shares of Costco Wholesale from $1,130.00 to $1,050.00 and set an “outperform” rating on the stock in a report on Monday. Truist Financial dropped their price objective on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research note on Friday, September 26th. Finally, DA Davidson reiterated a “neutral” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $1,063.88.

Insider Transactions at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Tiffany Marie Barbre sold 1,239 shares of the company’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the transaction, the insider owned 5,155 shares in the company, valued at approximately $4,817,966.10. The trade was a 19.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,920 shares of company stock worth $7,373,175 in the last quarter. 0.18% of the stock is owned by corporate insiders.

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.