Bradley & Co. Private Wealth Management LLC Has $10.92 Million Holdings in Costco Wholesale Corporation $COST

Bradley & Co. Private Wealth Management LLC trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.8% during the 2nd quarter, Holdings Channel reports. The fund owned 11,031 shares of the retailer’s stock after selling 93 shares during the period. Costco Wholesale comprises about 6.7% of Bradley & Co. Private Wealth Management LLC’s portfolio, making the stock its 8th largest position. Bradley & Co. Private Wealth Management LLC’s holdings in Costco Wholesale were worth $10,920,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Corps Capital Advisors LLC boosted its stake in shares of Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after purchasing an additional 10 shares in the last quarter. Covestor Ltd lifted its holdings in Costco Wholesale by 8.6% during the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after buying an additional 10 shares during the period. Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in Costco Wholesale by 0.4% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,071 shares of the retailer’s stock worth $2,905,000 after buying an additional 11 shares during the period. SeaBridge Investment Advisors LLC boosted its position in Costco Wholesale by 0.4% during the 1st quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock valued at $2,327,000 after acquiring an additional 11 shares in the last quarter. Finally, Redwood Park Advisors LLC increased its holdings in shares of Costco Wholesale by 6.8% in the 1st quarter. Redwood Park Advisors LLC now owns 173 shares of the retailer’s stock valued at $163,000 after acquiring an additional 11 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In related news, EVP Russell D. Miller sold 3,381 shares of the stock in a transaction that occurred on Monday, September 29th. The shares were sold at an average price of $915.00, for a total value of $3,093,615.00. Following the transaction, the executive vice president owned 9,740 shares in the company, valued at approximately $8,912,100. This represents a 25.77% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 7,920 shares of company stock worth $7,373,175 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $922.74 on Friday. The company has a market cap of $408.94 billion, a P/E ratio of 50.67, a price-to-earnings-growth ratio of 5.54 and a beta of 0.98. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $938.12 and its 200-day moving average price is $968.77. Costco Wholesale Corporation has a 52-week low of $871.71 and a 52-week high of $1,078.23.

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

Costco Wholesale Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on COST. Argus upped their price objective on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research note on Monday, September 29th. Erste Group Bank lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. cut their price objective on shares of Costco Wholesale from $1,050.00 to $1,025.00 and set an “overweight” rating on the stock in a research report on Thursday. Mizuho reduced their price objective on shares of Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a research note on Thursday, October 9th. Finally, The Goldman Sachs Group increased their target price on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a research report on Friday, September 26th. Nineteen investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,063.88.

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.