Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Integrated Advisors Network LLC

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Integrated Advisors Network LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 20.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,091 shares of the retailer’s stock after selling 1,026 shares during the period. Integrated Advisors Network LLC’s holdings in Costco Wholesale were worth $1,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Mcrae Capital Management Inc. raised its position in shares of Costco Wholesale by 18.6% during the 3rd quarter. Mcrae Capital Management Inc. now owns 1,740 shares of the retailer’s stock worth $618,000 after purchasing an additional 273 shares during the last quarter. Valmark Advisers Inc. raised its holdings in Costco Wholesale by 6.0% in the 3rd quarter. Valmark Advisers Inc. now owns 780 shares of the retailer’s stock valued at $277,000 after acquiring an additional 44 shares during the last quarter. Wade G W & Inc. raised its holdings in Costco Wholesale by 1.3% in the 3rd quarter. Wade G W & Inc. now owns 4,163 shares of the retailer’s stock valued at $1,478,000 after acquiring an additional 53 shares during the last quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC raised its holdings in Costco Wholesale by 8.1% in the 3rd quarter. Genovese Burford & Brothers Wealth & Retirement Plan Management LLC now owns 3,478 shares of the retailer’s stock valued at $1,235,000 after acquiring an additional 260 shares during the last quarter. Finally, LPL Financial LLC raised its holdings in Costco Wholesale by 12.9% in the 3rd quarter. LPL Financial LLC now owns 348,064 shares of the retailer’s stock valued at $123,563,000 after acquiring an additional 39,646 shares during the last quarter. Hedge funds and other institutional investors own 68.20% of the company’s stock.

A number of research firms have commented on COST. Raymond James increased their price objective on shares of Costco Wholesale from $365.00 to $405.00 and gave the company an “outperform” rating in a report on Friday. Barclays upgraded shares of Costco Wholesale from an “equal weight” rating to an “overweight” rating and set a $400.00 price objective for the company in a report on Tuesday, October 6th. Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a report on Friday, July 24th. DA Davidson started coverage on shares of Costco Wholesale in a report on Friday, August 14th. They issued a “neutral” rating and a $363.00 price objective for the company. Finally, BidaskClub upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Thursday, October 29th. Eleven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Costco Wholesale has a consensus rating of “Buy” and an average target price of $376.33.

In other Costco Wholesale news, Director Susan L. Decker sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The shares were sold at an average price of $347.90, for a total value of $869,750.00. Following the completion of the transaction, the director now owns 21,747 shares of the company’s stock, valued at approximately $7,565,781.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard A. Galanti sold 1,754 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $605,130.00. Following the completion of the transaction, the chief financial officer now directly owns 18,983 shares of the company’s stock, valued at approximately $6,549,135. The disclosure for this sale can be found here. Insiders sold a total of 10,554 shares of company stock valued at $3,669,587 in the last three months. 0.22% of the stock is currently owned by corporate insiders.

Shares of NASDAQ:COST traded up $7.85 during mid-day trading on Tuesday, reaching $387.64. 63,733 shares of the company were exchanged, compared to its average volume of 2,800,552. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.13 and a quick ratio of 0.64. The firm has a market cap of $167.57 billion, a price-to-earnings ratio of 42.11, a P/E/G ratio of 4.58 and a beta of 0.66. The firm’s 50-day simple moving average is $369.64 and its 200 day simple moving average is $333.70. Costco Wholesale Co. has a 1 year low of $271.28 and a 1 year high of $389.50.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 24th. The retailer reported $3.13 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $2.85 by $0.28. Costco Wholesale had a net margin of 2.40% and a return on equity of 22.71%. The company had revenue of $52.28 billion during the quarter, compared to analysts’ expectations of $52.03 billion. During the same quarter last year, the company posted $2.69 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. On average, research analysts forecast that Costco Wholesale Co. will post 9.69 earnings per share for the current fiscal year.

The firm also recently declared a special dividend, which will be paid on Friday, December 11th. Shareholders of record on Wednesday, December 2nd will be given a $10.00 dividend. This is a boost from Costco Wholesale’s previous special dividend of $7.00. Costco Wholesale’s dividend payout ratio (DPR) is currently 31.64%.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

Further Reading: Bond

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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