Key Client Fiduciary Advisors LLC Sells 15 Shares of Costco Wholesale Co. (NASDAQ:COST)

Key Client Fiduciary Advisors LLC lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 737 shares of the retailer’s stock after selling 15 shares during the quarter. Key Client Fiduciary Advisors LLC’s holdings in Costco Wholesale were worth $654,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in COST. Redmont Wealth Advisors LLC bought a new position in Costco Wholesale during the first quarter valued at $32,000. Financial Connections Group Inc. boosted its stake in shares of Costco Wholesale by 557.1% during the 2nd 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 period. Bank & Trust Co bought a new position in Costco Wholesale during the 2nd quarter valued at about $48,000. Ruedi Wealth Management Inc. raised its position in Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after purchasing an additional 25 shares during the period. Finally, Summit Securities Group LLC bought a new stake in Costco Wholesale in the second quarter worth about $50,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the transaction, the executive vice president now directly owns 10,210 shares in the company, valued at $9,155,409.10. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the sale, the executive vice president now directly owns 10,202 shares in the company, valued at $9,091,512.30. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,224 shares of company stock valued at $9,974,973. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on COST. Deutsche Bank Aktiengesellschaft increased their price target on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Truist Financial lowered 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. Oppenheimer boosted their target price on shares of Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. DA Davidson reaffirmed a “neutral” rating and issued a $880.00 price target on shares of Costco Wholesale in a research note on Thursday, October 10th. Finally, Melius Research started coverage on shares of Costco Wholesale in a research note on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price on the stock. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $890.07.

Costco Wholesale Trading Up 0.5 %

NASDAQ:COST opened at $889.56 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The firm has a fifty day simple moving average of $889.26 and a 200-day simple moving average of $833.05. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The company has a market capitalization of $394.37 billion, a P/E ratio of 55.12, a PEG ratio of 5.48 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The business had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter in the previous year, the business earned $4.86 EPS. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that Costco Wholesale Co. will post 17.74 earnings per share for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared 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 is Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

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.