Interchange Capital Partners LLC Lowers Holdings in Costco Wholesale Co. (NASDAQ:COST)

Interchange Capital Partners LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 953 shares of the retailer’s stock after selling 34 shares during the quarter. Interchange Capital Partners LLC’s holdings in Costco Wholesale were worth $846,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. Values Added Financial LLC grew its holdings in shares of Costco Wholesale by 4.7% during the 3rd quarter. Values Added Financial LLC now owns 1,312 shares of the retailer’s stock worth $1,163,000 after purchasing an additional 59 shares during the period. Lebenthal Global Advisors LLC lifted its position in Costco Wholesale by 19.5% during the 3rd quarter. Lebenthal Global Advisors LLC now owns 1,209 shares of the retailer’s stock worth $1,072,000 after acquiring an additional 197 shares in the last quarter. Pursue Wealth Partners LLC lifted its position in Costco Wholesale by 9.9% during the 3rd quarter. Pursue Wealth Partners LLC now owns 587 shares of the retailer’s stock worth $520,000 after acquiring an additional 53 shares in the last quarter. Focus Financial Network Inc. lifted its position in Costco Wholesale by 0.5% during the 3rd quarter. Focus Financial Network Inc. now owns 10,678 shares of the retailer’s stock worth $9,466,000 after acquiring an additional 55 shares in the last quarter. Finally, Jacobson & Schmitt Advisors LLC lifted its position in Costco Wholesale by 1.4% during the 3rd quarter. Jacobson & Schmitt Advisors LLC now owns 16,873 shares of the retailer’s stock worth $14,959,000 after acquiring an additional 236 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the transaction, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the transaction, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,636 shares of company stock valued at $11,238,510 in the last three months. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Telsey Advisory Group reissued an “outperform” rating and set a $1,000.00 price target on shares of Costco Wholesale in a research report on Thursday, October 10th. Roth Mkm upped their price target on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research report on Friday, September 27th. Evercore ISI upped their price target on Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company upped their price target on Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Finally, Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective for the company in a research note on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $894.57.

Costco Wholesale Trading Up 0.4 %

Shares of NASDAQ COST opened at $877.31 on Friday. Costco Wholesale Co. has a 12 month low of $552.01 and a 12 month high of $923.83. The company has a market cap of $388.71 billion, a price-to-earnings ratio of 52.95, a P/E/G ratio of 5.41 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $892.20 and a 200-day simple moving average of $844.03.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate of $5.05 by $0.10. The business had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. Costco Wholesale’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $4.86 earnings per share. Sell-side analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.53%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s payout ratio is currently 28.00%.

About Costco Wholesale

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.