Ted Buchan & Co Sells 277 Shares of Costco Wholesale Co. (NASDAQ:COST)

Ted Buchan & Co cut its position in Costco Wholesale Co. (NASDAQ:COST) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,872 shares of the retailer’s stock after selling 277 shares during the quarter. Costco Wholesale comprises approximately 1.2% of Ted Buchan & Co’s holdings, making the stock its 22nd biggest position. Ted Buchan & Co’s holdings in Costco Wholesale were worth $2,547,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Resurgent Financial Advisors LLC increased its holdings in shares of Costco Wholesale by 1.0% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock worth $1,004,000 after acquiring an additional 14 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its stake in shares of Costco Wholesale by 22.3% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock worth $5,655,000 after buying an additional 1,408 shares during the last quarter. NorthRock Partners LLC boosted its holdings in shares of Costco Wholesale by 18.2% during the 1st quarter. NorthRock Partners LLC now owns 6,855 shares of the retailer’s stock worth $5,022,000 after buying an additional 1,054 shares during the period. Meeder Asset Management Inc. grew its stake in Costco Wholesale by 2,358.9% in the 1st quarter. Meeder Asset Management Inc. now owns 18,712 shares of the retailer’s stock valued at $13,709,000 after buying an additional 17,951 shares during the last quarter. Finally, Meeder Advisory Services Inc. raised its holdings in Costco Wholesale by 7.0% in the 1st quarter. Meeder Advisory Services Inc. now owns 5,894 shares of the retailer’s stock valued at $4,318,000 after acquiring an additional 388 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Barclays upped their target price on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Sanford C. Bernstein started coverage on Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective on the stock. TD Cowen lifted their target price on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Tigress Financial restated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, The Goldman Sachs Group raised their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $905.30.

Costco Wholesale Stock Up 3.3 %

Shares of NASDAQ:COST opened at $943.80 on Friday. Costco Wholesale Co. has a 52-week low of $562.01 and a 52-week high of $962.00. The company has a market capitalization of $418.17 billion, a PE ratio of 56.96, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The company has a fifty day moving average of $893.49 and a 200-day moving average of $850.73.

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

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.49%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s payout ratio is currently 28.00%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the transaction, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the sale, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. This represents a 0.00 % decrease in their position. 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 over the last 90 days. 0.18% of the stock is owned by insiders.

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.