Costco Wholesale Co. (NASDAQ:COST) Position Increased by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,012 shares of the retailer’s stock after acquiring an additional 15 shares during the quarter. Costco Wholesale accounts for approximately 2.3% of Oak Harbor Wealth Partners LLC’s portfolio, making the stock its 8th largest holding. Oak Harbor Wealth Partners LLC’s holdings in Costco Wholesale were worth $7,990,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC lifted its holdings in shares of Costco Wholesale by 1.0% in the 1st quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock valued at $1,004,000 after buying an additional 14 shares during the period. China Universal Asset Management Co. Ltd. raised its position in Costco Wholesale by 22.3% in the first quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock worth $5,655,000 after acquiring an additional 1,408 shares in the last quarter. Banco Santander S.A. lifted its holdings in Costco Wholesale by 44.4% in the first quarter. Banco Santander S.A. now owns 10,902 shares of the retailer’s stock valued at $7,987,000 after acquiring an additional 3,352 shares during the period. First Foundation Advisors boosted its position in shares of Costco Wholesale by 5.3% during the 1st quarter. First Foundation Advisors now owns 15,843 shares of the retailer’s stock worth $11,607,000 after purchasing an additional 793 shares in the last quarter. Finally, Towercrest Capital Management acquired a new position in shares of Costco Wholesale during the 1st quarter worth $257,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

NASDAQ COST opened at $923.89 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 company has a market capitalization of $409.35 billion, a PE ratio of 55.76, a price-to-earnings-growth ratio of 5.76 and a beta of 0.80. The business’s 50-day moving average price is $896.25 and its 200 day moving average price is $855.99. Costco Wholesale Co. has a twelve month low of $572.24 and a twelve month high of $962.00.

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

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.50%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Insider Activity

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the transaction, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The trade was a 27.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,016 shares of company stock valued at $9,826,115 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Roth Mkm raised their price objective on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Oppenheimer upped their price target on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. The Goldman Sachs Group lifted their price objective on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a research report on Thursday, August 8th. Finally, Wells Fargo & Company raised 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. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $905.30.

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.