Providence Wealth Advisors LLC Sells 24 Shares of Costco Wholesale Co. (NASDAQ:COST)

Providence Wealth Advisors LLC decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,260 shares of the retailer’s stock after selling 24 shares during the quarter. Providence Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,135,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in COST. PGGM Investments increased its holdings in shares of Costco Wholesale by 31.2% during the 1st quarter. PGGM Investments now owns 4,231 shares of the retailer’s stock worth $3,100,000 after purchasing an additional 1,006 shares during the period. Pathway Financial Advisers LLC acquired a new stake in shares of Costco Wholesale during the 1st quarter valued at about $329,000. Railway Pension Investments Ltd boosted its position in shares of Costco Wholesale by 85.3% during the 1st quarter. Railway Pension Investments Ltd now owns 111,442 shares of the retailer’s stock valued at $81,646,000 after acquiring an additional 51,300 shares in the last quarter. Clear Rock Advisors LLC boosted its position in shares of Costco Wholesale by 0.7% during the 1st quarter. Clear Rock Advisors LLC now owns 4,901 shares of the retailer’s stock valued at $3,591,000 after acquiring an additional 35 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Costco Wholesale by 18.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,582 shares of the retailer’s stock valued at $6,927,000 after acquiring an additional 1,466 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other news, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction on Thursday, October 24th. The shares were 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 owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction on Monday, September 30th. The stock was 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 owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The trade was a 27.05 % 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 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on COST shares. Redburn Atlantic lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Tigress Financial reiterated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a research report on Thursday, October 17th. Sanford C. Bernstein initiated coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price on the stock. Evercore ISI boosted their price target on shares of Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research report on Monday, November 4th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $908.81.

Costco Wholesale Stock Down 1.0 %

Shares of NASDAQ:COST opened at $961.55 on Friday. Costco Wholesale Co. has a 52 week low of $582.83 and a 52 week high of $976.30. 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 market capitalization of $426.03 billion, a PE ratio of 58.03, a PEG ratio of 5.93 and a beta of 0.80. The company has a 50 day moving average price of $906.32 and a two-hundred day moving average price of $870.06.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) 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 company had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter in the prior year, the firm earned $4.86 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. Analysts forecast that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio is 28.00%.

Costco Wholesale 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.