Chapman Investment Management LLC Sells 239 Shares of Costco Wholesale Co. (NASDAQ:COST)

Chapman Investment Management LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 15,044 shares of the retailer’s stock after selling 239 shares during the quarter. Costco Wholesale makes up approximately 9.7% of Chapman Investment Management LLC’s holdings, making the stock its biggest holding. Chapman Investment Management LLC’s holdings in Costco Wholesale were worth $13,337,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Resurgent Financial Advisors LLC raised its holdings in 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 purchasing an additional 14 shares during the last quarter. China Universal Asset Management Co. Ltd. lifted its holdings 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 valued at $5,655,000 after buying an additional 1,408 shares during the period. Resonant Capital Advisors LLC boosted its stake in Costco Wholesale by 2.5% in the first quarter. Resonant Capital Advisors LLC now owns 5,494 shares of the retailer’s stock valued at $4,025,000 after acquiring an additional 135 shares during the last quarter. Schear Investment Advisers LLC grew its holdings in Costco Wholesale by 2.9% during the 1st quarter. Schear Investment Advisers LLC now owns 3,890 shares of the retailer’s stock worth $2,850,000 after acquiring an additional 110 shares during the period. Finally, Pullen Investment Management LLC bought a new stake in shares of Costco Wholesale during the 1st quarter valued at $1,439,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Tigress Financial restated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. TD Cowen increased their target price on Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price for the company. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a research note on Thursday, August 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $894.57.

Insider Buying and Selling

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the sale, the executive vice president now owns 23,800 shares in the company, valued at $20,560,344. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Richard A. Galanti sold 500 shares of the business’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 in the company, valued at $20,560,344. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,636 shares of company stock worth $11,238,510. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.4 %

Shares of NASDAQ:COST opened at $877.31 on Friday. The company’s 50-day moving average price is $892.20 and its two-hundred day moving average price is $844.03. Costco Wholesale Co. has a one year low of $552.01 and a one year high of $923.83. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The stock has a market capitalization of $388.71 billion, a PE ratio of 52.95, a price-to-earnings-growth ratio of 5.41 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last released its earnings results 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. The business 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%. Costco Wholesale’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.86 earnings per share. On average, equities analysts forecast that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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