Mn Services Vermogensbeheer B.V. Sells 3,900 Shares of Costco Wholesale Co. (NASDAQ:COST)

Mn Services Vermogensbeheer B.V. decreased its stake in Costco Wholesale Co. (NASDAQ:COST) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 171,500 shares of the retailer’s stock after selling 3,900 shares during the quarter. Costco Wholesale makes up 1.1% of Mn Services Vermogensbeheer B.V.’s portfolio, making the stock its 15th biggest holding. Mn Services Vermogensbeheer B.V.’s holdings in Costco Wholesale were worth $152,038,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PDS Planning Inc raised its position in Costco Wholesale by 1.6% during the third quarter. PDS Planning Inc now owns 2,608 shares of the retailer’s stock valued at $2,312,000 after purchasing an additional 40 shares during the period. World Equity Group Inc. raised its position in Costco Wholesale by 14.8% during the 3rd quarter. World Equity Group Inc. now owns 1,364 shares of the retailer’s stock valued at $1,209,000 after purchasing an additional 176 shares in the last quarter. Leeward Financial Partners LLC lifted its holdings in shares of Costco Wholesale by 49.2% in the 3rd quarter. Leeward Financial Partners LLC now owns 1,559 shares of the retailer’s stock worth $1,382,000 after buying an additional 514 shares during the period. Garrison Asset Management LLC grew its position in shares of Costco Wholesale by 2.2% during the 3rd quarter. Garrison Asset Management LLC now owns 742 shares of the retailer’s stock worth $658,000 after buying an additional 16 shares in the last quarter. Finally, QRG Capital Management Inc. increased its stake in shares of Costco Wholesale by 9.3% during the third quarter. QRG Capital Management Inc. now owns 64,201 shares of the retailer’s stock valued at $56,915,000 after buying an additional 5,448 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction that occurred 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 transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the transaction, the executive vice president now owns 23,800 shares in the company, valued at approximately $20,560,344. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,636 shares of company stock worth $11,238,510 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.6 %

Shares of NASDAQ COST traded up $5.63 during mid-day trading on Monday, reaching $882.94. 278,035 shares of the company’s stock were exchanged, compared to its average volume of 1,915,147. Costco Wholesale Co. has a 52-week low of $560.13 and a 52-week high of $923.83. The firm has a market capitalization of $391.21 billion, a price-to-earnings ratio of 52.95, a PEG ratio of 5.38 and a beta of 0.80. The company’s 50-day moving average is $892.20 and its 200-day moving average is $845.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The company had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.86 earnings per share. Analysts expect 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 issued a $1.16 dividend. The ex-dividend date is Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.53%. Costco Wholesale’s dividend payout ratio (DPR) is 28.00%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on COST shares. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a report on Monday. Tigress Financial restated a “buy” rating and set a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Morgan Stanley boosted their price target on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, DA Davidson restated a “neutral” rating and set a $880.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 10th. Ten investment 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, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $905.30.

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.