Presidio Capital Management LLC Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Presidio Capital Management LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 49.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 651 shares of the retailer’s stock after acquiring an additional 214 shares during the period. Presidio Capital Management LLC’s holdings in Costco Wholesale were worth $577,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. First National Bank & Trust Co. of Newtown increased its stake in Costco Wholesale by 44.3% in the 3rd quarter. First National Bank & Trust Co. of Newtown now owns 1,465 shares of the retailer’s stock worth $1,299,000 after purchasing an additional 450 shares during the period. Winthrop Advisory Group LLC raised its position in shares of Costco Wholesale by 5.2% in the 3rd quarter. Winthrop Advisory Group LLC now owns 909 shares of the retailer’s stock worth $806,000 after purchasing an additional 45 shares during the last quarter. Vista Capital Partners Inc. boosted its stake in Costco Wholesale by 2.8% during the 3rd quarter. Vista Capital Partners Inc. now owns 2,638 shares of the retailer’s stock valued at $2,339,000 after purchasing an additional 72 shares during the last quarter. Lewis Asset Management LLC boosted its stake in shares of Costco Wholesale by 16.1% in the 3rd quarter. Lewis Asset Management LLC now owns 1,286 shares of the retailer’s stock worth $1,140,000 after buying an additional 178 shares during the last quarter. Finally, Hudson Value Partners LLC increased its position in Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after buying an additional 568 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the transaction, the executive vice president now owns 22,900 shares in the company, valued at approximately $20,015,745. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Richard A. Galanti sold 500 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the sale, the executive vice president now owns 22,900 shares in the company, valued at $20,015,745. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,636 shares of company stock valued at $11,238,510 over the last three months. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

COST has been the subject of a number of recent research reports. Robert W. Baird lifted their price objective on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research report on Monday. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target on the stock. in a report on Tuesday, September 24th. Deutsche Bank Aktiengesellschaft boosted 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. Finally, Bank of America raised their price target on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $905.30.

Costco Wholesale Trading Up 1.6 %

NASDAQ COST opened at $913.93 on Friday. The stock has a market cap of $404.93 billion, a P/E ratio of 55.16, a PEG ratio of 5.45 and a beta of 0.80. The company’s fifty day simple moving average is $891.92 and its 200-day simple moving average is $848.69. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 52 week low of $562.01 and a 52 week high of $923.83.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping 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 net margin of 2.90% and a return on equity of 31.05%. The firm’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.86 EPS. Equities research analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $1.16 per share. The ex-dividend date is Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. Costco Wholesale’s payout ratio is 28.00%.

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.