Colonial Trust Advisors decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,762 shares of the retailer’s stock after selling 800 shares during the period. Costco Wholesale accounts for about 1.8% of Colonial Trust Advisors’ portfolio, making the stock its 16th biggest holding. Colonial Trust Advisors’ holdings in Costco Wholesale were worth $11,631,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Provident Wealth Management LLC purchased a new stake in Costco Wholesale during the third quarter valued at approximately $26,000. Newfound Research LLC purchased a new position in Costco Wholesale during the 3rd quarter worth $28,000. Cerebellum GP LLC purchased a new position in Costco Wholesale during the 2nd quarter worth $32,000. Red Cedar Capital LLC increased its holdings in Costco Wholesale by 588.2% during the 2nd quarter. Red Cedar Capital LLC now owns 117 shares of the retailer’s stock worth $35,000 after purchasing an additional 100 shares during the period. Finally, Campbell Wealth Management purchased a new position in Costco Wholesale during the 2nd quarter worth $49,000. 68.20% of the stock is owned by hedge funds and other institutional investors.

Several research firms have commented on COST. Wells Fargo & Company restated a “hold” rating on shares of Costco Wholesale in a report on Friday, July 24th. Raymond James raised their price objective on Costco Wholesale from $355.00 to $365.00 and gave the stock an “outperform” rating in a report on Friday, September 25th. Robert W. Baird raised their price objective on Costco Wholesale from $335.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft raised their price objective on Costco Wholesale from $305.00 to $310.00 and gave the stock a “hold” rating in a report on Thursday, October 8th. They noted that the move was a valuation call. Finally, CSFB increased their target price on Costco Wholesale from $328.00 to $370.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $368.54.

In other Costco Wholesale news, Director Kenneth D. Denman sold 300 shares of Costco Wholesale stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $355.69, for a total transaction of $106,707.00. Following the completion of the transaction, the director now owns 4,433 shares in the company, valued at approximately $1,576,773.77. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James C. Klauer sold 4,000 shares of Costco Wholesale stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $342.72, for a total value of $1,370,880.00. Following the transaction, the executive vice president now owns 49,402 shares of the company’s stock, valued at approximately $16,931,053.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 15,804 shares of company stock valued at $5,460,267. 0.22% of the stock is currently owned by insiders.

COST traded up $1.94 on Tuesday, reaching $372.65. 108,863 shares of the stock were exchanged, compared to its average volume of 2,066,548. The company’s 50-day moving average price is $356.75 and its 200 day moving average price is $327.01. Costco Wholesale Co. has a fifty-two week low of $271.28 and a fifty-two week high of $384.87. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.13 and a quick ratio of 0.64. The firm has a market capitalization of $165.28 billion, a PE ratio of 41.10, a PEG ratio of 4.60 and a beta of 0.69.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 24th. The retailer reported $3.13 EPS for the quarter, topping the Zacks’ consensus estimate of $2.85 by $0.28. Costco Wholesale had a return on equity of 22.71% and a net margin of 2.40%. The company had revenue of $52.28 billion during the quarter, compared to analysts’ expectations of $52.03 billion. During the same quarter in the previous year, the firm posted $2.69 EPS. The firm’s revenue was up 10.1% compared to the same quarter last year. As a group, equities analysts forecast that Costco Wholesale Co. will post 9.6 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Friday, October 30th will be given a dividend of $0.70 per share. The ex-dividend date is Thursday, October 29th. This represents a $2.80 dividend on an annualized basis and a yield of 0.75%. Costco Wholesale’s dividend payout ratio is currently 31.64%.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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