Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Hudson Value Partners LLC

Hudson Value Partners LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 7.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 8,046 shares of the retailer’s stock after acquiring an additional 568 shares during the quarter. Costco Wholesale accounts for about 2.8% of Hudson Value Partners LLC’s portfolio, making the stock its 6th biggest holding. Hudson Value Partners LLC’s holdings in Costco Wholesale were worth $7,133,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Fermata Advisors LLC lifted its holdings in shares of Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after acquiring an additional 11 shares during the last quarter. Oak Asset Management LLC raised its position in Costco Wholesale by 0.3% in the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after purchasing an additional 12 shares during the period. Peddock Capital Advisors LLC boosted its position in shares of Costco Wholesale by 0.7% during the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after buying an additional 12 shares during the period. Perkins Coie Trust Co grew its stake in shares of Costco Wholesale by 0.3% in the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock valued at $4,144,000 after buying an additional 12 shares in the last quarter. Finally, Firethorn Wealth Partners LLC boosted its holdings in Costco Wholesale by 3.5% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after acquiring an additional 12 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the topic of a number of recent research reports. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price on the stock. in a report on Tuesday, September 24th. Tigress Financial restated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research note on Thursday, October 17th. Melius Research started coverage on Costco Wholesale in a research note on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective on the stock. Finally, Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a research note on Thursday, August 8th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $905.30.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $913.93 on Friday. 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 Co. has a one year low of $562.01 and a one year high of $923.83. The company has a 50-day simple moving average of $891.92 and a 200-day simple moving average of $848.69. The stock has a market capitalization of $404.93 billion, a price-to-earnings ratio of 55.16, a PEG ratio of 5.45 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. During the same period last year, the firm earned $4.86 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Announces Dividend

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

Insider Activity

In related news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Susan L. Decker sold 620 shares of the stock in a transaction dated Thursday, August 15th. The shares were 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 owns 11,775 shares in the company, valued at $10,320,787.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the sale, the executive vice president now directly owns 23,800 shares in the company, valued at approximately $20,560,344. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,636 shares of company stock valued at $11,238,510 over the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.