Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Kolinsky Wealth Management LLC

Kolinsky Wealth Management LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.6% during the third quarter, HoldingsChannel reports. The fund owned 1,098 shares of the retailer’s stock after selling 18 shares during the period. Costco Wholesale comprises 0.6% of Kolinsky Wealth Management LLC’s holdings, making the stock its 25th biggest position. Kolinsky Wealth Management LLC’s holdings in Costco Wholesale were worth $973,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Caisse DE Depot ET Placement DU Quebec lifted its holdings in Costco Wholesale by 21.2% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 428,956 shares of the retailer’s stock valued at $380,278,000 after acquiring an additional 75,023 shares during the last quarter. Worldly Partners Management LLC lifted its holdings in Costco Wholesale by 0.7% in the third quarter. Worldly Partners Management LLC now owns 90,416 shares of the retailer’s stock valued at $80,156,000 after acquiring an additional 622 shares during the last quarter. Captrust Financial Advisors lifted its holdings in Costco Wholesale by 1.9% in the third quarter. Captrust Financial Advisors now owns 136,363 shares of the retailer’s stock valued at $120,888,000 after acquiring an additional 2,483 shares during the last quarter. Infusive Asset Management Inc. acquired a new position in Costco Wholesale during the third quarter worth $2,486,000. Finally, Icon Wealth Advisors LLC boosted its position in shares of Costco Wholesale by 2.7% during the third quarter. Icon Wealth Advisors LLC now owns 2,113 shares of the retailer’s stock worth $1,873,000 after buying an additional 55 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on COST shares. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,000.00 target price on shares of Costco Wholesale in a research note on Friday. Wells Fargo & Company raised their price target on shares of Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Finally, Melius Research assumed coverage on Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective on the stock. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $908.81.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $971.88 on Friday. The company’s fifty day moving average price is $907.62 and its 200 day moving average price is $871.42. Costco Wholesale Co. has a 12 month low of $582.83 and a 12 month high of $976.30. 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 firm has a market capitalization of $430.61 billion, a P/E ratio of 58.65, a P/E/G ratio of 5.93 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data 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. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. During the same period last year, the firm posted $4.86 EPS. Costco Wholesale’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, sell-side analysts predict that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s payout ratio is currently 28.00%.

Insiders Place Their Bets

In other news, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction dated Friday, October 11th. The shares were sold at an average price of $891.15, for a total value of $3,921,060.00. Following the sale, the executive vice president now owns 10,202 shares of the company’s stock, valued at $9,091,512.30. The trade was a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the completion of the sale, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. The trade was a 27.05 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,016 shares of company stock valued at $9,826,115. Insiders own 0.18% of the company’s stock.

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.