Diversified LLC Has $426,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

Diversified LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 6.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 480 shares of the retailer’s stock after selling 31 shares during the period. Diversified LLC’s holdings in Costco Wholesale were worth $426,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in COST. Charles Schwab Investment Management Inc. increased its holdings in Costco Wholesale by 1.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock worth $2,489,574,000 after buying an additional 32,074 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its holdings in Costco Wholesale by 62.8% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after buying an additional 932 shares during the last quarter. Hudson Value Partners LLC increased its holdings 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 during the last quarter. Nwam LLC acquired a new position in Costco Wholesale in the third quarter worth approximately $20,056,000. Finally, Cantor Fitzgerald Investment Advisors L.P. increased its holdings in Costco Wholesale by 66.9% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 3,088 shares of the retailer’s stock worth $2,738,000 after buying an additional 1,238 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. DA Davidson reaffirmed a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a research report on Thursday, October 10th. BMO Capital Markets upped their target price on Costco Wholesale from $980.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Truist Financial cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price for the company. in a research report on Tuesday, September 24th. Oppenheimer upped their target price on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $908.81.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. The trade was a 27.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,016 shares of company stock valued at $9,826,115. 0.18% of the stock is owned by insiders.

Costco Wholesale Trading Up 0.6 %

NASDAQ:COST opened at $970.00 on Monday. The business’s 50-day simple moving average is $901.18 and its 200-day simple moving average is $866.19. Costco Wholesale Co. has a fifty-two week low of $582.83 and a fifty-two week high of $976.30. The stock has a market capitalization of $429.78 billion, a PE ratio of 58.54, a price-to-earnings-growth ratio of 5.95 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating 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 business had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. During the same quarter last year, the firm earned $4.86 EPS. Costco Wholesale’s revenue for the quarter was up 1.0% compared to the same quarter last year. Sell-side analysts expect that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s dividend payout ratio is presently 28.00%.

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.