Ewa LLC Has $1.36 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Ewa LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,471 shares of the retailer’s stock after buying an additional 40 shares during the quarter. Ewa LLC’s holdings in Costco Wholesale were worth $1,359,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fermata Advisors LLC increased its position in shares of Costco Wholesale by 0.6% during the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after acquiring an additional 11 shares in the last quarter. Peddock Capital Advisors LLC lifted its stake in Costco Wholesale by 0.7% in the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock valued at $1,518,000 after acquiring an additional 12 shares during the last quarter. Perkins Coie Trust Co lifted its stake in Costco Wholesale by 0.3% in the 3rd quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock valued at $4,144,000 after purchasing an additional 12 shares during the last quarter. Firethorn Wealth Partners LLC lifted its position in shares of Costco Wholesale by 3.5% in the third quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after buying an additional 12 shares during the last quarter. Finally, Horizon Wealth Management LLC boosted its stake in shares of Costco Wholesale by 4.7% during the 3rd quarter. Horizon Wealth Management LLC now owns 268 shares of the retailer’s stock worth $237,000 after acquiring an additional 12 shares during the period. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the transaction, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This represents a 30.13 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the transaction, the executive vice president now 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. Over the last 90 days, insiders sold 11,016 shares of company stock worth $9,826,115. 0.18% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on COST shares. Morgan Stanley raised their price target on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Loop Capital increased their price objective on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Melius Research initiated coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective for the company. Stifel Nicolaus lifted their price objective on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company increased their target price on Costco Wholesale from $850.00 to $950.00 and gave the stock an “equal weight” rating in a report on Thursday. Ten equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $928.50.

Costco Wholesale Stock Up 1.1 %

Costco Wholesale stock opened at $992.61 on Monday. Costco Wholesale Co. has a 52-week low of $606.35 and a 52-week high of $997.71. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The firm has a 50 day moving average price of $915.79 and a two-hundred day moving average price of $879.28. The firm has a market cap of $439.80 billion, a price-to-earnings ratio of 59.90, a PEG ratio of 6.05 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same quarter in the prior year, the firm posted $4.86 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. Equities analysts predict that Costco Wholesale Co. will post 17.74 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. Costco Wholesale’s payout ratio is 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.