United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund Sells 12,511 Shares of Costco Wholesale Co. (NASDAQ:COST)

United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund reduced its holdings in Costco Wholesale Co. (NASDAQ:COST) by 20.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,383 shares of the retailer’s stock after selling 12,511 shares during the quarter. Costco Wholesale comprises 1.7% of United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings, making the stock its 23rd largest holding. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund’s holdings in Costco Wholesale were worth $42,006,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in COST. Resurgent Financial Advisors LLC raised its holdings in Costco Wholesale by 1.0% during the first quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock worth $1,004,000 after buying an additional 14 shares during the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in Costco Wholesale by 22.3% during the first quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock worth $5,655,000 after buying an additional 1,408 shares in the last quarter. D Orazio & Associates Inc. raised its position in Costco Wholesale by 12.3% in the 1st quarter. D Orazio & Associates Inc. now owns 1,386 shares of the retailer’s stock valued at $1,015,000 after buying an additional 152 shares during the last quarter. TBH Global Asset Management LLC boosted its holdings in Costco Wholesale by 7.3% during the 1st quarter. TBH Global Asset Management LLC now owns 5,672 shares of the retailer’s stock worth $4,156,000 after acquiring an additional 385 shares during the last quarter. Finally, Delta Investment Management LLC grew its stake in shares of Costco Wholesale by 6.7% in the 1st quarter. Delta Investment Management LLC now owns 412 shares of the retailer’s stock worth $302,000 after acquiring an additional 26 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the sale, the executive vice president now owns 10,210 shares in the company, valued at $9,155,409.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,136 shares of company stock valued at $10,806,570 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and raised their price target for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. TD Cowen upped their price target on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Oppenheimer upped their target price on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Finally, Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $905.30.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock traded down $1.49 during trading on Wednesday, hitting $930.89. 460,295 shares of the company’s stock traded hands, compared to its average volume of 1,922,915. 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 stock has a market capitalization of $412.45 billion, a P/E ratio of 56.11, a PEG ratio of 5.75 and a beta of 0.80. The business has a 50-day simple moving average of $895.38 and a 200-day simple moving average of $855.44. Costco Wholesale Co. has a 1 year low of $572.24 and a 1 year high of $962.00.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping the consensus estimate of $5.05 by $0.10. The business had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the company posted $4.86 EPS. As a group, analysts forecast that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders 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 dividend yield of 0.50%. Costco Wholesale’s payout ratio is currently 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.