Allworth Financial LP Has $28.29 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Allworth Financial LP decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,909 shares of the retailer’s stock after selling 528 shares during the period. Allworth Financial LP’s holdings in Costco Wholesale were worth $28,288,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of COST. Redmont Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the first quarter worth $32,000. Financial Connections Group Inc. increased its position in Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares during the period. Bank & Trust Co acquired a new stake in Costco Wholesale in the 2nd quarter worth about $48,000. Ruedi Wealth Management Inc. boosted its holdings in Costco Wholesale by 73.5% in the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after purchasing an additional 25 shares during the period. Finally, Summit Securities Group LLC acquired a new position in shares of Costco Wholesale during the 2nd quarter worth approximately $50,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $891.22 on Friday. The company has a market capitalization of $394.87 billion, a price-to-earnings ratio of 53.79, a PEG ratio of 5.50 and a beta of 0.80. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The stock has a fifty day simple moving average of $891.76 and a 200 day simple moving average of $839.41.

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, beating the consensus estimate of $5.05 by $0.10. The company had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.86 earnings per share. Sell-side analysts expect that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $1.16 dividend. 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 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.00%.

Insider Activity

In related news, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction 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 owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’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 transaction of $1,266,866.88. Following the completion of the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 10,202 shares in the company, valued at approximately $9,091,512.30. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,636 shares of company stock valued at $11,238,510. 0.18% of the stock is currently owned by insiders.

Analyst Ratings Changes

COST has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. The Goldman Sachs Group increased their target price on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Bank of America raised their price target on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 10th. Finally, TD Cowen boosted their target price on shares of Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $894.57.

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.