Mathes Company Inc. Has $2.22 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Mathes Company Inc. trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,504 shares of the retailer’s stock after selling 34 shares during the quarter. Mathes Company Inc.’s holdings in Costco Wholesale were worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. BluePath Capital Management LLC raised its stake in shares of Costco Wholesale by 6.0% in the third quarter. BluePath Capital Management LLC now owns 3,388 shares of the retailer’s stock valued at $3,004,000 after acquiring an additional 193 shares during the last quarter. Vigilare Wealth Management raised its stake in shares of Costco Wholesale by 1.9% in the third quarter. Vigilare Wealth Management now owns 2,649 shares of the retailer’s stock valued at $2,349,000 after acquiring an additional 50 shares during the last quarter. James Investment Research Inc. raised its stake in shares of Costco Wholesale by 10.4% in the third quarter. James Investment Research Inc. now owns 4,162 shares of the retailer’s stock valued at $3,690,000 after acquiring an additional 391 shares during the last quarter. Creative Capital Management Investments LLC raised its position in Costco Wholesale by 30.4% in the 3rd quarter. Creative Capital Management Investments LLC now owns 429 shares of the retailer’s stock worth $380,000 after purchasing an additional 100 shares during the last quarter. Finally, Tower Wealth Partners Inc. raised its position in Costco Wholesale by 5.3% in the 3rd quarter. Tower Wealth Partners Inc. now owns 398 shares of the retailer’s stock worth $353,000 after purchasing an additional 20 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on COST shares. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective for the company in a research report on Thursday, August 8th. Loop Capital boosted their price objective on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. BMO Capital Markets reissued an “outperform” rating and issued a $980.00 price target (up previously from $950.00) on shares of Costco Wholesale in a research note on Friday, September 27th. The Goldman Sachs Group raised their price target on Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a research report on Friday, September 27th. Finally, StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $894.57.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $877.31 on Friday. The business’s 50 day moving average price is $892.20 and its two-hundred day moving average price is $844.03. The company has a market cap of $388.71 billion, a PE ratio of 52.95, a price-to-earnings-growth ratio of 5.41 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 $552.01 and a twelve month high of $923.83.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping 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 firm had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter in the previous year, the business earned $4.86 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. On average, analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.00%.

Insider Activity at Costco Wholesale

In related 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 value 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now directly owns 8,630 shares in the company, valued at $7,671,983.70. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,636 shares of company stock worth $11,238,510. Company insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.