Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Royal Capital Wealth Management LLC

Royal Capital Wealth Management LLC trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 17.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 721 shares of the retailer’s stock after selling 150 shares during the quarter. Royal Capital Wealth Management LLC’s holdings in Costco Wholesale were worth $639,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in COST. International Assets Investment Management LLC boosted its stake in shares of Costco Wholesale by 113,947.9% during the 3rd quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock worth $6,534,464,000 after acquiring an additional 7,364,453 shares in the last quarter. Wulff Hansen & CO. boosted its position in shares of Costco Wholesale by 99,208.6% in the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after purchasing an additional 1,473,248 shares during the period. Assenagon Asset Management S.A. increased its stake in Costco Wholesale by 287.3% in the 2nd quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock worth $710,802,000 after purchasing an additional 620,341 shares in the last quarter. Strategic Financial Concepts LLC increased its stake in Costco Wholesale by 51,747.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock worth $5,266,000 after purchasing an additional 618,383 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Costco Wholesale by 28.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after buying an additional 338,780 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 1.1 %

Costco Wholesale stock opened at $971.88 on Friday. Costco Wholesale Co. has a one year low of $582.83 and a one year high of $976.30. The company’s fifty day moving average price is $907.62 and its two-hundred day moving average price is $872.08. 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 company has a market capitalization of $430.61 billion, a price-to-earnings ratio of 58.65, a PEG ratio of 6.00 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data 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 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 in the prior year, the firm posted $4.86 EPS. The firm’s revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts forecast that Costco Wholesale Co. will post 17.75 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

Wall Street Analysts Forecast Growth

COST has been the subject of several recent analyst reports. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 target price on shares of Costco Wholesale in a report on Thursday, October 17th. Truist Financial lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective for the company. in a research note on Tuesday, September 24th. BMO Capital Markets lifted their price objective on shares of Costco Wholesale from $980.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. The Goldman Sachs Group increased their target price on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a report on Thursday, August 8th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $908.81.

Insider Buying and Selling

In other news, EVP Claudine Adamo sold 3,200 shares of the 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 of the company’s stock, valued at approximately $7,671,983.70. This represents a 27.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Russell D. Miller sold 4,400 shares of the business’s stock in a transaction on Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the transaction, the executive vice president now directly owns 10,202 shares in the company, valued at $9,091,512.30. This trade represents a 30.13 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 11,016 shares of company stock valued at $9,826,115. Company insiders own 0.18% of the company’s stock.

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.