Coldstream Capital Management Inc. Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Coldstream Capital Management Inc. grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,642 shares of the retailer’s stock after purchasing an additional 1,345 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Costco Wholesale were worth $20,129,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Costco Wholesale by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 9,487,057 shares of the retailer’s stock worth $8,380,648,000 after purchasing an additional 162,191 shares during the period. Insight Inv LLC increased its position in Costco Wholesale by 16.9% in the third quarter. Insight Inv LLC now owns 589 shares of the retailer’s stock worth $522,000 after buying an additional 85 shares during the last quarter. Prestige Wealth Management Group LLC raised its stake in shares of Costco Wholesale by 0.6% in the third quarter. Prestige Wealth Management Group LLC now owns 2,623 shares of the retailer’s stock valued at $2,325,000 after buying an additional 15 shares during the period. Brophy Wealth Management LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter valued at $1,460,000. Finally, Vestcor Inc grew its stake in shares of Costco Wholesale by 0.4% during the 3rd quarter. Vestcor Inc now owns 18,987 shares of the retailer’s stock worth $16,832,000 after acquiring an additional 80 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Transactions at Costco Wholesale

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 value of $3,921,060.00. Following the transaction, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at $9,091,512.30. The trade was a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares of the company’s stock, valued at $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 quarter, insiders have sold 11,016 shares of company stock worth $9,826,115. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on COST shares. The Goldman Sachs Group boosted their price objective on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Evercore ISI boosted their price target on shares of Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group raised their price objective on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Robert W. Baird boosted their target price on shares of Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a report on Thursday, December 5th. Finally, Oppenheimer raised their price target on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a report on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $928.50.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $987.86 on Tuesday. The stock’s 50-day moving average is $917.82 and its 200 day moving average is $880.63. The stock has a market cap of $437.69 billion, a price-to-earnings ratio of 59.62, a P/E/G ratio of 6.05 and a beta of 0.82. Costco Wholesale Co. has a 1-year low of $618.76 and a 1-year high of $997.71. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, topping the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. During the same period last year, the firm posted $4.86 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 17.74 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.47%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.00%.

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.