Dover Advisors LLC Sells 19 Shares of Costco Wholesale Co. (NASDAQ:COST)

Dover Advisors LLC reduced its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,129 shares of the retailer’s stock after selling 19 shares during the quarter. Dover Advisors LLC’s holdings in Costco Wholesale were worth $1,001,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Fermata Advisors LLC boosted its position in shares of Costco Wholesale by 0.6% in the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock worth $1,745,000 after purchasing an additional 11 shares in the last quarter. Oak Asset Management LLC boosted its position in shares of Costco Wholesale by 0.3% in the 2nd quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after purchasing an additional 12 shares in the last quarter. Peddock Capital Advisors LLC boosted its position in shares of Costco Wholesale by 0.7% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after purchasing an additional 12 shares in the last quarter. Perkins Coie Trust Co boosted its position in shares of Costco Wholesale by 0.3% in the 3rd quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after purchasing an additional 12 shares in the last quarter. Finally, Bedel Financial Consulting Inc. boosted its position in shares of Costco Wholesale by 1.3% in the 1st quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock worth $729,000 after purchasing an additional 13 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Russell D. Miller sold 4,400 shares of the company’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 sale, the executive vice president now owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the sale, the executive vice president now owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction that occurred 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 sale, 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,224 shares of company stock valued at $9,974,973 in the last three months. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.5 %

Costco Wholesale stock traded up $4.85 during trading hours on Tuesday, hitting $894.61. The company had a trading volume of 1,613,444 shares, compared to its average volume of 1,952,117. The firm has a market cap of $396.61 billion, a P/E ratio of 55.54, a P/E/G ratio of 5.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83. The company has a 50-day moving average price of $884.56 and a two-hundred day moving average price of $829.12.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) 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 net margin of 2.90% and a return on equity of 31.05%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $4.86 EPS. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 17.73 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Redburn Atlantic lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $860.00 to $890.00 in a report on Tuesday, September 10th. Bank of America boosted their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. TD Cowen boosted their price objective 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. Morgan Stanley boosted their price objective on shares of Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Finally, Melius Research started coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 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. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $886.74.

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.