Sustainable Insight Capital Management LLC Buys 745 Shares of Costco Wholesale Co. (NASDAQ:COST)

Sustainable Insight Capital Management LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 35.5% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,844 shares of the retailer’s stock after buying an additional 745 shares during the period. Sustainable Insight Capital Management LLC’s holdings in Costco Wholesale were worth $2,521,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Resurgent Financial Advisors LLC raised its holdings in Costco Wholesale by 1.0% in the first quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock worth $1,004,000 after purchasing an additional 14 shares in the last quarter. China Universal Asset Management Co. Ltd. lifted its position in Costco Wholesale by 22.3% during the first quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock valued at $5,655,000 after acquiring an additional 1,408 shares during the last quarter. NorthRock Partners LLC boosted its stake in Costco Wholesale by 18.2% in the first quarter. NorthRock Partners LLC now owns 6,855 shares of the retailer’s stock valued at $5,022,000 after acquiring an additional 1,054 shares in the last quarter. Meeder Asset Management Inc. grew its holdings in Costco Wholesale by 2,358.9% in the first quarter. Meeder Asset Management Inc. now owns 18,712 shares of the retailer’s stock worth $13,709,000 after purchasing an additional 17,951 shares during the last quarter. Finally, Meeder Advisory Services Inc. lifted its holdings in shares of Costco Wholesale by 7.0% during the 1st quarter. Meeder Advisory Services Inc. now owns 5,894 shares of the retailer’s stock valued at $4,318,000 after purchasing an additional 388 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Up 3.3 %

COST opened at $943.80 on Friday. The firm has a market cap of $418.17 billion, a price-to-earnings ratio of 56.96, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80. Costco Wholesale Co. has a 52 week low of $562.01 and a 52 week high of $962.00. The business’s 50 day moving average is $893.49 and its two-hundred day moving average is $850.73. 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 (NASDAQ:COST) last issued 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. The firm 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%. Costco Wholesale’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $4.86 EPS. On average, research analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.49%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio is presently 28.00%.

Insiders Place Their Bets

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 stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the sale, the executive vice president now owns 10,202 shares in the company, valued at $9,091,512.30. 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 through this link. In related news, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction dated 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 directly owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This 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 this link. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares in the company, valued at $20,015,745. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,636 shares of company stock valued at $11,238,510. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on COST shares. Telsey Advisory Group reissued an “outperform” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a report on Monday, November 4th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a research note on Thursday, August 8th. 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 target for the company. DA Davidson reissued a “neutral” rating and issued a $880.00 target price on shares of Costco Wholesale in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $905.30.

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.