Leeward Financial Partners LLC Buys 514 Shares of Costco Wholesale Co. (NASDAQ:COST)

Leeward Financial Partners LLC lifted its stake in Costco Wholesale Co. (NASDAQ:COST) by 49.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,559 shares of the retailer’s stock after acquiring an additional 514 shares during the quarter. Leeward Financial Partners LLC’s holdings in Costco Wholesale were worth $1,382,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in COST. Resurgent Financial Advisors LLC grew its position in shares of Costco Wholesale by 1.0% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock valued at $1,004,000 after acquiring an additional 14 shares during the period. China Universal Asset Management Co. Ltd. grew its holdings 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 purchasing an additional 1,408 shares during the period. Nordea Investment Management AB grew its holdings in Costco Wholesale by 2.1% during the 1st quarter. Nordea Investment Management AB now owns 21,547 shares of the retailer’s stock valued at $15,729,000 after buying an additional 434 shares in the last quarter. Quent Capital LLC raised its position in shares of Costco Wholesale by 5.6% during the first quarter. Quent Capital LLC now owns 2,349 shares of the retailer’s stock valued at $1,721,000 after buying an additional 124 shares during the last quarter. Finally, USAdvisors Wealth Management LLC lifted its holdings in shares of Costco Wholesale by 4.1% in the first quarter. USAdvisors Wealth Management LLC now owns 477 shares of the retailer’s stock worth $349,000 after buying an additional 19 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COST has been the topic of a number of research reports. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a report on Thursday, October 17th. Bank of America raised their price objective on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Truist Financial downgraded Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price on the stock. in a research report on Tuesday, September 24th. Wells Fargo & Company raised their price target on Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Finally, Roth Mkm upped their price objective on Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus target price of $905.30.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction dated 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 in the company, valued at $20,560,344. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the transaction, the executive vice president now directly owns 23,800 shares in the company, valued at $20,560,344. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,636 shares of company stock worth $11,238,510. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.4 %

Shares of COST traded up $3.15 during midday trading on Monday, reaching $880.46. The company had a trading volume of 125,125 shares, compared to its average volume of 1,914,429. 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 1-year low of $560.13 and a 1-year high of $923.83. The firm has a 50 day simple moving average of $892.20 and a 200-day simple moving average of $845.83. The stock has a market cap of $390.11 billion, a PE ratio of 52.95, a price-to-earnings-growth ratio of 5.38 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. Costco Wholesale’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.86 EPS. Research analysts forecast that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.53%. Costco Wholesale’s payout ratio is 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.