Sargent Investment Group LLC Has $3.66 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Sargent Investment Group LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.1% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,129 shares of the retailer’s stock after buying an additional 238 shares during the period. Sargent Investment Group LLC’s holdings in Costco Wholesale were worth $3,660,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Resurgent Financial Advisors LLC raised its stake in Costco Wholesale by 1.0% during the 1st quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock worth $1,004,000 after buying an additional 14 shares during the period. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Costco Wholesale by 22.3% in the first quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock worth $5,655,000 after acquiring an additional 1,408 shares during the period. Brighton Jones LLC boosted its holdings in shares of Costco Wholesale by 11.2% in the first quarter. Brighton Jones LLC now owns 18,604 shares of the retailer’s stock worth $13,630,000 after acquiring an additional 1,877 shares during the period. Great Lakes Retirement Inc. raised its position in shares of Costco Wholesale by 1.0% in the first quarter. Great Lakes Retirement Inc. now owns 8,952 shares of the retailer’s stock worth $6,558,000 after buying an additional 92 shares in the last quarter. Finally, Gratus Wealth Advisors LLC raised its position in shares of Costco Wholesale by 76.2% in the first quarter. Gratus Wealth Advisors LLC now owns 1,286 shares of the retailer’s stock worth $915,000 after buying an additional 556 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $891.15, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Russell D. Miller sold 4,400 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was 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 directly owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,016 shares of company stock valued at $9,826,115. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

COST stock traded down $5.06 during midday trading on Thursday, hitting $928.67. 421,365 shares of the company traded hands, compared to its average volume of 1,921,782. Costco Wholesale Co. has a twelve month low of $572.24 and a twelve month high of $962.00. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The business has a 50 day simple moving average of $896.25 and a 200-day simple moving average of $855.99. The stock has a market capitalization of $411.47 billion, a price-to-earnings ratio of 55.97, a price-to-earnings-growth ratio of 5.75 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last issued its 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. The firm had revenue of $79.70 billion during the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. Costco Wholesale’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the business earned $4.86 earnings per share. As a group, equities research analysts predict that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

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 issued a dividend of $1.16 per share. The ex-dividend date is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. Costco Wholesale’s payout ratio is presently 28.00%.

Analyst Ratings Changes

Several research analysts have recently commented on COST shares. Melius Research started coverage on Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective on the stock. StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Barclays boosted their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research report on Friday, September 27th. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Finally, TD Cowen increased their price objective on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $905.30.

Costco Wholesale Company 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.