CMG Global Holdings LLC Has $809,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

CMG Global Holdings LLC trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 913 shares of the retailer’s stock after selling 20 shares during the period. CMG Global Holdings LLC’s holdings in Costco Wholesale were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Kingsview Wealth Management LLC lifted its position in Costco Wholesale by 6.3% during the third quarter. Kingsview Wealth Management LLC now owns 50,933 shares of the retailer’s stock worth $45,153,000 after purchasing an additional 3,000 shares during the period. Cerity Partners LLC boosted its position in shares of Costco Wholesale by 23.0% during the 3rd quarter. Cerity Partners LLC now owns 384,175 shares of the retailer’s stock worth $340,579,000 after acquiring an additional 71,898 shares in the last quarter. Optivise Advisory Services LLC bought a new position in Costco Wholesale in the third quarter valued at approximately $506,000. Great Valley Advisor Group Inc. raised its position in Costco Wholesale by 7.1% during the third quarter. Great Valley Advisor Group Inc. now owns 16,530 shares of the retailer’s stock valued at $14,654,000 after purchasing an additional 1,094 shares in the last quarter. Finally, Certified Advisory Corp lifted its stake in Costco Wholesale by 2.4% during the third quarter. Certified Advisory Corp now owns 6,995 shares of the retailer’s stock worth $6,201,000 after purchasing an additional 163 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 4,400 shares of the firm’s 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 approximately $9,091,512.30. This trade represents a 30.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,016 shares of company stock valued at $9,826,115 in the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Up 0.9 %

Shares of NASDAQ:COST opened at $964.01 on Friday. Costco Wholesale Co. has a 1 year low of $582.83 and a 1 year high of $976.30. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The business’s 50-day moving average is $901.18 and its 200-day moving average is $864.82. The company has a market capitalization of $427.12 billion, a price-to-earnings ratio of 58.18, a P/E/G ratio of 5.90 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. During the same period in the prior year, the business earned $4.86 EPS. The company’s revenue for the quarter was up 1.0% compared to the same quarter last year. 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 was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $1.16 per share. The ex-dividend date was Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.48%. Costco Wholesale’s dividend payout ratio is currently 28.00%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on COST shares. Roth Mkm lifted their price target on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. DA Davidson reissued a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a research note on Thursday, October 10th. TD Cowen raised their price target on shares of Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Wells Fargo & Company lifted their price target 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, Oppenheimer increased their price objective on shares of Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $908.81.

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.