Centric Wealth Management Has $1.53 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Centric Wealth Management reduced its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,699 shares of the retailer’s stock after selling 26 shares during the period. Centric Wealth Management’s holdings in Costco Wholesale were worth $1,528,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. PGGM Investments boosted its position in shares of Costco Wholesale by 31.2% during the first quarter. PGGM Investments now owns 4,231 shares of the retailer’s stock worth $3,100,000 after purchasing an additional 1,006 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in Costco Wholesale during the first quarter worth about $329,000. Railway Pension Investments Ltd grew its stake in Costco Wholesale by 85.3% in the first quarter. Railway Pension Investments Ltd now owns 111,442 shares of the retailer’s stock valued at $81,646,000 after acquiring an additional 51,300 shares during the period. Clear Rock Advisors LLC increased its holdings in shares of Costco Wholesale by 0.7% in the first quarter. Clear Rock Advisors LLC now owns 4,901 shares of the retailer’s stock worth $3,591,000 after acquiring an additional 35 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Costco Wholesale by 18.1% during the 1st quarter. EverSource Wealth Advisors LLC now owns 9,582 shares of the retailer’s stock valued at $6,927,000 after purchasing an additional 1,466 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In other news, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale 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 in the company, valued at $9,091,512.30. This trade represents a 30.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $888.99, for a total value of $2,844,768.00. Following the transaction, the executive vice president now owns 8,630 shares of the company’s stock, valued at $7,671,983.70. This trade represents a 27.05 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,016 shares of company stock worth $9,826,115 over the last quarter. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on COST shares. TD Cowen upped their price target on shares of Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a report on Monday, September 30th. DA Davidson reiterated a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a report on Thursday, October 10th. Barclays boosted their price target on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, Sanford C. Bernstein assumed coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Ten analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $908.81.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $961.55 on Friday. The firm has a market cap of $426.03 billion, a P/E ratio of 58.03, a P/E/G ratio of 5.93 and a beta of 0.80. The stock’s 50 day moving average is $906.32 and its 200 day moving average is $870.06. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. Costco Wholesale Co. has a one year low of $582.83 and a one year high of $976.30.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating 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 net margin of 2.90% and a return on equity of 31.05%. The business’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 earnings per share. As a group, research analysts expect that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $1.16 dividend. The ex-dividend date was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Costco Wholesale 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.