Coldstream Capital Management Inc. Has $20.13 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Coldstream Capital Management Inc. raised its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 22,642 shares of the retailer’s stock after purchasing an additional 1,345 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Costco Wholesale were worth $20,129,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Fermata Advisors LLC increased its stake in Costco Wholesale by 0.6% in the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after acquiring an additional 11 shares during the last quarter. Peddock Capital Advisors LLC raised its holdings in shares of Costco Wholesale by 0.7% during the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after buying an additional 12 shares in the last quarter. Perkins Coie Trust Co lifted its position in shares of Costco Wholesale by 0.3% during the 3rd quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after buying an additional 12 shares during the last quarter. Firethorn Wealth Partners LLC grew its position in Costco Wholesale by 3.5% in the third quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after acquiring an additional 12 shares during the last quarter. Finally, Horizon Wealth Management LLC lifted its holdings in shares of Costco Wholesale by 4.7% in the third quarter. Horizon Wealth Management LLC now owns 268 shares of the retailer’s stock worth $237,000 after acquiring an additional 12 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Stock Down 0.5 %

Shares of NASDAQ:COST opened at $987.86 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale Co. has a 52-week low of $618.76 and a 52-week high of $997.71. The business’s 50 day simple moving average is $917.82 and its two-hundred day simple moving average is $880.63. The firm has a market cap of $437.69 billion, a P/E ratio of 59.62, a PEG ratio of 6.05 and a beta of 0.82.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its 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. The company had revenue of $79.70 billion for 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 EPS. As a group, research analysts forecast that Costco Wholesale Co. will post 17.74 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s payout ratio is presently 28.00%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on COST shares. Barclays raised their target price 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. Truist Financial lowered Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective on the stock. in a research report on Tuesday, September 24th. DA Davidson reissued a “neutral” rating and set a $880.00 price target on shares of Costco Wholesale in a research note on Thursday, October 10th. Roth Mkm upped their price objective on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Finally, BMO Capital Markets lifted their target price on shares of Costco Wholesale from $980.00 to $1,075.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $928.50.

Get Our Latest Report on Costco Wholesale

Insider Buying and Selling

In other news, EVP Russell D. Miller sold 4,400 shares of the company’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 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 30.13 % decrease in their position. The transaction 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 firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at $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 worth $9,826,115 in the last quarter. Insiders own 0.18% of the company’s stock.

Costco Wholesale Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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