Bogart Wealth LLC Reduces Holdings in Costco Wholesale Co. (NASDAQ:COST)

Bogart Wealth LLC reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 10,533 shares of the retailer’s stock after selling 48 shares during the period. Bogart Wealth LLC’s holdings in Costco Wholesale were worth $9,338,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the first quarter valued at approximately $32,000. Financial Connections Group Inc. raised its position in shares of Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Bank & Trust Co acquired a new position in shares of Costco Wholesale in the second quarter valued at approximately $48,000. Ruedi Wealth Management Inc. raised its position in shares of Costco Wholesale by 73.5% in the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after buying an additional 25 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Costco Wholesale in the second quarter valued at approximately $50,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on COST shares. Telsey Advisory Group restated an “outperform” rating and issued a $1,000.00 target price on shares of Costco Wholesale in a report on Thursday, October 10th. Evercore ISI boosted their target price on shares of Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a report on Thursday, October 10th. Robert W. Baird boosted their target price on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Wells Fargo & Company boosted their target price 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, Roth Mkm boosted their target price on shares of Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $894.57.

Costco Wholesale Trading Down 0.6 %

COST opened at $893.42 on Friday. The stock has a market capitalization of $395.85 billion, a PE ratio of 53.92, a P/E/G ratio of 5.50 and a beta of 0.80. The firm’s fifty day moving average price is $891.03 and its 200 day moving average price is $836.93. 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 12-month low of $540.23 and a 12-month high of $923.83.

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, beating the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the company posted $4.86 earnings per share. As a group, research analysts expect 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. 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 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is 28.00%.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the sale, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at approximately $20,560,344. This 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 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 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 owns 10,202 shares in the company, valued at approximately $9,091,512.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the transaction, the executive vice president now owns 23,800 shares of the company’s stock, valued at $20,560,344. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,636 shares of company stock valued at $11,238,510. Company insiders own 0.18% of the company’s stock.

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.