Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Tarbox Family Office Inc.

Tarbox Family Office Inc. raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 20.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 894 shares of the retailer’s stock after purchasing an additional 149 shares during the quarter. Tarbox Family Office Inc.’s holdings in Costco Wholesale were worth $793,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BayBridge Capital Group LLC increased its holdings in shares of Costco Wholesale by 1.0% in the third quarter. BayBridge Capital Group LLC now owns 1,733 shares of the retailer’s stock valued at $1,536,000 after purchasing an additional 18 shares during the period. Lake Street Advisors Group LLC boosted its position in Costco Wholesale by 4.2% in the third quarter. Lake Street Advisors Group LLC now owns 4,791 shares of the retailer’s stock valued at $4,248,000 after buying an additional 195 shares during the last quarter. Financial Management Network Inc. acquired a new position in Costco Wholesale in the 3rd quarter worth approximately $4,461,000. West Wealth Group LLC raised its position in Costco Wholesale by 8.3% during the 3rd quarter. West Wealth Group LLC now owns 667 shares of the retailer’s stock worth $591,000 after buying an additional 51 shares during the last quarter. Finally, HWG Holdings LP lifted its stake in Costco Wholesale by 15.6% during the 3rd quarter. HWG Holdings LP now owns 6,429 shares of the retailer’s stock valued at $5,699,000 after acquiring an additional 866 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity

In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the transaction, the executive vice president now owns 22,900 shares of the company’s stock, valued at $20,015,745. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,636 shares of company stock valued at $11,238,510 in the last 90 days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST opened at $891.22 on Friday. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83. The stock has a market cap of $394.87 billion, a PE ratio of 53.79, a P/E/G ratio of 5.50 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The stock has a 50 day moving average price of $891.76 and a 200 day moving average price of $839.41.

Costco Wholesale (NASDAQ:COST) 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 business had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company earned $4.86 EPS. Equities research analysts expect that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company 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 $1.16 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.52%. Costco Wholesale’s payout ratio is 28.00%.

Analyst Ratings Changes

Several brokerages recently issued reports on COST. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a report on Thursday, August 8th. Melius Research assumed coverage on Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective for the company. Truist Financial cut Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective for the company. in a report on Tuesday, September 24th. TD Cowen raised their target price on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Stifel Nicolaus boosted their price target on Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a report on Thursday, October 10th. Ten equities research 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.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $894.57.

About Costco Wholesale

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.