Costco Wholesale Corporation $COST Shares Sold by Centerpoint Advisors LLC

Centerpoint Advisors LLC cut its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 11.3% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,162 shares of the retailer’s stock after selling 148 shares during the period. Centerpoint Advisors LLC’s holdings in Costco Wholesale were worth $1,150,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Corps Capital Advisors LLC raised its holdings in Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after purchasing an additional 10 shares during the last quarter. Covestor Ltd increased its position in Costco Wholesale by 8.6% during the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after buying an additional 10 shares in the last quarter. Viewpoint Capital Management LLC increased its position in Costco Wholesale by 0.4% during the first quarter. Viewpoint Capital Management LLC now owns 2,689 shares of the retailer’s stock worth $2,543,000 after buying an additional 11 shares in the last quarter. Mitchell Mcleod Pugh & Williams Inc. increased its position in Costco Wholesale by 0.4% during the first quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,071 shares of the retailer’s stock worth $2,905,000 after buying an additional 11 shares in the last quarter. Finally, SeaBridge Investment Advisors LLC increased its position in Costco Wholesale by 0.4% during the first quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock worth $2,327,000 after buying an additional 11 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Costco Wholesale news, insider Tiffany Marie Barbre sold 1,239 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $934.62, for a total transaction of $1,157,994.18. Following the completion of the sale, the insider owned 5,155 shares of the company’s stock, valued at approximately $4,817,966.10. The trade was a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 2,700 shares of the business’s stock in a transaction dated Friday, October 24th. The shares were sold at an average price of $935.68, for a total value of $2,526,336.00. Following the sale, the executive vice president directly owned 6,851 shares of the company’s stock, valued at approximately $6,410,343.68. This trade represents a 28.27% decrease in their position. The disclosure for this sale can be found here. Insiders sold 7,920 shares of company stock worth $7,373,175 in the last three months. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $929.85 on Tuesday. The company has a market cap of $412.09 billion, a P/E ratio of 51.06, a P/E/G ratio of 5.66 and a beta of 0.98. The company has a quick ratio of 0.55, a current ratio of 1.03 and a debt-to-equity ratio of 0.20. Costco Wholesale Corporation has a 52 week low of $867.34 and a 52 week high of $1,078.23. The business has a fifty day simple moving average of $944.24 and a 200-day simple moving average of $971.91.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. The business had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $5.15 earnings per share. Equities research analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be given a $1.30 dividend. The ex-dividend date of this dividend is Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is currently 28.56%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on COST. Mizuho dropped their price target on Costco Wholesale from $975.00 to $950.00 and set a “neutral” rating for the company in a research report on Thursday, October 9th. JPMorgan Chase & Co. dropped their price target on Costco Wholesale from $1,160.00 to $1,050.00 and set an “overweight” rating for the company in a research report on Friday, September 26th. Evercore ISI dropped their price target on Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Argus raised their price target on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a research report on Monday, September 29th. Finally, Truist Financial dropped their price target on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research report on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $1,068.15.

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.