DeDora Capital Inc. Sells 27 Shares of Costco Wholesale Co. (NASDAQ:COST)

DeDora Capital Inc. cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 4,143 shares of the retailer’s stock after selling 27 shares during the quarter. Costco Wholesale comprises 1.0% of DeDora Capital Inc.’s holdings, making the stock its 24th largest position. DeDora Capital Inc.’s holdings in Costco Wholesale were worth $3,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. Redmont Wealth Advisors LLC purchased a new stake in Costco Wholesale in the first quarter valued at about $32,000. Financial Connections Group Inc. raised its stake 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 worth $39,000 after purchasing an additional 39 shares during the last quarter. Bank & Trust Co purchased a new position in shares of Costco Wholesale in the second quarter worth about $48,000. Ruedi Wealth Management Inc. raised its stake 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 worth $50,000 after purchasing an additional 25 shares during the last quarter. Finally, Summit Securities Group LLC purchased a new position in shares of Costco Wholesale in the second quarter worth about $50,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Susan L. Decker sold 620 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the transaction, the executive vice president now directly owns 23,800 shares in the company, valued at approximately $20,560,344. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,224 shares of company stock valued at $9,974,973 in the last quarter. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.8 %

Shares of NASDAQ:COST opened at $893.49 on Wednesday. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The business has a fifty day moving average of $890.30 and a two-hundred day moving average of $836.49. The stock has a market cap of $395.88 billion, a P/E ratio of 53.92, a PEG ratio of 5.47 and a beta of 0.80. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83.

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, beating the consensus estimate of $5.05 by $0.10. The company had revenue of $79.70 billion during 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%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the business earned $4.86 EPS. On average, research analysts expect that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Melius Research assumed coverage on Costco Wholesale in a research note on Monday, September 23rd. They issued a “hold” rating and a $950.00 price objective for the company. Stifel Nicolaus raised their price objective on Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research note on Thursday, October 10th. Sanford C. Bernstein assumed coverage on Costco Wholesale in a research note on Tuesday. They issued an “outperform” rating and a $1,016.00 price objective for the company. DA Davidson restated a “neutral” rating and issued a $880.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 10th. Finally, Tigress Financial reiterated a “buy” rating and set a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Ten investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $894.57.

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.