DMC Group LLC Sells 139 Shares of Costco Wholesale Co. (NASDAQ:COST)

DMC Group LLC decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 7.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,830 shares of the retailer’s stock after selling 139 shares during the period. Costco Wholesale comprises 1.3% of DMC Group LLC’s portfolio, making the stock its 14th biggest position. DMC Group LLC’s holdings in Costco Wholesale were worth $1,622,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale during the first quarter valued at approximately $32,000. Financial Connections Group Inc. increased its position in shares of Costco Wholesale by 557.1% during the 2nd 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 bought a new stake in shares of Costco Wholesale during the 2nd quarter worth approximately $48,000. Ruedi Wealth Management Inc. boosted its holdings in shares of Costco Wholesale by 73.5% in the 2nd 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 Costco Wholesale during the second quarter worth $50,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the subject of a number of recent analyst reports. Loop Capital increased their price target on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Bank of America lifted their price target on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Oppenheimer lifted their target price on Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Finally, Evercore ISI increased their price target on Costco Wholesale from $985.00 to $990.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $890.07.

Insider Activity at Costco Wholesale

In other news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Susan L. Decker sold 620 shares of the business’s 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 sale, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the sale, the executive vice president now owns 23,800 shares in the company, valued at approximately $20,560,344. This 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 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 Trading Up 0.5 %

Shares of COST opened at $889.56 on Monday. 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 $540.23 and a 52-week high of $923.83. The firm has a market cap of $394.37 billion, a price-to-earnings ratio of 55.12, a PEG ratio of 5.48 and a beta of 0.80. The business’s fifty day moving average is $889.26 and its 200-day moving average is $833.95.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 return on equity of 31.05% and a net margin of 2.90%. The business’s revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.86 earnings per share. Equities analysts anticipate that Costco Wholesale Co. will post 17.74 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s payout ratio is 28.75%.

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.