Rise Advisors LLC Sells 17 Shares of Costco Wholesale Co. (NASDAQ:COST)

Rise Advisors LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 742 shares of the retailer’s stock after selling 17 shares during the period. Costco Wholesale makes up 0.3% of Rise Advisors LLC’s portfolio, making the stock its 28th biggest position. Rise Advisors LLC’s holdings in Costco Wholesale were worth $680,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the third quarter worth $29,000. Fairway Wealth LLC grew its stake in Costco Wholesale by 230.0% in the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after acquiring an additional 46 shares during the period. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale in the third quarter worth about $58,000. Christopher J. Hasenberg Inc raised its position in shares of Costco Wholesale by 329.4% during the third quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after purchasing an additional 56 shares during the period. Finally, VitalStone Financial LLC bought a new position in shares of Costco Wholesale during the 3rd quarter valued at about $71,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Up 0.0 %

NASDAQ:COST traded up $0.44 during mid-day trading on Tuesday, hitting $923.15. 821,223 shares of the company’s stock were exchanged, compared to its average volume of 1,533,372. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a fifty-two week low of $654.03 and a fifty-two week high of $1,008.25. The company has a 50 day simple moving average of $944.01 and a 200-day simple moving average of $897.06. The firm has a market capitalization of $409.79 billion, a P/E ratio of 54.21, a PEG ratio of 6.02 and a beta of 0.84.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 27.25%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on COST. Jefferies Financial Group raised their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Barclays boosted their price objective on shares of Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Melius Research began coverage on Costco Wholesale in a research note on Monday, September 23rd. They issued a “hold” rating and a $950.00 price target on the stock. TD Cowen increased their price objective on Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a report on Friday, December 13th. Finally, Stifel Nicolaus boosted their target price on Costco Wholesale from $935.00 to $1,000.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Nine equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the transaction, the executive vice president now directly owns 10,202 shares in the company, valued at $9,091,512.30. The trade was a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,816 shares of company stock worth $6,981,347 over the last three months. 0.18% of the stock is owned by company insiders.

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.