OneDigital Investment Advisors LLC Sells 144 Shares of Costco Wholesale Co. (NASDAQ:COST)

by · The Markets Daily

OneDigital Investment Advisors LLC lowered its stake in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,342 shares of the retailer’s stock after selling 144 shares during the quarter. OneDigital Investment Advisors LLC’s holdings in Costco Wholesale were worth $18,920,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in COST. Financial Connections Group Inc. increased its stake in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after buying an additional 39 shares in the last quarter. Bank & Trust Co purchased a new stake in shares of Costco Wholesale during the second quarter worth about $48,000. Ruedi Wealth Management Inc. raised its stake in Costco Wholesale by 73.5% during the 2nd quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock valued at $50,000 after purchasing an additional 25 shares during the period. Summit Securities Group LLC purchased a new position in Costco Wholesale in the 2nd quarter worth approximately $50,000. Finally, Mowery & Schoenfeld Wealth Management LLC bought a new position in Costco Wholesale in the 3rd quarter worth approximately $58,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction that occurred on Thursday, October 24th. The shares were 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 in the company, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the transaction, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. The trade was a 27.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 11,016 shares of company stock valued at $9,826,115. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 1.1 %

COST stock opened at $923.89 on Friday. Costco Wholesale Co. has a 12 month low of $572.24 and a 12 month high of $962.00. The firm’s 50-day moving average is $896.25 and its 200 day moving average is $855.99. The company has a market capitalization of $409.35 billion, a PE ratio of 55.76, a P/E/G ratio of 5.76 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale (NASDAQ:COST – Get Free Report) last posted its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.10. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The firm had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter in the previous year, the firm posted $4.86 earnings per share. The company’s revenue was up 1.0% on a year-over-year basis. On average, research analysts anticipate that Costco Wholesale Co. will post 17.75 EPS for the current year.

Costco Wholesale Announces Dividend

The firm 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 dividend on an annualized basis and a yield of 0.50%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.00%.

Analysts Set New Price Targets

Several equities analysts have recently commented on COST shares. The Goldman Sachs Group boosted their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. TD Cowen boosted their price target on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Telsey Advisory Group restated an “outperform” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research report on Monday, November 4th. Morgan Stanley boosted their target price on Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Finally, Roth Mkm raised their price target on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $905.30.

Get Our Latest Stock Report on Costco Wholesale

Costco Wholesale Company Profile

(Free Report)

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.

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