Costco Wholesale Co. (NASDAQ:COST) Shares Sold by OneAscent Wealth Management LLC

by · The Markets Daily

OneAscent Wealth Management LLC reduced its holdings in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 12.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 708 shares of the retailer’s stock after selling 105 shares during the period. OneAscent Wealth Management LLC’s holdings in Costco Wholesale were worth $628,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of COST. Financial Connections Group Inc. boosted 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 acquiring an additional 39 shares during the last quarter. Bank & Trust Co acquired a new stake in shares of Costco Wholesale in the second quarter worth approximately $48,000. Ruedi Wealth Management Inc. boosted its stake in Costco Wholesale by 73.5% during the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after buying an additional 25 shares during the last quarter. Summit Securities Group LLC acquired a new position in Costco Wholesale during the second quarter worth $50,000. Finally, Fairway Wealth LLC boosted its stake in Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after buying an additional 46 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent research reports. Loop Capital boosted their price objective on Costco Wholesale from $975.00 to $1,005.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. BMO Capital Markets reissued an “outperform” rating and set a $980.00 price objective (up previously from $950.00) on shares of Costco Wholesale in a research note on Friday, September 27th. Wells Fargo & Company boosted their price objective on Costco Wholesale from $800.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Oppenheimer boosted their price objective 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, Telsey Advisory Group reissued an “outperform” rating and set a $1,000.00 price objective on shares of Costco Wholesale in a research note on Monday, November 4th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $905.30.

View Our Latest Report on COST

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now owns 8,630 shares in the company, valued at $7,671,983.70. This represents a 27.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now owns 10,210 shares in the company, valued at approximately $9,155,409.10. This trade represents a 16.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,016 shares of company stock worth $9,826,115 in the last quarter. 0.18% of the stock is owned by company insiders.

Costco Wholesale Trading Up 0.6 %

Shares of COST stock traded up $5.85 on Monday, hitting $912.92. The stock had a trading volume of 151,104 shares, compared to its average volume of 1,922,061. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The firm has a market capitalization of $404.49 billion, a P/E ratio of 54.74, a P/E/G ratio of 5.60 and a beta of 0.80. Costco Wholesale Co. has a 1 year low of $577.34 and a 1 year high of $962.00. The company’s 50 day moving average price is $897.62 and its 200-day moving average price is $859.62.

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

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.51%. Costco Wholesale’s dividend payout ratio (DPR) is 28.00%.

Costco Wholesale 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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