Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Financial Gravity Asset Management Inc.

Financial Gravity Asset Management Inc. trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 1.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,304 shares of the retailer’s stock after selling 49 shares during the period. Financial Gravity Asset Management Inc.’s holdings in Costco Wholesale were worth $391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Schubert & Co lifted its position in shares of Costco Wholesale by 73.3% during the second quarter. Schubert & Co now owns 52 shares of the retailer’s stock worth $25,000 after purchasing an additional 22 shares in the last quarter. Moisand Fitzgerald Tamayo LLC lifted its position in shares of Costco Wholesale by 1,050.0% during the third quarter. Moisand Fitzgerald Tamayo LLC now owns 69 shares of the retailer’s stock worth $33,000 after purchasing an additional 63 shares in the last quarter. Newfound Research LLC acquired a new position in shares of Costco Wholesale during the third quarter worth $40,000. Charter Oak Capital Management LLC acquired a new position in shares of Costco Wholesale during the second quarter worth $41,000. Finally, Investors Research Corp lifted its position in shares of Costco Wholesale by 1,225.0% during the second quarter. Investors Research Corp now owns 106 shares of the retailer’s stock worth $51,000 after purchasing an additional 98 shares in the last quarter. 66.03% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Claudine Adamo sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $495.97, for a total value of $991,940.00. Following the completion of the sale, the executive vice president now owns 5,685 shares of the company’s stock, valued at $2,819,589.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Costco Wholesale news, CFO Richard A. Galanti sold 1,500 shares of the company’s stock in a transaction dated Tuesday, October 25th. The shares were sold at an average price of $477.65, for a total value of $716,475.00. Following the completion of the sale, the chief financial officer now directly owns 27,818 shares of the company’s stock, valued at approximately $13,287,267.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claudine Adamo sold 2,000 shares of the company’s stock in a transaction dated Wednesday, October 26th. The shares were sold at an average price of $495.97, for a total transaction of $991,940.00. Following the completion of the sale, the executive vice president now directly owns 5,685 shares of the company’s stock, valued at $2,819,589.45. The disclosure for this sale can be found here. Insiders sold 5,452 shares of company stock valued at $2,651,811 over the last 90 days. 0.22% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

Shares of COST opened at $480.11 on Monday. Costco Wholesale Co. has a 1 year low of $406.51 and a 1 year high of $612.27. The company has a market cap of $213.04 billion, a price-to-earnings ratio of 36.29, a price-to-earnings-growth ratio of 3.52 and a beta of 0.77. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.47 and a current ratio of 1.03. The firm has a fifty day moving average of $487.23 and a 200-day moving average of $501.67.

Costco Wholesale (NASDAQ:COSTGet Rating) last posted its quarterly earnings data on Thursday, December 8th. The retailer reported $3.10 earnings per share for the quarter, missing the consensus estimate of $3.14 by ($0.04). The company had revenue of $54.44 billion during the quarter, compared to analyst estimates of $54.67 billion. Costco Wholesale had a return on equity of 28.83% and a net margin of 2.55%. As a group, equities analysts anticipate that Costco Wholesale Co. will post 14.28 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 17th. Investors of record on Friday, February 3rd will be issued a $0.90 dividend. This represents a $3.60 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 2nd. Costco Wholesale’s payout ratio is currently 27.21%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group boosted their target price on shares of Costco Wholesale from $565.00 to $600.00 and gave the stock a “buy” rating in a research report on Friday, January 6th. Tigress Financial dropped their price target on shares of Costco Wholesale from $678.00 to $635.00 and set a “buy” rating for the company in a research note on Wednesday, December 21st. DA Davidson lifted their price target on shares of Costco Wholesale from $470.00 to $478.00 in a research note on Friday, January 6th. Loop Capital dropped their price target on shares of Costco Wholesale from $565.00 to $545.00 in a research note on Friday, December 9th. Finally, Oppenheimer restated an “outperform” rating and issued a $550.00 price target on shares of Costco Wholesale in a research note on Monday, December 5th. Four investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $551.68.

Costco Wholesale Company Profile

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

Further Reading

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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