Private Advisory Group LLC Sells 73 Shares of Costco Wholesale Co. (NASDAQ:COST)

Private Advisory Group LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,303 shares of the retailer’s stock after selling 73 shares during the quarter. Costco Wholesale accounts for approximately 1.9% of Private Advisory Group LLC’s investment portfolio, making the stock its 16th biggest holding. Private Advisory Group LLC’s holdings in Costco Wholesale were worth $4,409,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. increased its stake in Costco Wholesale by 1.4% in the 2nd quarter. Vanguard Group Inc. now owns 37,343,168 shares of the retailer’s stock valued at $9,868,305,000 after buying an additional 508,650 shares during the last quarter. Northern Trust Corp increased its stake in Costco Wholesale by 1.0% in the 2nd quarter. Northern Trust Corp now owns 6,379,195 shares of the retailer’s stock valued at $1,685,767,000 after buying an additional 60,035 shares during the last quarter. Invesco Ltd. increased its stake in Costco Wholesale by 4.6% in the 2nd quarter. Invesco Ltd. now owns 4,818,879 shares of the retailer’s stock valued at $1,273,437,000 after buying an additional 211,017 shares during the last quarter. Nuveen Asset Management LLC increased its stake in Costco Wholesale by 40,778.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,772,976 shares of the retailer’s stock valued at $1,261,307,000 after buying an additional 4,761,300 shares during the last quarter. Finally, Morgan Stanley increased its stake in Costco Wholesale by 8.8% in the 2nd quarter. Morgan Stanley now owns 3,394,496 shares of the retailer’s stock valued at $897,029,000 after buying an additional 274,845 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale stock traded down $0.43 during mid-day trading on Thursday, reaching $296.89. The company’s stock had a trading volume of 79,455 shares, compared to its average volume of 2,153,186. Costco Wholesale Co. has a 12-month low of $189.51 and a 12-month high of $307.34. The company has a market capitalization of $131.88 billion, a P/E ratio of 36.26, a PEG ratio of 4.11 and a beta of 0.94. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01. The firm’s fifty day moving average price is $293.79 and its two-hundred day moving average price is $269.54.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, October 3rd. The retailer reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.54 by $0.15. Costco Wholesale had a net margin of 2.40% and a return on equity of 25.00%. The business had revenue of $47.50 billion during the quarter, compared to analyst estimates of $47.71 billion. During the same period in the previous year, the business earned $2.36 EPS. Costco Wholesale’s revenue was up 7.0% compared to the same quarter last year. On average, research analysts predict that Costco Wholesale Co. will post 8.6 EPS for the current fiscal year.

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 $0.65 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $2.60 dividend on an annualized basis and a yield of 0.88%. Costco Wholesale’s dividend payout ratio is 31.75%.

In related news, Director Susan L. Decker sold 1,008 shares of Costco Wholesale stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $302.50, for a total value of $304,920.00. Following the completion of the transaction, the director now directly owns 40,462 shares in the company, valued at approximately $12,239,755. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Paul G. Moulton sold 5,976 shares of the firm’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $298.06, for a total transaction of $1,781,206.56. Following the completion of the transaction, the vice president now directly owns 36,010 shares of the company’s stock, valued at $10,733,140.60. The disclosure for this sale can be found here. Insiders sold a total of 7,317 shares of company stock valued at $2,185,194 over the last quarter. 0.21% of the stock is owned by company insiders.

Several equities research analysts have commented on the stock. Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $289.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Telsey Advisory Group increased their price objective on shares of Costco Wholesale from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. BidaskClub lowered shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Thursday. ValuEngine lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Nomura increased their price objective on shares of Costco Wholesale from $235.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $293.13.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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

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