Argent Advisors Inc. Lowers Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Argent Advisors Inc. decreased its position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 3.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,153 shares of the retailer’s stock after selling 75 shares during the period. Argent Advisors Inc.’s holdings in Costco Wholesale were worth $1,216,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Arbor Capital Management Inc. ADV increased its position in shares of Costco Wholesale by 0.8% in the 2nd quarter. Arbor Capital Management Inc. ADV now owns 3,210 shares of the retailer’s stock worth $1,730,000 after purchasing an additional 27 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Costco Wholesale by 1.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 530,031 shares of the retailer’s stock worth $285,358,000 after purchasing an additional 6,049 shares during the last quarter. Keating Investment Counselors Inc. increased its position in shares of Costco Wholesale by 43.0% in the 3rd quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock worth $1,493,000 after purchasing an additional 795 shares during the last quarter. CWM LLC increased its position in shares of Costco Wholesale by 21.9% in the 2nd quarter. CWM LLC now owns 27,402 shares of the retailer’s stock worth $14,753,000 after purchasing an additional 4,915 shares during the last quarter. Finally, Resources Management Corp CT ADV increased its position in shares of Costco Wholesale by 1,396.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 14,960 shares of the retailer’s stock worth $8,054,000 after purchasing an additional 13,960 shares during the last quarter. Institutional investors own 66.31% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on COST shares. Oppenheimer boosted their price objective on shares of Costco Wholesale from $695.00 to $760.00 and gave the company an “outperform” rating in a research report on Friday, February 2nd. JPMorgan Chase & Co. lowered their price objective on shares of Costco Wholesale from $620.00 to $605.00 and set an “overweight” rating for the company in a research report on Thursday, November 2nd. The Goldman Sachs Group boosted their price objective on shares of Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a research report on Thursday. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Saturday, January 13th. Finally, DA Davidson boosted their price objective on shares of Costco Wholesale from $570.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $659.96.

Get Our Latest Research Report on COST

Insiders Place Their Bets

In other news, insider Daniel M. Hines sold 1,400 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total transaction of $927,220.00. Following the completion of the sale, the insider now owns 13,922 shares in the company, valued at approximately $9,220,540.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director W Craig Jelinek sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the completion of the transaction, the director now owns 216,212 shares in the company, valued at $148,306,297.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Daniel M. Hines sold 1,400 shares of the business’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total transaction of $927,220.00. Following the transaction, the insider now owns 13,922 shares of the company’s stock, valued at approximately $9,220,540.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 13,752 shares of company stock valued at $9,377,669. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.6 %

Shares of Costco Wholesale stock traded up $4.38 during midday trading on Thursday, reaching $724.16. 1,917,190 shares of the company’s stock traded hands, compared to its average volume of 2,106,061. Costco Wholesale Co. has a 52 week low of $465.33 and a 52 week high of $728.17. The company’s 50 day simple moving average is $664.57 and its 200 day simple moving average is $597.53. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.60 and a current ratio of 1.09. The company has a market cap of $321.33 billion, a price-to-earnings ratio of 49.50, a price-to-earnings-growth ratio of 5.13 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings results on Thursday, December 14th. The retailer reported $3.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.41 by $0.07. The company had revenue of $57.80 billion for the quarter, compared to analyst estimates of $57.79 billion. Costco Wholesale had a net margin of 2.65% and a return on equity of 27.44%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the business posted $3.10 EPS. Equities analysts expect that Costco Wholesale Co. will post 15.6 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, February 2nd will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, February 1st. Costco Wholesale’s dividend payout ratio is presently 27.81%.

About Costco Wholesale

(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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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

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

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