Captrust Financial Advisors Has $120.89 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Captrust Financial Advisors increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 136,363 shares of the retailer’s stock after acquiring an additional 2,483 shares during the period. Captrust Financial Advisors’ holdings in Costco Wholesale were worth $120,888,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in COST. RPg Family Wealth Advisory LLC acquired a new position in Costco Wholesale during the third quarter worth $29,000. Financial Connections Group Inc. boosted its holdings in Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares during the last quarter. Bank & Trust Co acquired a new position in Costco Wholesale during the second quarter worth $48,000. Ruedi Wealth Management Inc. boosted its holdings 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 purchasing an additional 25 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new position in Costco Wholesale during the second quarter worth $50,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.0 %

COST opened at $961.55 on Friday. The company’s 50 day moving average is $906.32 and its 200-day moving average is $870.06. Costco Wholesale Co. has a 1-year low of $582.83 and a 1-year high of $976.30. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The company has a market cap of $426.03 billion, a P/E ratio of 58.03, a PEG ratio of 5.93 and a beta of 0.80.

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

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $1.16 dividend. The ex-dividend date was Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale’s payout ratio is currently 28.00%.

Insider Activity

In related news, EVP Russell D. Miller sold 4,400 shares of Costco Wholesale stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the sale, the executive vice president now directly owns 10,202 shares in the company, valued at $9,091,512.30. This trade represents a 30.13 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction that occurred on 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 approximately $7,671,983.70. This represents a 27.05 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,016 shares of company stock worth $9,826,115. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of recent analyst reports. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research note on Friday. Redburn Atlantic cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and increased their price target for the company from $860.00 to $890.00 in a research note on Tuesday, September 10th. Loop Capital increased their price target on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research note on Friday, September 27th. The Goldman Sachs Group increased their price target on shares of Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Finally, Oppenheimer increased their price target on shares of Costco Wholesale from $955.00 to $980.00 and gave the company an “outperform” rating in a research note on Thursday, October 10th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $908.81.

Costco Wholesale Company Profile

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.