Ted Buchan & Co Has $2.55 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Ted Buchan & Co lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 2,872 shares of the retailer’s stock after selling 277 shares during the quarter. Costco Wholesale accounts for approximately 1.2% of Ted Buchan & Co’s portfolio, making the stock its 22nd biggest position. Ted Buchan & Co’s holdings in Costco Wholesale were worth $2,547,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fermata Advisors LLC raised its holdings in shares of Costco Wholesale by 0.6% during the third quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after purchasing an additional 11 shares during the last quarter. Oak Asset Management LLC lifted its holdings in shares of Costco Wholesale by 0.3% during the 2nd quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after buying an additional 12 shares during the period. Peddock Capital Advisors LLC boosted its stake in shares of Costco Wholesale by 0.7% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after buying an additional 12 shares during the last quarter. Perkins Coie Trust Co grew its holdings in shares of Costco Wholesale by 0.3% in the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after acquiring an additional 12 shares during the period. Finally, Firethorn Wealth Partners LLC increased its position in Costco Wholesale by 3.5% during the third quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after acquiring an additional 12 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on COST shares. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a research report on Thursday, August 8th. Redburn Atlantic lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their target price for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $980.00 target price (up from $950.00) on shares of Costco Wholesale in a report on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus target price of $905.30.

Insider Activity at Costco Wholesale

In other news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the sale, the executive vice president now directly owns 22,900 shares in the company, valued at approximately $20,015,745. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the sale, the executive vice president now owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares in the company, valued at approximately $24,514,232. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,636 shares of company stock worth $11,238,510 in the last quarter. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Up 3.3 %

Shares of COST opened at $943.80 on Friday. The business’s 50 day simple moving average is $893.49 and its 200-day simple moving average is $850.73. Costco Wholesale Co. has a 1 year low of $562.01 and a 1 year high of $962.00. 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 stock has a market capitalization of $418.17 billion, a price-to-earnings ratio of 56.96, a price-to-earnings-growth ratio of 5.53 and a beta of 0.80.

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

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.49%. The ex-dividend date of this dividend is Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 28.00%.

Costco Wholesale 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.