Cumberland Partners Ltd Has $42.32 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Cumberland Partners Ltd decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,732 shares of the retailer’s stock after selling 1,198 shares during the period. Costco Wholesale comprises about 2.9% of Cumberland Partners Ltd’s portfolio, making the stock its 8th largest holding. Cumberland Partners Ltd’s holdings in Costco Wholesale were worth $42,315,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Resurgent Financial Advisors LLC boosted its holdings in shares of Costco Wholesale by 1.0% during the first quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock valued at $1,004,000 after acquiring an additional 14 shares during the period. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Costco Wholesale by 22.3% during the first quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock valued at $5,655,000 after acquiring an additional 1,408 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its holdings in shares of Costco Wholesale by 82.7% during the first quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 288,774 shares of the retailer’s stock valued at $211,565,000 after acquiring an additional 130,737 shares during the period. New Insight Wealth Advisors acquired a new position in shares of Costco Wholesale during the first quarter valued at $203,000. Finally, Hudson Value Partners LLC boosted its holdings in shares of Costco Wholesale by 0.4% during the first quarter. Hudson Value Partners LLC now owns 7,509 shares of the retailer’s stock valued at $5,501,000 after acquiring an additional 29 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on COST shares. Tigress Financial reaffirmed a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,000.00 price objective on shares of Costco Wholesale in a report on Monday, November 4th. TD Cowen upped their price objective on shares of Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective for the company in a report on Thursday, August 8th. Finally, Barclays upped their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a report on Friday, September 27th. Ten investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $905.30.

Costco Wholesale Stock Down 0.2 %

Shares of COST traded down $1.72 during trading hours on Tuesday, reaching $931.16. The company’s stock had a trading volume of 175,312 shares, compared to its average volume of 1,922,669. The firm has a market cap of $412.57 billion, a price-to-earnings ratio of 56.30, a P/E/G ratio of 5.81 and a beta of 0.80. Costco Wholesale Co. has a 1-year low of $572.24 and a 1-year high of $962.00. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. The company has a 50 day moving average of $894.30 and a two-hundred day moving average of $854.01.

Costco Wholesale (NASDAQ:COST) last issued its 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. The company had revenue of $79.70 billion for the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.86 EPS. As a group, research analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $4.64 dividend on an annualized basis and a yield of 0.50%. Costco Wholesale’s dividend payout ratio is currently 28.00%.

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares in the company, valued at approximately $20,015,745. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares in the company, valued at approximately $20,015,745. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,136 shares of company stock worth $10,806,570. Insiders own 0.18% of the company’s stock.

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.