Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Oak Harbor Wealth Partners LLC

Oak Harbor Wealth Partners LLC increased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 9,012 shares of the retailer’s stock after purchasing an additional 15 shares during the period. Costco Wholesale makes up approximately 2.3% of Oak Harbor Wealth Partners LLC’s holdings, making the stock its 8th biggest holding. Oak Harbor Wealth Partners LLC’s holdings in Costco Wholesale were worth $7,990,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of COST. Resurgent Financial Advisors LLC boosted its stake in shares of Costco Wholesale by 1.0% in the first quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock valued at $1,004,000 after purchasing an additional 14 shares during the period. China Universal Asset Management Co. Ltd. lifted its holdings in Costco Wholesale by 22.3% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 7,719 shares of the retailer’s stock worth $5,655,000 after buying an additional 1,408 shares in the last quarter. Banco Santander S.A. boosted its position in Costco Wholesale by 44.4% in the 1st quarter. Banco Santander S.A. now owns 10,902 shares of the retailer’s stock valued at $7,987,000 after buying an additional 3,352 shares during the last quarter. First Foundation Advisors grew its stake in shares of Costco Wholesale by 5.3% during the first quarter. First Foundation Advisors now owns 15,843 shares of the retailer’s stock valued at $11,607,000 after acquiring an additional 793 shares in the last quarter. Finally, Towercrest Capital Management purchased a new stake in shares of Costco Wholesale during the first quarter worth about $257,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on COST shares. Roth Mkm raised their price objective on Costco Wholesale from $676.00 to $755.00 and gave the company a “neutral” rating in a research note on Friday, September 27th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a research report on Thursday, August 8th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. Truist Financial downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price objective on the stock. in a research note on Tuesday, September 24th. Finally, Barclays boosted their target price on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Ten equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $905.30.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 4,400 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of $891.15, for a total transaction of $3,921,060.00. Following the completion of the transaction, the executive vice president now directly owns 10,202 shares of the company’s stock, valued at approximately $9,091,512.30. This trade represents a 30.13 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. This represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,016 shares of company stock worth $9,826,115 over the last ninety days. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Price Performance

NASDAQ COST opened at $923.89 on Friday. The company has a 50-day moving average price of $896.25 and a two-hundred day moving average price of $855.99. Costco Wholesale Co. has a 52 week low of $572.24 and a 52 week high of $962.00. The stock has a market cap of $409.35 billion, a price-to-earnings ratio of 55.76, a price-to-earnings-growth ratio of 5.76 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25.

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

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is 28.00%.

About Costco Wholesale

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.