Efficient Advisors LLC Sells 69 Shares of Costco Wholesale Corporation $COST

Efficient Advisors LLC decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 385 shares of the retailer’s stock after selling 69 shares during the period. Efficient Advisors LLC’s holdings in Costco Wholesale were worth $381,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Corps Capital Advisors LLC boosted its stake in Costco Wholesale by 0.7% in the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after buying an additional 10 shares in the last quarter. Covestor Ltd lifted its holdings in shares of Costco Wholesale by 8.6% during the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after acquiring an additional 10 shares during the period. Mitchell Mcleod Pugh & Williams Inc. boosted its stake in shares of Costco Wholesale by 0.4% in the 1st quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,071 shares of the retailer’s stock valued at $2,905,000 after purchasing an additional 11 shares in the last quarter. SeaBridge Investment Advisors LLC boosted its stake in shares of Costco Wholesale by 0.4% in the 1st quarter. SeaBridge Investment Advisors LLC now owns 2,460 shares of the retailer’s stock valued at $2,327,000 after purchasing an additional 11 shares in the last quarter. Finally, Redwood Park Advisors LLC grew its holdings in shares of Costco Wholesale by 6.8% in the 1st quarter. Redwood Park Advisors LLC now owns 173 shares of the retailer’s stock worth $163,000 after purchasing an additional 11 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Claudine Adamo sold 2,700 shares of the stock in a transaction that occurred on Friday, October 24th. The shares were sold at an average price of $935.68, for a total transaction of $2,526,336.00. Following the completion of the transaction, the executive vice president owned 6,851 shares in the company, valued at $6,410,343.68. This represents a 28.27% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 7,920 shares of company stock worth $7,373,175 over the last quarter. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 0.1%

NASDAQ:COST opened at $922.74 on Friday. The stock’s fifty day moving average price is $938.12 and its two-hundred day moving average price is $968.70. The company has a market cap of $408.94 billion, a price-to-earnings ratio of 50.67, a P/E/G ratio of 5.54 and a beta of 0.98. Costco Wholesale Corporation has a 52-week low of $871.71 and a 52-week high of $1,078.23. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 earnings per share for the quarter, topping analysts’ consensus estimates of $5.81 by $0.06. The company had revenue of $86.16 billion during the quarter, compared to the consensus estimate of $86.01 billion. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $5.15 earnings per share. On average, analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Friday, October 31st will be given a dividend of $1.30 per share. The ex-dividend date is Friday, October 31st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio is presently 28.56%.

Wall Street Analyst Weigh In

A number of research firms have commented on COST. Weiss Ratings restated a “buy (b-)” rating on shares of Costco Wholesale in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their target price on shares of Costco Wholesale from $1,333.00 to $1,418.00 and gave the company a “buy” rating in a research note on Friday, September 26th. Argus boosted their target price on Costco Wholesale from $1,170.00 to $1,200.00 and gave the stock a “buy” rating in a report on Monday, September 29th. Daiwa Capital Markets decreased their price target on Costco Wholesale from $1,005.00 to $947.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 30th. Finally, Truist Financial cut their price objective on Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating for the company in a research report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $1,063.88.

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.