Jeppson Wealth Management LLC Sells 53 Shares of Costco Wholesale Co. (NASDAQ:COST)

12 Nov 2024, 10:50 by Amy Steele · The Cerbat Gem

Jeppson Wealth Management LLC decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 11.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 405 shares of the retailer’s stock after selling 53 shares during the quarter. Jeppson Wealth Management LLC’s holdings in Costco Wholesale were worth $359,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors boosted its position in Costco Wholesale by 62.8% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock valued at $2,143,000 after buying an additional 932 shares in the last quarter. Hudson Value Partners LLC boosted its position in Costco Wholesale by 7.6% in the third quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock valued at $7,133,000 after buying an additional 568 shares in the last quarter. Cantor Fitzgerald Investment Advisors L.P. boosted its position in Costco Wholesale by 66.9% in the third quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 3,088 shares of the retailer’s stock valued at $2,738,000 after buying an additional 1,238 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in Costco Wholesale by 52.1% in the second quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after buying an additional 2,620 shares in the last quarter. Finally, Patton Fund Management Inc. acquired a new position in Costco Wholesale in the third quarter valued at about $6,424,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 1.2 %

Shares of COST stock opened at $932.88 on Tuesday. The firm has a fifty day moving average of $893.49 and a 200-day moving average of $852.53. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 12-month low of $572.24 and a 12-month high of $962.00. The company has a market capitalization of $413.33 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 (NASDAQ:COST – Get Free Report) last issued its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $79.91 billion. During the same quarter in the prior year, the firm earned $4.86 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.50%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s payout ratio is 28.00%.

Analysts Set New Price Targets

A number of equities analysts have commented on COST shares. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price target on the stock. BMO Capital Markets restated an “outperform” rating and issued a $980.00 price target (up from $950.00) on shares of Costco Wholesale in a research report on Friday, September 27th. DA Davidson reiterated a “neutral” rating and set a $880.00 target price on shares of Costco Wholesale in a research report on Thursday, October 10th. Stifel Nicolaus upped their target price on shares of Costco Wholesale from $925.00 to $935.00 and gave the stock a “buy” rating in a research report on Thursday, October 10th. Finally, Redburn Atlantic lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and upped their target price for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $905.30.

View Our Latest Analysis on COST

Insider Buying and Selling

In related news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction 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 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares in the company, valued at $10,320,787.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Richard A. Galanti sold 500 shares of the stock in a transaction 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. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,136 shares of company stock worth $10,806,570. 0.18% of the stock is owned by insiders.

Costco Wholesale Company Profile

(Free Report)