Trinity Legacy Partners LLC Sells 404 Shares of Costco Wholesale Co. (NASDAQ:COST)

Trinity Legacy Partners LLC decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.0% in the 3rd quarter, Holdings Channel reports. The fund owned 6,328 shares of the retailer’s stock after selling 404 shares during the quarter. Costco Wholesale accounts for approximately 1.3% of Trinity Legacy Partners LLC’s investment portfolio, making the stock its 26th biggest position. Trinity Legacy Partners LLC’s holdings in Costco Wholesale were worth $5,630,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Connections Group Inc. boosted its position in Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares during the last quarter. Bank & Trust Co acquired a new position in Costco Wholesale during the second quarter worth $48,000. Ruedi Wealth Management Inc. boosted its holdings in Costco Wholesale by 73.5% during the second quarter. Ruedi Wealth Management Inc. now owns 59 shares of the retailer’s stock worth $50,000 after purchasing an additional 25 shares during the last quarter. Summit Securities Group LLC bought a new position in Costco Wholesale in the second quarter valued at $50,000. Finally, Fairway Wealth LLC increased its stake in Costco Wholesale by 230.0% in the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after buying an additional 46 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the sale, the executive vice president now owns 10,210 shares in the company, valued at $9,155,409.10. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares in the company, valued at $24,514,232. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,636 shares of company stock valued at $11,238,510. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 1.6 %

COST stock opened at $913.93 on Friday. Costco Wholesale Co. has a 52 week low of $562.01 and a 52 week high of $923.83. The business has a 50-day simple moving average of $891.92 and a 200 day simple moving average of $848.69. 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 market cap of $404.93 billion, a PE ratio of 55.16, a price-to-earnings-growth ratio of 5.45 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10. The company had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. During the same quarter in the prior year, the firm posted $4.86 EPS. The firm’s quarterly revenue was up 1.0% on a year-over-year basis. Sell-side analysts anticipate that Costco Wholesale Co. will post 17.75 EPS 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. Stockholders of record on Friday, November 1st will be paid a $1.16 dividend. The ex-dividend date is Friday, November 1st. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. Costco Wholesale’s payout ratio is 28.00%.

Wall Street Analyst Weigh In

Several research analysts recently commented on COST shares. Loop Capital increased their price target on Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Sanford C. Bernstein started coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 target price on the stock. Stifel Nicolaus increased their price target on shares of Costco Wholesale from $925.00 to $935.00 and gave the company a “buy” rating in a research note on Thursday, October 10th. Barclays boosted their price objective on shares of Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research note on Friday, September 27th. Finally, Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a research note on Thursday, August 8th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $905.30.

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.