TCTC Holdings LLC Purchases 168 Shares of Costco Wholesale Co. (NASDAQ:COST)

TCTC Holdings LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,088 shares of the retailer’s stock after buying an additional 168 shares during the period. TCTC Holdings LLC’s holdings in Costco Wholesale were worth $4,511,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in COST. Lindbrook Capital LLC boosted its position in shares of Costco Wholesale by 2.3% during the 3rd quarter. Lindbrook Capital LLC now owns 3,629 shares of the retailer’s stock valued at $3,217,000 after acquiring an additional 82 shares during the last quarter. Klingman & Associates LLC raised its stake in Costco Wholesale by 181.7% in the third quarter. Klingman & Associates LLC now owns 3,158 shares of the retailer’s stock valued at $2,800,000 after purchasing an additional 2,037 shares in the last quarter. Assetmark Inc. lifted its position in Costco Wholesale by 13.7% during the third quarter. Assetmark Inc. now owns 39,631 shares of the retailer’s stock valued at $35,134,000 after purchasing an additional 4,785 shares during the last quarter. Verdence Capital Advisors LLC grew its stake in Costco Wholesale by 1.1% in the 3rd quarter. Verdence Capital Advisors LLC now owns 14,512 shares of the retailer’s stock worth $12,865,000 after buying an additional 163 shares in the last quarter. Finally, Rovin Capital UT ADV bought a new position in shares of Costco Wholesale in the 3rd quarter worth $269,000. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 1,416 shares of the business’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 completion of the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Richard A. Galanti sold 1,416 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at $24,514,232. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the transaction, the executive vice president now owns 10,210 shares in the company, valued at approximately $9,155,409.10. This trade represents a 0.00 % decrease in their position. 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 Price Performance

COST opened at $943.80 on Friday. The firm has a market cap of $418.17 billion, a PE ratio of 56.96, a P/E/G ratio of 5.53 and a beta of 0.80. The stock has a 50-day moving average price of $893.49 and a 200-day moving average price of $850.73. Costco Wholesale Co. has a 1 year low of $562.01 and a 1 year high of $962.00. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale (NASDAQ:COST) last issued its earnings results 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. The firm had revenue of $79.70 billion for 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%. The business’s revenue was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.86 earnings per share. Sell-side 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. Shareholders of record on Friday, November 1st will be paid a dividend of $1.16 per share. The ex-dividend date is Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s dividend payout ratio is 28.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on COST shares. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, September 27th. Wells Fargo & Company increased their target price on shares of Costco Wholesale from $800.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday, September 27th. DA Davidson restated a “neutral” rating and set a $880.00 price target on shares of Costco Wholesale in a research report on Thursday, October 10th. Tigress Financial reaffirmed a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Finally, Barclays boosted their target price on Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a research note on Friday, September 27th. Ten analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $905.30.

Costco Wholesale Company 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.