Accredited Investors Inc. Sells 335 Shares of Costco Wholesale Co. (NASDAQ:COST)

Accredited Investors Inc. decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,650 shares of the retailer’s stock after selling 335 shares during the period. Accredited Investors Inc.’s holdings in Costco Wholesale were worth $2,350,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of Costco Wholesale by 113,947.9% in the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the last quarter. Capital World Investors lifted its holdings in Costco Wholesale by 8.1% during the 1st quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after purchasing an additional 285,533 shares during the last quarter. Legal & General Group Plc boosted its stake in Costco Wholesale by 2.5% in the 2nd quarter. Legal & General Group Plc now owns 3,650,562 shares of the retailer’s stock valued at $3,102,941,000 after purchasing an additional 88,550 shares during the period. Dimensional Fund Advisors LP grew its holdings in Costco Wholesale by 28.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock valued at $1,307,363,000 after buying an additional 338,780 shares in the last quarter. Finally, Wulff Hansen & CO. lifted its holdings in shares of Costco Wholesale by 99,208.6% during the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock worth $1,253,508,000 after buying an additional 1,473,248 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Claudine Adamo sold 3,200 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $888.99, for a total value of $2,844,768.00. Following the completion of the sale, the executive vice president now owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This represents a 27.05 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the transaction, the executive vice president now owns 10,202 shares of the company’s stock, valued at $9,091,512.30. This trade represents a 30.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 11,016 shares of company stock worth $9,826,115. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Down 1.8 %

Shares of NASDAQ:COST opened at $907.07 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. Costco Wholesale Co. has a 52-week low of $572.24 and a 52-week high of $962.00. The company has a market capitalization of $401.90 billion, a PE ratio of 54.74, a price-to-earnings-growth ratio of 5.60 and a beta of 0.80. The company has a fifty day moving average of $897.62 and a 200-day moving average of $858.66.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating the consensus estimate of $5.05 by $0.10. The firm had revenue of $79.70 billion during the quarter, compared to the consensus estimate of $79.91 billion. Costco Wholesale had a return on equity of 31.05% and a net margin of 2.90%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company earned $4.86 earnings per share. On average, equities analysts predict that Costco Wholesale Co. will post 17.75 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s payout ratio is 28.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research note on Monday, November 4th. Oppenheimer increased their target price on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research report on Thursday, October 10th. Truist Financial downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 price target for the company. in a research report on Tuesday, September 24th. Sanford C. Bernstein started coverage on Costco Wholesale in a research report on Tuesday, October 22nd. They set an “outperform” rating and a $1,016.00 price target on the stock. Finally, DA Davidson restated a “neutral” rating and set a $880.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 10th. Ten investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $905.30.

Costco Wholesale 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.