Regency Capital Management Inc. DE Sells 333 Shares of Costco Wholesale Co. (NASDAQ:COST)

Regency Capital Management Inc. DE reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,564 shares of the retailer’s stock after selling 333 shares during the period. Costco Wholesale accounts for approximately 7.6% of Regency Capital Management Inc. DE’s holdings, making the stock its 2nd biggest position. Regency Capital Management Inc. DE’s holdings in Costco Wholesale were worth $13,798,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Frank Rimerman Advisors LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth about $26,000. Redmont Wealth Advisors LLC acquired a new stake in Costco Wholesale in the 1st quarter valued at about $32,000. Financial Connections Group Inc. grew its position in shares of 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 buying an additional 39 shares during the period. Vima LLC acquired a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $34,000. Finally, Bank & Trust Co bought a new position in Costco Wholesale during the 2nd quarter worth approximately $48,000. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

COST has been the topic of several recent analyst reports. Morgan Stanley lifted their price objective on shares of Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research note on Monday, September 9th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research note on Thursday. Bank of America lifted their price target on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Wells Fargo & Company lifted their price objective 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. Finally, TD Cowen lifted their price objective on shares of Costco Wholesale from $925.00 to $975.00 and gave the company a “buy” rating in a report on Monday. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $883.04.

Costco Wholesale Trading Up 0.8 %

Costco Wholesale stock traded up $7.44 during mid-day trading on Friday, hitting $883.11. 1,491,632 shares of the stock were exchanged, compared to its average volume of 1,960,889. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The firm’s fifty day simple moving average is $874.10 and its two-hundred day simple moving average is $820.24. The stock has a market capitalization of $391.51 billion, a price-to-earnings ratio of 54.42, a PEG ratio of 5.38 and a beta of 0.80.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 26th. The retailer reported $5.15 earnings per share for the quarter, beating the consensus estimate of $5.05 by $0.10. The company had revenue of $79.70 billion during the quarter, compared to analyst estimates of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.30%. Costco Wholesale’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $4.86 EPS. Analysts forecast that Costco Wholesale Co. will post 17.74 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s payout ratio is currently 28.75%.

Insider Activity at Costco Wholesale

In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,174 shares of company stock valued at $7,097,624. 0.18% of the stock is owned by company insiders.

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.