Taylor Frigon Capital Management LLC Sells 71 Shares of Costco Wholesale Co. (NASDAQ:COST)

Taylor Frigon Capital Management LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 2,329 shares of the retailer’s stock after selling 71 shares during the quarter. Taylor Frigon Capital Management LLC’s holdings in Costco Wholesale were worth $2,065,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of Costco Wholesale by 62.8% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 2,417 shares of the retailer’s stock worth $2,143,000 after buying an additional 932 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in shares of Costco Wholesale by 52.1% during the 2nd quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock worth $6,499,000 after purchasing an additional 2,620 shares in the last quarter. Patton Fund Management Inc. acquired a new stake in shares of Costco Wholesale in the third quarter valued at approximately $6,424,000. WestHill Financial Advisors Inc. grew its position in Costco Wholesale by 328.4% during the third quarter. WestHill Financial Advisors Inc. now owns 1,435 shares of the retailer’s stock worth $1,272,000 after buying an additional 1,100 shares in the last quarter. Finally, Main Street Financial Solutions LLC raised its holdings in Costco Wholesale by 22.8% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock valued at $3,003,000 after acquiring an additional 656 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the transaction, the executive vice president now owns 23,800 shares in the company, valued at approximately $20,560,344. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the transaction, the executive vice president now directly owns 23,800 shares in the company, valued at $20,560,344. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Pierre Riel sold 2,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the executive vice president now owns 10,210 shares in the company, valued at $9,155,409.10. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,636 shares of company stock valued at $11,238,510 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.6 %

Shares of COST stock opened at $893.42 on Friday. Costco Wholesale Co. has a fifty-two week low of $540.23 and a fifty-two week high of $923.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.44 and a current ratio of 0.97. The stock has a 50 day simple moving average of $891.03 and a two-hundred day simple moving average of $836.93. The company has a market cap of $395.85 billion, a P/E ratio of 53.92, a PEG ratio of 5.50 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 31.05%. 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. Research analysts forecast that Costco Wholesale Co. will post 17.75 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently announced 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 0.52%. Costco Wholesale’s dividend payout ratio is presently 28.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on COST shares. BMO Capital Markets reaffirmed an “outperform” rating and issued a $980.00 price target (up previously from $950.00) on shares of Costco Wholesale in a research note on Friday, September 27th. Tigress Financial reissued a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. DA Davidson reaffirmed a “neutral” rating and issued a $880.00 target price on shares of Costco Wholesale in a report on Thursday, October 10th. Barclays upped their price objective on Costco Wholesale from $830.00 to $850.00 and gave the stock an “equal weight” rating in a research report on Friday, September 27th. Finally, Melius Research initiated coverage on shares of Costco Wholesale in a report on Monday, September 23rd. They issued a “hold” rating and a $950.00 target price for the company. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $894.57.

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.