ROI Financial Advisors LLC Has $9.04 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

ROI Financial Advisors LLC cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,200 shares of the retailer’s stock after selling 85 shares during the quarter. Costco Wholesale accounts for about 6.2% of ROI Financial Advisors LLC’s portfolio, making the stock its 4th largest position. ROI Financial Advisors LLC’s holdings in Costco Wholesale were worth $9,043,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in COST. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew 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 purchasing an additional 932 shares during the last quarter. Hudson Value Partners LLC grew its holdings in Costco Wholesale by 7.6% during the 3rd quarter. Hudson Value Partners LLC now owns 8,046 shares of the retailer’s stock worth $7,133,000 after acquiring an additional 568 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. increased its position in Costco Wholesale by 66.9% in the 3rd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 3,088 shares of the retailer’s stock valued at $2,738,000 after acquiring an additional 1,238 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of Costco Wholesale by 52.1% during the second quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after acquiring an additional 2,620 shares during the last quarter. Finally, Patton Fund Management Inc. bought a new stake in shares of Costco Wholesale in the third quarter worth $6,424,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Up 0.1 %

COST opened at $933.73 on Thursday. Costco Wholesale Co. has a fifty-two week low of $572.24 and a fifty-two week high of $962.00. The firm has a market capitalization of $413.71 billion, a PE ratio of 56.35, a P/E/G ratio of 5.75 and a beta of 0.80. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44. The company’s 50-day moving average is $895.38 and its 200 day moving average is $855.44.

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

Costco Wholesale Dividend Announcement

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 0.50%. Costco Wholesale’s payout ratio is 28.00%.

Analyst Ratings Changes

Several research analysts have commented on COST shares. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a report on Thursday, August 8th. TD Cowen lifted their price objective on Costco Wholesale from $925.00 to $975.00 and gave the stock a “buy” rating in a research note on Monday, September 30th. Loop Capital increased their target price on shares of Costco Wholesale from $975.00 to $1,005.00 and gave the company a “buy” rating in a research report on Friday, September 27th. Tigress Financial restated a “buy” rating and issued a $1,065.00 price target on shares of Costco Wholesale in a research report on Thursday, October 17th. Finally, Roth Mkm increased their price objective on shares of Costco Wholesale from $676.00 to $755.00 and gave the stock a “neutral” rating in a research report on Friday, September 27th. Ten research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $905.30.

Insider Activity

In other Costco Wholesale news, EVP Claudine Adamo sold 3,200 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were 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 directly owns 8,630 shares of the company’s stock, valued at approximately $7,671,983.70. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Claudine Adamo sold 3,200 shares of Costco Wholesale stock in a transaction on Monday, September 30th. The stock was sold at an average price of $888.99, for a total transaction of $2,844,768.00. Following the sale, the executive vice president now directly owns 8,630 shares in the company, valued at approximately $7,671,983.70. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Russell D. Miller sold 4,400 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of $891.15, for a total value of $3,921,060.00. Following the completion of 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 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,016 shares of company stock worth $9,826,115 over the last quarter. Insiders own 0.18% of the company’s stock.

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.