McClarren Financial Advisors Inc. Has $1.59 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

McClarren Financial Advisors Inc. cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 29.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,791 shares of the retailer’s stock after selling 758 shares during the period. Costco Wholesale makes up 0.8% of McClarren Financial Advisors Inc.’s holdings, making the stock its 20th biggest holding. McClarren Financial Advisors Inc.’s holdings in Costco Wholesale were worth $1,588,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in COST. Allspring Global Investments Holdings LLC boosted its holdings in Costco Wholesale by 9.8% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 110,781 shares of the retailer’s stock worth $98,209,000 after acquiring an additional 9,933 shares during the last quarter. Vest Financial LLC lifted its position in shares of Costco Wholesale by 157.9% during the third quarter. Vest Financial LLC now owns 2,009 shares of the retailer’s stock valued at $1,781,000 after purchasing an additional 1,230 shares in the last quarter. West Branch Capital LLC boosted its holdings in Costco Wholesale by 16.8% during the third quarter. West Branch Capital LLC now owns 2,984 shares of the retailer’s stock worth $2,646,000 after purchasing an additional 430 shares during the last quarter. Cyndeo Wealth Partners LLC grew its position in Costco Wholesale by 31.7% in the 3rd quarter. Cyndeo Wealth Partners LLC now owns 4,361 shares of the retailer’s stock worth $3,866,000 after purchasing an additional 1,050 shares in the last quarter. Finally, Pure Portfolios Holdings LLC purchased a new stake in Costco Wholesale in the 3rd quarter valued at about $792,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COST. Gordon Haskett upgraded Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a research note on Thursday, August 8th. DA Davidson reaffirmed a “neutral” rating and issued a $880.00 price objective on shares of Costco Wholesale in a research report on Thursday, October 10th. Oppenheimer raised their price target on shares of Costco Wholesale from $955.00 to $980.00 and gave the stock an “outperform” rating in a research note on Thursday, October 10th. Bank of America upped their price objective on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Redburn Atlantic lowered Costco Wholesale from a “buy” rating to a “neutral” rating and increased their price objective for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $890.07.

Costco Wholesale Price Performance

COST opened at $889.56 on Monday. The stock has a market capitalization of $394.37 billion, a P/E ratio of 55.12, a PEG ratio of 5.48 and a beta of 0.80. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The stock has a 50-day moving average price of $889.26 and a 200-day moving average price of $833.95.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, September 26th. The retailer reported $5.15 EPS for the quarter, beating analysts’ consensus estimates of $5.05 by $0.10. The business had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a net margin of 2.90% and a return on equity of 31.05%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $4.86 earnings per share. Equities analysts predict that Costco Wholesale Co. will post 17.74 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.52%. The ex-dividend date is Friday, November 1st. Costco Wholesale’s dividend payout ratio is presently 28.75%.

Insider Buying and Selling at Costco Wholesale

In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale 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 transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the sale, the executive vice president now owns 23,800 shares of the company’s stock, valued at $20,560,344. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 11,224 shares of company stock worth $9,974,973 over the last three months. Company insiders own 0.18% of the company’s stock.

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.