Integral Investment Advisors Inc. Lowers Stock Holdings in Costco Wholesale Corporation $COST

Integral Investment Advisors Inc. lowered its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,711 shares of the retailer’s stock after selling 17 shares during the period. Costco Wholesale accounts for about 0.8% of Integral Investment Advisors Inc.’s holdings, making the stock its 27th biggest position. Integral Investment Advisors Inc.’s holdings in Costco Wholesale were worth $2,683,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of COST. Brighton Jones LLC raised its position in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after buying an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC grew its position in Costco Wholesale by 13.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after buying an additional 130 shares in the last quarter. Golden State Wealth Management LLC increased its stake in Costco Wholesale by 0.8% in the 1st quarter. Golden State Wealth Management LLC now owns 4,099 shares of the retailer’s stock worth $3,877,000 after acquiring an additional 31 shares during the last quarter. WealthBridge Capital Management LLC increased its stake in Costco Wholesale by 4.1% in the 1st quarter. WealthBridge Capital Management LLC now owns 817 shares of the retailer’s stock worth $773,000 after acquiring an additional 32 shares during the last quarter. Finally, CFM Wealth Partners LLC raised its holdings in shares of Costco Wholesale by 5.8% in the 1st quarter. CFM Wealth Partners LLC now owns 11,888 shares of the retailer’s stock valued at $11,243,000 after acquiring an additional 647 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 0.2%

COST stock opened at $929.85 on Tuesday. The company has a market capitalization of $412.09 billion, a PE ratio of 51.06, a price-to-earnings-growth ratio of 5.66 and a beta of 0.98. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.55 and a current ratio of 1.03. Costco Wholesale Corporation has a one year low of $867.34 and a one year high of $1,078.23. The company’s 50 day moving average price is $944.24 and its two-hundred day moving average price is $971.91.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating the consensus estimate of $5.81 by $0.06. The company had revenue of $86.16 billion for the quarter, compared to analyst estimates of $86.01 billion. Costco Wholesale had a net margin of 2.94% and a return on equity of 30.09%. The firm’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $5.15 EPS. As a group, analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Stockholders of record on Friday, October 31st will be issued a $1.30 dividend. The ex-dividend date is Friday, October 31st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is currently 28.56%.

Insider Buying and Selling

In other news, insider Tiffany Marie Barbre sold 1,239 shares of the business’s stock in a transaction dated Friday, October 24th. The stock was sold at an average price of $934.62, for a total value of $1,157,994.18. Following the completion of the sale, the insider owned 5,155 shares of the company’s stock, valued at approximately $4,817,966.10. The trade was a 19.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Claudine Adamo sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, October 24th. The stock was sold at an average price of $935.68, for a total value of $2,526,336.00. Following the transaction, the executive vice president owned 6,851 shares in the company, valued at approximately $6,410,343.68. The trade was a 28.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 7,920 shares of company stock worth $7,373,175 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Oppenheimer reissued an “outperform” rating and set a $1,130.00 price objective on shares of Costco Wholesale in a report on Friday, September 26th. Roth Capital set a $907.00 target price on shares of Costco Wholesale and gave the company a “neutral” rating in a research report on Friday, September 26th. Jefferies Financial Group reissued a “buy” rating on shares of Costco Wholesale in a research note on Thursday, October 9th. Morgan Stanley lowered their price objective on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a research report on Friday, September 26th. Finally, Evercore ISI cut their target price on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating for the company in a research report on Friday, September 26th. Nineteen equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,068.15.

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.