Costco Wholesale Co. (NASDAQ:COST) Shares Sold by OMERS ADMINISTRATION Corp

OMERS ADMINISTRATION Corp decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,242 shares of the retailer's stock after selling 1,652 shares during the period. OMERS ADMINISTRATION Corp's holdings in Costco Wholesale were worth $24,045,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC boosted its position in shares of Costco Wholesale by 7.0% during the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,822 shares of the retailer's stock worth $1,670,000 after buying an additional 119 shares during the period. RMR Wealth Builders increased its holdings in shares of Costco Wholesale by 1.7% during the fourth quarter. RMR Wealth Builders now owns 4,786 shares of the retailer's stock valued at $4,386,000 after acquiring an additional 78 shares in the last quarter. Czech National Bank grew its position in Costco Wholesale by 6.4% in the 4th quarter. Czech National Bank now owns 96,068 shares of the retailer's stock worth $88,024,000 after purchasing an additional 5,756 shares in the last quarter. Aprio Wealth Management LLC grew its stake in shares of Costco Wholesale by 4.5% during the 4th quarter. Aprio Wealth Management LLC now owns 1,593 shares of the retailer's stock worth $1,459,000 after acquiring an additional 68 shares during the period. Finally, Matrix Trust Co grew its holdings in shares of Costco Wholesale by 1.1% during the fourth quarter. Matrix Trust Co now owns 2,491 shares of the retailer's stock worth $2,282,000 after purchasing an additional 28 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Costco Wholesale Trading Up 0.8%

Shares of NASDAQ COST opened at $1,016.15 on Tuesday. The company has a market cap of $450.85 billion, a price-to-earnings ratio of 59.67, a PEG ratio of 6.15 and a beta of 1.00. Costco Wholesale Co. has a fifty-two week low of $771.43 and a fifty-two week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The business's 50 day moving average price is $958.05 and its 200-day moving average price is $964.92.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, sell-side analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a $1.30 dividend. The ex-dividend date is Friday, May 2nd. This represents a $5.20 annualized dividend and a yield of 0.51%. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's dividend payout ratio is presently 30.36%.

Insider Activity

In related news, EVP Claudine Adamo sold 900 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the transaction, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. This represents a 11.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP James C. Klauer sold 4,000 shares of the company's stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the sale, the executive vice president now owns 43,994 shares in the company, valued at $43,161,193.58. The trade was a 8.33% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,600 shares of company stock worth $9,140,195. Insiders own 0.18% of the company's stock.

Analyst Ratings Changes

COST has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upped their price target on Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a report on Friday, March 7th. Sanford C. Bernstein reissued an "outperform" rating on shares of Costco Wholesale in a research note on Friday, March 7th. DA Davidson upped their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the company a "neutral" rating in a research report on Thursday, February 6th. Evercore ISI upped their price objective on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an "outperform" rating in a research report on Tuesday, March 11th. Finally, Truist Financial increased their price target on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a research note on Friday, March 7th. Ten investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of "Moderate Buy" and a consensus target price of $1,024.03.

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.

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