Costco Wholesale Corporation $COST Shares Sold by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC reduced its shares in Costco Wholesale Corporation by 9.2%, resulting in ownership of 18,088 shares valued at approximately $17.1 million.
• Insider transactions included Susan L. Decker selling 547 shares and Pierre Riel selling 2,000 shares, marking significant decreases in their respective positions.
• Costco's quarterly earnings showed a strong performance with an EPS of $4.28, surpassing estimates, and the company announced a quarterly dividend of $1.30.

Evergreen Capital Management LLC lowered its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 9.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,088 shares of the retailer's stock after selling 1,822 shares during the period. Evergreen Capital Management LLC's holdings in Costco Wholesale were worth $17,107,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Personal CFO Solutions LLC boosted its position in Costco Wholesale by 12.4% in the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock valued at $1,436,000 after buying an additional 167 shares during the last quarter. F&V Capital Management LLC purchased a new stake in Costco Wholesale in the 1st quarter worth approximately $236,000. Graybill Wealth Management LTD. acquired a new stake in shares of Costco Wholesale during the 1st quarter worth approximately $3,095,000. Rossmore Private Capital increased its holdings in shares of Costco Wholesale by 0.9% during the 1st quarter. Rossmore Private Capital now owns 6,687 shares of the retailer's stock valued at $6,325,000 after purchasing an additional 62 shares in the last quarter. Finally, Curat Global LLC acquired a new position in shares of Costco Wholesale in the 1st quarter valued at $241,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

In related news, Director Susan L. Decker sold 547 shares of the stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the transaction, the director directly owned 11,531 shares of the company's stock, valued at approximately $11,300,380. This represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the completion of the transaction, the executive vice president directly owned 8,210 shares of the company's stock, valued at approximately $8,326,171.50. This represents a 19.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 10,147 shares of company stock worth $10,067,740 in the last quarter. 0.18% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on COST shares. Loop Capital decreased their target price on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Truist Financial boosted their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. boosted their target price on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Evercore ISI decreased their target price on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research note on Tuesday, June 17th. Finally, Telsey Advisory Group reiterated an "outperform" rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday. Seventeen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $1,050.00.

Costco Wholesale Stock Down 0.5%

NASDAQ COST opened at $944.96 on Friday. The business has a fifty day moving average price of $967.16 and a 200 day moving average price of $982.55. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The company has a market cap of $419.07 billion, a P/E ratio of 53.60, a P/E/G ratio of 5.90 and a beta of 0.96.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating the consensus estimate of $4.24 by $0.04. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%.The firm had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. During the same period in the prior year, the company earned $3.78 EPS. The firm's revenue was up 8.0% compared to the same quarter last year. Research analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale's dividend payout ratio is currently 29.50%.

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.

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