Regency Capital Management Inc. DE Sells 842 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Regency Capital Management Inc. DE cut its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 5.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,704 shares of the retailer's stock after selling 842 shares during the quarter. Costco Wholesale accounts for about 8.3% of Regency Capital Management Inc. DE's investment portfolio, making the stock its 2nd largest holding. Regency Capital Management Inc. DE's holdings in Costco Wholesale were worth $13,907,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Investment Management Corp VA ADV purchased a new position in Costco Wholesale during the fourth quarter valued at approximately $25,000. Aspect Partners LLC raised its position in shares of Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after buying an additional 11 shares in the last quarter. Capital A Wealth Management LLC purchased a new position in shares of Costco Wholesale in the 4th quarter worth approximately $58,000. Mascagni Wealth Management Inc. bought a new position in Costco Wholesale during the fourth quarter valued at $59,000. Finally, Bank & Trust Co lifted its position in shares of Costco Wholesale by 20.4% during the first quarter. Bank & Trust Co now owns 65 shares of the retailer's stock worth $61,000 after purchasing an additional 11 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In other news, EVP Patrick J. Callans sold 3,000 shares of the business's stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the transaction, the executive vice president directly owned 58,543 shares in the company, valued at $58,705,164.11. The trade was a 4.87% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the transaction, the executive vice president owned 5,774 shares in the company, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,547 shares of company stock valued at $9,472,510 in the last 90 days. Corporate insiders own 0.18% of the company's stock.

Costco Wholesale Stock Performance

COST stock traded down $3.39 during midday trading on Monday, hitting $947.56. 1,741,015 shares of the stock traded hands, compared to its average volume of 2,066,154. The stock's fifty day simple moving average is $998.91 and its 200-day simple moving average is $983.64. The firm has a market cap of $420.22 billion, a P/E ratio of 53.75, a PEG ratio of 5.91 and a beta of 0.97. Costco Wholesale Corporation has a 1-year low of $793.00 and a 1-year high of $1,078.24. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.

Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, beating the consensus estimate of $4.24 by $0.04. The firm had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. Costco Wholesale's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.78 EPS. On average, analysts expect that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $1.30 per share. The ex-dividend date is Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.55%. Costco Wholesale's dividend payout ratio (DPR) is presently 29.50%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Morgan Stanley upped their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a report on Friday, May 30th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research note on Thursday, May 29th. Truist Financial increased their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Loop Capital cut their price target on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a report on Thursday, May 29th. Finally, Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research report on Friday, April 4th. Nine investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $1,037.48.

Costco Wholesale Company 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.