Creekmur Asset Management LLC Sells 611 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Creekmur Asset Management LLC lowered its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 29.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,473 shares of the retailer's stock after selling 611 shares during the period. Creekmur Asset Management LLC's holdings in Costco Wholesale were worth $1,393,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. Investment Management Corp VA ADV acquired a new stake in Costco Wholesale in the fourth quarter worth about $25,000. Clear Investment Research LLC lifted its stake in shares of Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer's stock worth $51,000 after acquiring an additional 10 shares during the period. Aspect Partners LLC boosted its holdings in shares of Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after acquiring an additional 11 shares in the last quarter. Capital A Wealth Management LLC acquired a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $58,000. Finally, Mascagni Wealth Management Inc. acquired a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $59,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Activity

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the business's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the transaction, the executive vice president owned 5,774 shares of the company's stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Decker sold 547 shares of the firm's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the sale, the director directly owned 11,531 shares in the company, valued at approximately $11,300,380. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,547 shares of company stock valued at $9,472,510. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on COST. Cfra Research raised Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Morgan Stanley raised their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Truist Financial boosted their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research report on Thursday, May 29th. Finally, Evercore ISI dropped their target price on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a report on Tuesday, June 17th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of "Moderate Buy" and an average target price of $1,037.48.

Costco Wholesale Stock Down 0.3%

Shares of NASDAQ:COST traded down $2.96 on Friday, reaching $950.95. The company had a trading volume of 2,110,863 shares, compared to its average volume of 2,067,122. The stock has a market capitalization of $421.73 billion, a P/E ratio of 53.94, a P/E/G ratio of 5.93 and a beta of 0.97. The stock has a 50-day moving average price of $1,000.06 and a 200 day moving average price of $982.43. Costco Wholesale Corporation has a twelve month low of $793.00 and a twelve month high of $1,078.24. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping 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 analyst estimates of $62.93 billion. During the same period in the previous year, the company earned $3.78 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. On average, equities analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend is Friday, August 1st. Costco Wholesale's dividend payout ratio is currently 29.50%.

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.