Pittenger & Anderson Inc. cut its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 0.8% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 54,314 shares of the retailer's stock after selling 454 shares during the period. Costco Wholesale makes up approximately 1.9% of Pittenger & Anderson Inc.'s holdings, making the stock its 7th largest holding. Pittenger & Anderson Inc.'s holdings in Costco Wholesale were worth $51,369,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock valued at $18,165,000 after purchasing an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC raised its position in shares of Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock valued at $1,029,000 after purchasing an additional 130 shares in the last quarter. Bank Pictet & Cie Europe AG raised its position in shares of Costco Wholesale by 45.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer's stock valued at $107,436,000 after purchasing an additional 36,384 shares in the last quarter. Highview Capital Management LLC DE raised its position in shares of Costco Wholesale by 0.8% in the 4th quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer's stock valued at $4,410,000 after purchasing an additional 40 shares in the last quarter. Finally, Hudson Value Partners LLC raised its position in shares of Costco Wholesale by 5.7% in the 4th quarter. Hudson Value Partners LLC now owns 8,501 shares of the retailer's stock valued at $7,789,000 after purchasing an additional 455 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of equities research analysts have recently weighed in on COST shares. Loop Capital lowered their price target on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a report on Thursday, May 29th. Truist Financial boosted their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a report on Friday, May 30th. Mizuho started coverage on Costco Wholesale in a report on Friday, April 11th. They issued a "neutral" rating and a $975.00 price target for the company. Wall Street Zen upgraded Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a report on Thursday, May 29th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $1,037.48.
Get Our Latest Report on COST
Costco Wholesale Trading Up 0.0%
NASDAQ:COST opened at $970.33 on Friday. 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 stock has a market cap of $430.32 billion, a price-to-earnings ratio of 55.04, a PEG ratio of 6.04 and a beta of 0.97. The business has a fifty day moving average of $1,003.77 and a 200-day moving average of $982.06. Costco Wholesale Corporation has a 1 year low of $793.00 and a 1 year high of $1,078.24.
Costco Wholesale (NASDAQ:COST - Get Free Report) last announced its quarterly earnings data 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 business 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%. The company's revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $3.78 earnings per share. Equities analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.
Costco Wholesale Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.54%. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. Costco Wholesale's dividend payout ratio is currently 29.50%.
Insider Buying and Selling
In other news, EVP Patrick J. Callans sold 3,000 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president directly owned 58,543 shares of the company's stock, valued at $58,705,164.11. This represents a 4.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan L. Decker sold 547 shares of the company's stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total value of $536,060.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 9,547 shares of company stock valued at $9,496,950. 0.18% of the stock is currently owned by company insiders.
About Costco Wholesale
(
Free Report)
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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