Temasek Holdings Private Ltd decreased its stake in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 81.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,202 shares of the retailer's stock after selling 37,086 shares during the period. Temasek Holdings Private Ltd's holdings in Costco Wholesale were worth $7,515,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Regent Peak Wealth Advisors LLC grew its stake in shares of Costco Wholesale by 7.0% in the fourth quarter. Regent Peak Wealth Advisors LLC now owns 1,822 shares of the retailer's stock valued at $1,670,000 after buying an additional 119 shares in the last quarter. Grassi Investment Management lifted its stake in Costco Wholesale by 6.5% in the fourth quarter. Grassi Investment Management now owns 5,155 shares of the retailer's stock valued at $4,723,000 after acquiring an additional 315 shares during the last quarter. Carnegie Investment Counsel lifted its stake in Costco Wholesale by 0.7% in the fourth quarter. Carnegie Investment Counsel now owns 35,756 shares of the retailer's stock valued at $32,762,000 after acquiring an additional 235 shares during the last quarter. Ritholtz Wealth Management grew its position in shares of Costco Wholesale by 4.9% in the 4th quarter. Ritholtz Wealth Management now owns 19,794 shares of the retailer's stock valued at $18,137,000 after acquiring an additional 918 shares during the period. Finally, Cypress Wealth Services LLC increased its stake in shares of Costco Wholesale by 1.9% during the 4th quarter. Cypress Wealth Services LLC now owns 3,893 shares of the retailer's stock worth $3,567,000 after purchasing an additional 73 shares during the last quarter. Institutional investors own 68.48% of the company's stock.
Insider Buying and Selling
In other news, EVP James C. Klauer sold 4,000 shares of the company's stock in a transaction that occurred on Thursday, April 17th. The shares were sold at an average price of $981.07, for a total transaction of $3,924,280.00. Following the completion of the sale, the executive vice president now owns 43,994 shares of the company's stock, valued at approximately $43,161,193.58. This represents a 8.33% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the sale, the chief executive officer now owns 41,077 shares in the company, valued at $38,242,687. This represents a 8.06% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 9,600 shares of company stock worth $9,140,195. Company insiders own 0.18% of the company's stock.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Truist Financial raised their target price 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. Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a research note on Friday, April 4th. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, May 5th. Cowen reiterated a "buy" rating on shares of Costco Wholesale in a research note on Friday, March 7th. Finally, Evercore ISI increased their price target on Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an "outperform" rating in a research note on Tuesday, March 11th. Ten research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $1,024.03.
Get Our Latest Stock Analysis on COST
Costco Wholesale Stock Up 1.5%
Shares of COST opened at $1,025.83 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. Costco Wholesale Co. has a 12 month low of $788.20 and a 12 month high of $1,078.24. The firm's 50 day moving average is $961.47 and its 200-day moving average is $967.73. The stock has a market capitalization of $455.14 billion, a PE ratio of 60.24, a P/E/G ratio of 6.15 and a beta of 1.00.
Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). The company had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Equities research analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current year.
Costco Wholesale Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Investors of record on Friday, May 2nd were given a $1.30 dividend. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.51%. This is a boost from Costco Wholesale's previous quarterly dividend of $1.16. Costco Wholesale's dividend payout ratio (DPR) is presently 30.36%.
Costco Wholesale Profile
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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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