Wellington Wealth Strategies LLC. cut its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 32.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,830 shares of the retailer's stock after selling 870 shares during the quarter. Costco Wholesale comprises about 1.6% of Wellington Wealth Strategies LLC.'s portfolio, making the stock its 17th biggest holding. Wellington Wealth Strategies LLC.'s holdings in Costco Wholesale were worth $1,677,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Stanich Group LLC bought a new stake in Costco Wholesale in the 4th quarter valued at about $214,000. Geode Capital Management LLC raised its position in shares of Costco Wholesale by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer's stock valued at $8,901,249,000 after buying an additional 252,118 shares in the last quarter. Brentview Investment Management LLC bought a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $4,522,000. Manuka Financial LLC acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $258,000. Finally, Flavin Financial Services Inc. bought a new position in Costco Wholesale during the 4th quarter worth $1,494,000. 68.48% of the stock is owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares of the company's stock, valued at approximately $6,445,926.72. The trade was a 11.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the transaction, the chief executive officer now directly owns 41,077 shares in the company, valued at approximately $38,242,687. The trade was a 8.06% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,600 shares of company stock worth $9,140,195. Insiders own 0.18% of the company's stock.
Costco Wholesale Stock Performance
Shares of COST opened at $1,034.34 on Tuesday. Costco Wholesale Co. has a one year low of $788.20 and a one year high of $1,078.24. The company has a market cap of $458.92 billion, a PE ratio of 60.74, a P/E/G ratio of 6.15 and a beta of 1.00. The stock has a 50-day moving average of $963.62 and a 200-day moving average of $969.49. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43.
Costco Wholesale (NASDAQ:COST - Get Free Report) last announced 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). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. On average, equities research analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.
Costco Wholesale Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a dividend of $1.30 per share. This is an increase from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend was Friday, May 2nd. This represents a $5.20 annualized dividend and a yield of 0.50%. Costco Wholesale's dividend payout ratio is presently 30.36%.
Analysts Set New Price Targets
A number of research firms have recently weighed in on COST. Stifel Nicolaus cut their target price on Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating for the company in a research report on Thursday, March 20th. DA Davidson upped their price objective on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a "neutral" rating in a research report on Thursday, February 6th. 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 report on Friday, March 7th. JPMorgan Chase & Co. boosted their target price on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an "overweight" rating in a research report on Friday, March 7th. Finally, Loop Capital reduced their price target on shares of Costco Wholesale from $1,150.00 to $1,045.00 and set a "buy" rating on the stock in a research report on Wednesday, April 9th. Ten analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $1,024.03.
Read Our Latest Analysis on COST
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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