Napa Wealth Management reduced its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 69.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,208 shares of the retailer's stock after selling 2,736 shares during the quarter. Napa Wealth Management's holdings in Costco Wholesale were worth $1,107,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Cromwell Holdings LLC boosted its position in Costco Wholesale by 0.9% during the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer's stock valued at $1,048,000 after purchasing an additional 10 shares during the last quarter. 44 Wealth Management LLC increased its position in Costco Wholesale by 0.3% in the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer's stock worth $3,196,000 after purchasing an additional 10 shares during the last quarter. SRN Advisors LLC raised its stake in shares of Costco Wholesale by 0.3% during the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer's stock worth $2,823,000 after purchasing an additional 10 shares in the last quarter. Miramar Capital LLC lifted its holdings in shares of Costco Wholesale by 1.9% during the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer's stock valued at $481,000 after buying an additional 10 shares during the last quarter. Finally, Clear Investment Research LLC grew 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 valued at $51,000 after buying an additional 10 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.
Costco Wholesale Price Performance
Shares of Costco Wholesale stock traded up $18.93 during trading on Thursday, reaching $1,010.47. 2,462,281 shares of the stock traded hands, compared to its average volume of 2,040,679. Costco Wholesale Co. has a 52-week low of $778.52 and a 52-week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The business has a fifty day simple moving average of $958.04 and a two-hundred day simple moving average of $965.34. The company has a market capitalization of $448.33 billion, a price-to-earnings ratio of 59.33, a P/E/G ratio of 6.15 and a beta of 1.00.
Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). The company had revenue of $63.72 billion during the quarter, compared to analysts' expectations of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Sell-side analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current year.
Costco Wholesale Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 16th. Investors of record on Friday, May 2nd will be issued a dividend of $1.30 per share. This is a positive change from Costco Wholesale's previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Friday, May 2nd. This represents a $5.20 dividend on an annualized basis and a yield of 0.51%. Costco Wholesale's dividend payout ratio (DPR) is presently 30.36%.
Insider Buying and Selling at Costco Wholesale
In other Costco Wholesale news, EVP James C. Klauer sold 4,000 shares of the company's stock in a transaction on Thursday, April 17th. The stock was sold at an average price of $981.07, for a total value of $3,924,280.00. Following the completion of the sale, the executive vice president now directly owns 43,994 shares in the company, valued at approximately $43,161,193.58. This represents a 8.33% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. The trade was a 8.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,600 shares of company stock valued at $9,140,195 in the last three months. Company insiders own 0.18% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on COST shares. Cfra Research upgraded Costco Wholesale from a "hold" rating to a "moderate buy" rating in a report on Friday, April 4th. Cowen restated a "buy" rating on shares of Costco Wholesale in a research note on Friday, March 7th. Truist Financial upped their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a "hold" rating in a report on Friday, March 7th. DA Davidson lifted their target price on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the stock a "neutral" rating in a report on Thursday, February 6th. Finally, Mizuho assumed coverage on shares of Costco Wholesale in a report on Friday, April 11th. They set a "neutral" rating and a $975.00 price target for the company. Ten research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $1,024.03.
Get Our Latest Stock Report on COST
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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