Costco Wholesale Co. (NASDAQ:COST) Shares Sold by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH trimmed its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 1.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,854 shares of the retailer’s stock after selling 669 shares during the quarter. Costco Wholesale accounts for about 4.8% of North Point Portfolio Managers Corp OH’s portfolio, making the stock its biggest holding. North Point Portfolio Managers Corp OH’s holdings in Costco Wholesale were worth $26,307,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Richelieu Gestion SA purchased a new stake in Costco Wholesale during the fourth quarter valued at about $25,000. Sanctuary Wealth Management L.L.C. purchased a new stake in Costco Wholesale during the fourth quarter valued at about $26,000. Steph & Co. lifted its stake in Costco Wholesale by 42.3% during the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after buying an additional 22 shares in the last quarter. Valued Wealth Advisors LLC purchased a new stake in Costco Wholesale during the fourth quarter valued at about $49,000. Finally, Iron Horse Wealth Management LLC lifted its stake in Costco Wholesale by 888.9% during the third quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock valued at $50,000 after buying an additional 80 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COST. Loop Capital increased their price target on shares of Costco Wholesale from $710.00 to $755.00 in a research report on Friday, January 19th. UBS Group increased their price target on shares of Costco Wholesale from $640.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Tigress Financial increased their price target on shares of Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Raymond James increased their price target on shares of Costco Wholesale from $580.00 to $670.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th. Finally, Telsey Advisory Group increased their price target on shares of Costco Wholesale from $750.00 to $785.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $672.76.

View Our Latest Stock Report on Costco Wholesale

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Costco Wholesale news, EVP Caton Frates sold 740 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $683.50, for a total value of $505,790.00. Following the transaction, the executive vice president now directly owns 6,721 shares of the company’s stock, valued at approximately $4,593,803.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan L. Decker sold 1,442 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the transaction, the director now directly owns 12,395 shares in the company, valued at $8,967,534.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,582 shares of company stock worth $10,736,778. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Performance

COST traded down $8.34 during trading on Wednesday, reaching $702.96. 839,544 shares of the company’s stock were exchanged, compared to its average volume of 2,130,479. Costco Wholesale Co. has a fifty-two week low of $476.75 and a fifty-two week high of $787.08. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The business has a 50 day moving average price of $727.00 and a 200 day moving average price of $647.84. The company has a market capitalization of $311.76 billion, a P/E ratio of 45.98, a PEG ratio of 4.99 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. During the same period last year, the business earned $3.30 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. As a group, analysts predict that Costco Wholesale Co. will post 15.81 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.08 annualized dividend and a dividend yield of 0.58%. Costco Wholesale’s payout ratio is currently 26.68%.

Costco Wholesale Profile

(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.

Further Reading

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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