Leonard Rickey Investment Advisors P.L.L.C. Lowers Position in Costco Wholesale Co. (NASDAQ:COST)

Leonard Rickey Investment Advisors P.L.L.C. cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,699 shares of the retailer’s stock after selling 33 shares during the quarter. Costco Wholesale comprises approximately 0.7% of Leonard Rickey Investment Advisors P.L.L.C.’s investment portfolio, making the stock its 20th biggest position. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Costco Wholesale were worth $2,441,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. B. Riley Wealth Advisors Inc. boosted its holdings in Costco Wholesale by 1.0% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock valued at $16,302,000 after acquiring an additional 273 shares during the period. Keating Investment Counselors Inc. raised its position in Costco Wholesale by 43.0% in the 3rd quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock valued at $1,493,000 after purchasing an additional 795 shares in the last quarter. Rice Partnership LLC raised its position in shares of Costco Wholesale by 21.0% during the 3rd quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock worth $6,633,000 after acquiring an additional 2,038 shares in the last quarter. Cyndeo Wealth Partners LLC raised its position in shares of Costco Wholesale by 79.6% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 10,358 shares of the retailer’s stock worth $6,837,000 after acquiring an additional 4,592 shares in the last quarter. Finally, Resources Management Corp CT ADV raised its position in shares of Costco Wholesale by 1,396.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 14,960 shares of the retailer’s stock worth $8,054,000 after acquiring an additional 13,960 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on COST. Loop Capital lifted their price target on Costco Wholesale from $710.00 to $755.00 in a research report on Friday, January 19th. Citigroup lifted their target price on Costco Wholesale from $585.00 to $630.00 and gave the company a “neutral” rating in a research note on Friday, December 15th. DA Davidson lifted their target price on Costco Wholesale from $570.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, December 15th. Stifel Nicolaus lifted their target price on Costco Wholesale from $615.00 to $675.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Finally, Oppenheimer lifted their target price on Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Seven equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $672.76.

View Our Latest Report on COST

Insider Activity at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $662.30, for a total transaction of $927,220.00. Following the sale, the insider now owns 13,922 shares in the company, valued at $9,220,540.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $662.30, for a total transaction of $927,220.00. Following the sale, the insider now owns 13,922 shares in the company, valued at $9,220,540.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction on Friday, February 9th. The stock was sold at an average price of $723.48, for a total value of $1,043,258.16. Following the sale, the director now directly owns 12,395 shares of the company’s stock, valued at $8,967,534.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,582 shares of company stock valued at $10,736,778. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 1.5 %

Shares of NASDAQ COST traded down $10.40 on Wednesday, hitting $700.90. The company had a trading volume of 1,207,925 shares, compared to its average volume of 2,136,270. The firm has a market capitalization of $310.85 billion, a P/E ratio of 45.98, a PEG ratio of 4.99 and a beta of 0.77. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month 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 of $727.00 and a two-hundred day moving average of $647.84.

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

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date was Thursday, February 1st. Costco Wholesale’s dividend 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.

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

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