Venturi Wealth Management LLC Has $2.39 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Venturi Wealth Management LLC reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 3.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 3,625 shares of the retailer’s stock after selling 122 shares during the quarter. Venturi Wealth Management LLC’s holdings in Costco Wholesale were worth $2,393,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of COST. Richelieu Gestion SA acquired a new position in Costco Wholesale during the fourth quarter worth $25,000. Sanctuary Wealth Management L.L.C. acquired a new position in Costco Wholesale during the fourth quarter worth $26,000. Steph & Co. raised its stake in Costco Wholesale by 42.3% during the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after acquiring an additional 22 shares in the last quarter. Valued Wealth Advisors LLC acquired a new position in Costco Wholesale during the fourth quarter worth $49,000. Finally, Iron Horse Wealth Management LLC raised 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 worth $50,000 after acquiring an additional 80 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In other news, VP Yoram Rubanenko sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 18th. The stock was sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the sale, the vice president now owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the sale, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Yoram Rubanenko sold 2,500 shares of Costco Wholesale stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the sale, the vice president now directly owns 5,910 shares in the company, valued at approximately $4,020,750.30. The disclosure for this sale can be found here. Insiders have sold a total of 15,582 shares of company stock valued at $10,736,778 over the last 90 days. 0.18% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have issued reports on COST shares. Loop Capital increased their price objective on Costco Wholesale from $710.00 to $755.00 in a research note on Friday, January 19th. UBS Group raised their target price on Costco Wholesale from $640.00 to $725.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Oppenheimer raised 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. Wells Fargo & Company raised their target price on Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Finally, Stifel Nicolaus raised 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. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $672.76.

Check Out Our Latest Research Report on Costco Wholesale

Costco Wholesale Trading Down 1.2 %

COST traded down $8.71 during midday trading on Wednesday, reaching $702.59. 459,945 shares of the company were exchanged, compared to its average volume of 2,125,103. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $787.08. The stock has a market capitalization of $311.60 billion, a P/E ratio of 46.52, a PEG ratio of 4.99 and a beta of 0.77. The stock’s 50-day simple moving average is $727.00 and its 200 day simple moving average is $647.84.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. The firm had revenue of $58.44 billion for the quarter, compared to analysts’ expectations of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company’s revenue was up 5.7% compared to the same quarter last year. During the same quarter last year, the business earned $3.30 earnings per share. As a group, 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. Stockholders of record on Friday, February 2nd were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Thursday, February 1st. Costco Wholesale’s dividend payout ratio is currently 26.68%.

Costco Wholesale Company 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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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

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

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