Endurance Wealth Management Inc. Sells 48 Shares of Costco Wholesale Co. (NASDAQ:COST)

Endurance Wealth Management Inc. lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,605 shares of the retailer’s stock after selling 48 shares during the quarter. Endurance Wealth Management Inc.’s holdings in Costco Wholesale were worth $566,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hotaling Investment Management LLC grew its stake in shares of Costco Wholesale by 0.6% during the 4th quarter. Hotaling Investment Management LLC now owns 4,992 shares of the retailer’s stock valued at $1,881,000 after acquiring an additional 28 shares during the period. Cornerstone Wealth Management LLC raised its holdings in Costco Wholesale by 1.4% during the 1st quarter. Cornerstone Wealth Management LLC now owns 2,063 shares of the retailer’s stock valued at $727,000 after buying an additional 28 shares during the period. First Command Bank grew its position in Costco Wholesale by 2.9% in the 4th quarter. First Command Bank now owns 1,037 shares of the retailer’s stock valued at $391,000 after acquiring an additional 29 shares during the last quarter. Madrona Financial Services LLC grew its position in Costco Wholesale by 0.5% in the 1st quarter. Madrona Financial Services LLC now owns 6,039 shares of the retailer’s stock valued at $2,129,000 after acquiring an additional 29 shares during the last quarter. Finally, Affinity Capital Advisors LLC grew its position in Costco Wholesale by 2.8% in the 4th quarter. Affinity Capital Advisors LLC now owns 1,097 shares of the retailer’s stock valued at $413,000 after acquiring an additional 30 shares during the last quarter. 67.21% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Richard A. Galanti sold 2,230 shares of the stock in a transaction on Thursday, April 29th. The shares were sold at an average price of $372.06, for a total transaction of $829,693.80. Following the completion of the sale, the chief financial officer now owns 22,871 shares of the company’s stock, valued at $8,509,384.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Roland Michael Vachris sold 4,300 shares of the stock in a transaction on Monday, March 22nd. The stock was sold at an average price of $334.30, for a total transaction of $1,437,490.00. Following the sale, the vice president now directly owns 15,602 shares of the company’s stock, valued at approximately $5,215,748.60. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.

A number of research firms have commented on COST. Zacks Investment Research upgraded Costco Wholesale from a “hold” rating to a “buy” rating and set a $372.00 price target for the company in a research note on Tuesday, February 2nd. Oppenheimer raised their target price on Costco Wholesale from $370.00 to $400.00 and gave the stock an “outperform” rating in a report on Wednesday, April 14th. Deutsche Bank Aktiengesellschaft raised their price objective on Costco Wholesale from $344.00 to $350.00 and gave the company a “buy” rating in a report on Wednesday, April 14th. The Goldman Sachs Group lifted their price target on Costco Wholesale from $377.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, April 14th. Finally, Royal Bank of Canada lifted their price objective on Costco Wholesale from $300.00 to $414.00 in a research report on Thursday, May 6th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $389.92.

COST stock opened at $384.42 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.53 and a debt-to-equity ratio of 0.49. Costco Wholesale Co. has a 1 year low of $293.84 and a 1 year high of $393.15. The company has a fifty day simple moving average of $367.28 and a 200 day simple moving average of $362.10. The firm has a market cap of $170.12 billion, a PE ratio of 39.47, a PEG ratio of 4.17 and a beta of 0.66.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Wednesday, March 3rd. The retailer reported $2.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.45 by ($0.31). The firm had revenue of $44.77 billion for the quarter, compared to analyst estimates of $43.71 billion. Costco Wholesale had a return on equity of 24.50% and a net margin of 2.50%. The firm’s revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.10 EPS. As a group, analysts forecast that Costco Wholesale Co. will post 9.95 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 14th. Shareholders of record on Friday, April 30th were paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.82%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.70. The ex-dividend date was Thursday, April 29th. Costco Wholesale’s dividend payout ratio is currently 35.71%.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It 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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