Costco Wholesale Co. (NASDAQ:COST) Stock Position Decreased by S.A. Mason LLC

S.A. Mason LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,213 shares of the retailer’s stock after selling 60 shares during the quarter. Costco Wholesale accounts for approximately 2.3% of S.A. Mason LLC’s holdings, making the stock its 10th biggest position. S.A. Mason LLC’s holdings in Costco Wholesale were worth $3,441,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Howard Financial Services LTD. increased its holdings in shares of Costco Wholesale by 1.8% in the 4th quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock worth $574,000 after purchasing an additional 15 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in shares of Costco Wholesale by 0.5% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 3,211 shares of the retailer’s stock worth $2,120,000 after buying an additional 16 shares during the last quarter. Advisory Resource Group grew its holdings in shares of Costco Wholesale by 1.3% in the fourth quarter. Advisory Resource Group now owns 1,291 shares of the retailer’s stock worth $852,000 after acquiring an additional 16 shares during the period. Shira Ridge Wealth Management increased its position in Costco Wholesale by 1.3% during the fourth quarter. Shira Ridge Wealth Management now owns 1,367 shares of the retailer’s stock valued at $902,000 after acquiring an additional 17 shares during the last quarter. Finally, Global Strategic Investment Solutions LLC lifted its holdings in Costco Wholesale by 1.1% in the fourth quarter. Global Strategic Investment Solutions LLC now owns 1,602 shares of the retailer’s stock valued at $1,057,000 after acquiring an additional 17 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.2 %

NASDAQ COST opened at $732.08 on Thursday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The business has a fifty day moving average price of $723.33 and a 200 day moving average price of $641.98. The company has a market cap of $324.68 billion, a P/E ratio of 47.88, a P/E/G ratio of 5.07 and a beta of 0.77. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $787.08.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. During the same period in the previous year, the firm earned $3.30 earnings per share. Costco Wholesale’s quarterly revenue was up 5.7% compared to the same quarter last year. Research analysts anticipate that Costco Wholesale Co. will post 15.78 EPS 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 given a $1.02 dividend. The ex-dividend date was Thursday, February 1st. This represents a $4.08 annualized dividend and a yield of 0.56%. Costco Wholesale’s dividend payout ratio (DPR) is 26.68%.

Insiders Place Their Bets

In other Costco Wholesale news, Director W Craig Jelinek sold 8,000 shares of the stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total value of $5,487,440.00. Following the completion of the transaction, the director now owns 216,212 shares in the company, valued at $148,306,297.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Daniel M. Hines sold 1,400 shares of the stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total value of $927,220.00. Following the sale, the insider now directly owns 13,922 shares of the company’s stock, valued at approximately $9,220,540.60. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director W Craig Jelinek sold 8,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total value of $5,487,440.00. Following the completion of the transaction, the director now directly owns 216,212 shares of the company’s stock, valued at $148,306,297.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 15,582 shares of company stock valued at $10,736,778. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COST. Northcoast Research lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price objective for the company. in a report on Wednesday, December 20th. Wells Fargo & Company raised their price target on shares of Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Truist Financial increased their price objective on Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Raymond James increased their price target on Costco Wholesale from $580.00 to $670.00 and gave the company an “outperform” rating in a research note on Friday, December 15th. Finally, Tigress Financial upped their price objective on shares of Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a report on Friday, March 15th. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $668.50.

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, 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.