Highland Private Wealth Management cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,571 shares of the retailer’s stock after selling 182 shares during the period. Highland Private Wealth Management’s holdings in Costco Wholesale were worth $524,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in the company. Northern Trust Corp lifted its position in shares of Costco Wholesale by 3.4% during the fourth quarter. Northern Trust Corp now owns 6,230,704 shares of the retailer’s stock worth $1,269,257,000 after purchasing an additional 202,554 shares during the last quarter. Burney Co. lifted its position in shares of Costco Wholesale by 15.8% during the fourth quarter. Burney Co. now owns 2,243 shares of the retailer’s stock worth $457,000 after purchasing an additional 306 shares during the last quarter. Venturi Wealth Management LLC lifted its position in shares of Costco Wholesale by 9.1% during the fourth quarter. Venturi Wealth Management LLC now owns 37,863 shares of the retailer’s stock worth $7,588,000 after purchasing an additional 3,174 shares during the last quarter. Motley Fool Wealth Management LLC lifted its position in shares of Costco Wholesale by 0.7% during the fourth quarter. Motley Fool Wealth Management LLC now owns 27,054 shares of the retailer’s stock worth $5,511,000 after purchasing an additional 193 shares during the last quarter. Finally, Rowland & Co. Investment Counsel ADV lifted its position in shares of Costco Wholesale by 11.8% during the fourth quarter. Rowland & Co. Investment Counsel ADV now owns 4,219 shares of the retailer’s stock worth $860,000 after purchasing an additional 446 shares during the last quarter. Institutional investors own 71.07% of the company’s stock.
In other Costco Wholesale news, Director Susan L. Decker sold 739 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $205.00, for a total value of $151,495.00. Following the sale, the director now owns 52,249 shares in the company, valued at $10,711,045. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Richard A. Galanti sold 4,188 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $230.47, for a total transaction of $965,208.36. Following the completion of the sale, the vice president now owns 30,082 shares in the company, valued at approximately $6,932,998.54. The disclosure for this sale can be found here. Insiders sold 8,587 shares of company stock worth $1,924,179 in the last 90 days. 0.21% of the stock is owned by company insiders.
Several equities analysts have recently commented on COST shares. TheStreet cut shares of Costco Wholesale from an “a” rating to a “c” rating in a research report on Wednesday, January 16th. Bank of America reissued a “buy” rating and issued a $255.00 target price on shares of Costco Wholesale in a report on Friday, December 14th. Wells Fargo & Co cut their target price on shares of Costco Wholesale from $235.00 to $220.00 and set a “market perform” rating on the stock in a report on Friday, December 14th. They noted that the move was a valuation call. Citigroup cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and cut their target price for the stock from $257.00 to $238.00 in a report on Monday, December 3rd. Finally, BidaskClub cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Friday, January 25th. Seven equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $244.57.
Shares of NASDAQ:COST opened at $237.56 on Friday. Costco Wholesale Co. has a 52 week low of $180.83 and a 52 week high of $245.16. The company has a market capitalization of $104.50 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 3.37 and a beta of 0.94. The company has a current ratio of 0.96, a quick ratio of 0.46 and a debt-to-equity ratio of 0.34.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 7th. The retailer reported $2.01 EPS for the quarter, beating the consensus estimate of $1.67 by $0.34. Costco Wholesale had a net margin of 2.34% and a return on equity of 25.53%. The company had revenue of $35.40 billion for the quarter. During the same quarter in the previous year, the business posted $1.59 EPS. Sell-side analysts predict that Costco Wholesale Co. will post 7.9 EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 22nd. Shareholders of record on Friday, February 8th were paid a $0.57 dividend. The ex-dividend date of this dividend was Thursday, February 7th. This represents a $2.28 annualized dividend and a dividend yield of 0.96%. Costco Wholesale’s payout ratio is currently 33.38%.
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About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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