Baskin Financial Services Inc. Sells 557 Shares of Costco Wholesale Co. (NASDAQ:COST)

Baskin Financial Services Inc. reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.7% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 75,278 shares of the retailer’s stock after selling 557 shares during the period. Costco Wholesale comprises about 4.5% of Baskin Financial Services Inc.’s investment portfolio, making the stock its 5th biggest position. Baskin Financial Services Inc.’s holdings in Costco Wholesale were worth $49,690,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the business. Richelieu Gestion SA bought a new position in Costco Wholesale during the 4th quarter valued at about $25,000. Sanctuary Wealth Management L.L.C. bought a new position in Costco Wholesale during the 4th quarter valued at about $26,000. Steph & Co. lifted its holdings in Costco Wholesale by 42.3% during the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after purchasing an additional 22 shares during the last quarter. Valued Wealth Advisors LLC bought a new position in Costco Wholesale during the 4th quarter valued at about $49,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in Costco Wholesale by 888.9% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock valued at $50,000 after purchasing an additional 80 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 1.4 %

NASDAQ COST traded down $9.94 during trading on Tuesday, reaching $711.30. 2,324,582 shares of the stock traded hands, compared to its average volume of 2,153,023. The firm has a market cap of $315.46 billion, a price-to-earnings ratio of 46.52, a price-to-earnings-growth ratio of 5.07 and a beta of 0.77. The stock’s 50-day moving average price is $726.52 and its 200 day moving average price is $646.75. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a fifty-two week low of $476.75 and a fifty-two week high of $787.08.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share (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 analysts’ expectations of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.30 earnings per share. Analysts predict that Costco Wholesale Co. will post 15.81 EPS for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 0.57%. The ex-dividend date of this dividend was Thursday, February 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

Analyst Ratings Changes

Several equities analysts recently issued reports on COST shares. Tigress Financial lifted their price target 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. Loop Capital boosted their target price on shares of Costco Wholesale from $710.00 to $755.00 in a research note on Friday, January 19th. Northcoast Research downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 target price for the company. in a research note on Wednesday, December 20th. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Finally, Citigroup boosted their target price on shares of Costco Wholesale from $585.00 to $630.00 and gave the stock a “neutral” rating in a research note on Friday, December 15th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $668.50.

Get Our Latest Stock Report on Costco Wholesale

Insider Activity

In other news, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the completion of the transaction, the executive vice president now owns 6,695 shares in the company, valued at $4,785,786.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Claudine Adamo sold 1,500 shares of the business’s stock in a transaction on Monday, March 11th. The shares were 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 $4,785,786.85. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Caton Frates sold 740 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $683.50, for a total transaction of $505,790.00. Following the completion of the sale, the executive vice president now directly owns 6,721 shares in the company, valued at approximately $4,593,803.50. The disclosure for this sale can be found here. Insiders sold 15,582 shares of company stock worth $10,736,778 over the last quarter. 0.18% of the stock is currently owned by company insiders.

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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