Westhampton Capital LLC Sells 53 Shares of Costco Wholesale Co. (NASDAQ:COST)

Westhampton Capital LLC trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 1.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,277 shares of the retailer’s stock after selling 53 shares during the period. Costco Wholesale comprises 1.3% of Westhampton Capital LLC’s portfolio, making the stock its 22nd largest position. Westhampton Capital LLC’s holdings in Costco Wholesale were worth $2,163,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of COST. B. Riley Wealth Advisors Inc. increased its position in shares of Costco Wholesale by 1.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock valued at $16,302,000 after buying an additional 273 shares during the period. Keating Investment Counselors Inc. increased its position in shares of Costco Wholesale by 43.0% during the third quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock valued at $1,493,000 after buying an additional 795 shares during the period. Rice Partnership LLC increased its position in shares of Costco Wholesale by 21.0% during the third quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock valued at $6,633,000 after buying an additional 2,038 shares during the period. Cyndeo Wealth Partners LLC increased its position in shares of Costco Wholesale by 79.6% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 10,358 shares of the retailer’s stock valued at $6,837,000 after buying an additional 4,592 shares during the period. Finally, Resources Management Corp CT ADV increased its position in shares of Costco Wholesale by 1,396.0% during the second quarter. Resources Management Corp CT ADV now owns 14,960 shares of the retailer’s stock valued at $8,054,000 after buying an additional 13,960 shares during the period. 68.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Costco Wholesale news, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction on Tuesday, January 23rd. The shares were 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 approximately $148,306,297.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director W Craig Jelinek sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total value of $5,487,440.00. Following the completion of the sale, the director now owns 216,212 shares in the company, valued at approximately $148,306,297.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the sale, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The disclosure for this sale can be found here. Insiders sold 15,582 shares of company stock valued at $10,736,778 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the topic of a number of recent research reports. Northcoast Research cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price objective on the stock. in a report on Wednesday, December 20th. Wells Fargo & Company increased their price objective on shares of Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a research report on Thursday, February 8th. Citigroup increased their price objective on shares of Costco Wholesale from $585.00 to $630.00 and gave the company a “neutral” rating in a research report on Friday, December 15th. Oppenheimer increased their price objective on shares of Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. Finally, UBS Group increased their price target on shares of Costco Wholesale from $640.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $668.50.

Check Out Our Latest Stock Report on Costco Wholesale

Costco Wholesale Price Performance

COST traded up $0.55 during trading on Friday, hitting $732.63. 1,713,268 shares of the company traded hands, compared to its average volume of 2,522,812. The company has a market cap of $324.92 billion, a PE ratio of 47.92, a P/E/G ratio of 5.07 and a beta of 0.77. The stock’s 50-day simple moving average is $725.19 and its two-hundred day simple moving average is $643.24. Costco Wholesale Co. has a 1 year low of $476.75 and a 1 year high of $787.08. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings data 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 business had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. During the same period last year, the company posted $3.30 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Costco Wholesale Co. will post 15.81 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were paid a $1.02 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.56%. Costco Wholesale’s payout ratio is currently 26.68%.

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.

See Also

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)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.