Costco Wholesale Co. (NASDAQ:COST) Stake Cut by Lederer & Associates Investment Counsel CA

Lederer & Associates Investment Counsel CA cut its position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 9.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,602 shares of the retailer’s stock after selling 266 shares during the quarter. Costco Wholesale accounts for about 1.3% of Lederer & Associates Investment Counsel CA’s investment portfolio, making the stock its 26th largest holding. Lederer & Associates Investment Counsel CA’s holdings in Costco Wholesale were worth $1,718,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Richelieu Gestion SA bought a new stake in shares of Costco Wholesale during the fourth quarter valued at about $25,000. Sanctuary Wealth Management L.L.C. purchased a new position in Costco Wholesale in the 4th quarter worth about $26,000. Steph & Co. increased its stake in Costco Wholesale by 42.3% in the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after purchasing an additional 22 shares in the last quarter. Valued Wealth Advisors LLC acquired a new stake in Costco Wholesale during the 4th quarter worth about $49,000. Finally, Iron Horse Wealth Management LLC boosted its position in Costco Wholesale by 888.9% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock worth $50,000 after acquiring an additional 80 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Activity at Costco Wholesale

In related news, Director W Craig Jelinek sold 8,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 216,212 shares in the company, valued at $148,306,297.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director W Craig Jelinek sold 8,000 shares of the company’s stock in a transaction dated 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 sale, the director now owns 216,212 shares in the company, valued at $148,306,297.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Decker sold 1,442 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the sale, the director now owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 15,582 shares of company stock worth $10,736,778. 0.18% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on COST. DA Davidson lifted their price target on Costco Wholesale from $570.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, December 15th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Truist Financial boosted their price objective on Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Telsey Advisory Group upped their price target on Costco Wholesale from $750.00 to $785.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Finally, The Goldman Sachs Group upped their price target on Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. Seven investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $668.50.

Check Out Our Latest Analysis on COST

Costco Wholesale Trading Up 0.1 %

Shares of COST traded up $0.55 during trading hours on Friday, hitting $732.63. 1,713,268 shares of the stock traded hands, compared to its average volume of 2,522,812. 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 Co. has a 1-year low of $476.75 and a 1-year high of $787.08. The firm has a market capitalization of $324.92 billion, a PE ratio of 47.92, a price-to-earnings-growth ratio of 5.07 and a beta of 0.77. The business has a fifty day moving average of $725.95 and a 200-day moving average of $644.44.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The business had revenue of $58.44 billion for the quarter, compared to analyst estimates of $59.11 billion. During the same quarter in the prior year, the firm posted $3.30 earnings per share. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. Analysts expect that Costco Wholesale Co. will post 15.81 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, February 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

About Costco Wholesale

(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.

Featured Articles

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.