Tanager Wealth Management LLP Lowers Holdings in Costco Wholesale Co. (NASDAQ:COST)

Tanager Wealth Management LLP reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 15.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 367 shares of the retailer’s stock after selling 69 shares during the period. Tanager Wealth Management LLP’s holdings in Costco Wholesale were worth $248,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Howard Financial Services LTD. raised its stake in 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 acquiring an additional 15 shares during the last quarter. First National Corp MA ADV raised its stake in shares of Costco Wholesale by 0.5% in the fourth quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock worth $2,045,000 after purchasing an additional 15 shares during the last quarter. Morton Capital Management LLC CA lifted its holdings in shares of Costco Wholesale by 1.0% during the fourth quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock worth $1,032,000 after purchasing an additional 15 shares during the period. Insight Advisors LLC PA boosted its position in Costco Wholesale by 0.6% in the fourth quarter. Insight Advisors LLC PA now owns 2,736 shares of the retailer’s stock valued at $1,807,000 after buying an additional 15 shares during the last quarter. Finally, Optas LLC increased its holdings in Costco Wholesale by 0.6% in the 4th quarter. Optas LLC now owns 2,383 shares of the retailer’s stock worth $1,573,000 after buying an additional 15 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COST has been the subject of several research reports. Evercore ISI lifted their price objective on shares of Costco Wholesale from $795.00 to $805.00 and gave the company an “outperform” rating in a research note on Thursday, April 11th. Roth Mkm lifted their price objective on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Truist Financial upped their target price on Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Telsey Advisory Group reaffirmed an “outperform” rating and set a $800.00 target price on shares of Costco Wholesale in a report on Thursday, April 11th. Finally, Tigress Financial boosted their price target on Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a report on Friday, March 15th. Seven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $691.28.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, 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 transaction of $5,487,440.00. Following the transaction, the director now owns 216,212 shares of the company’s stock, valued at $148,306,297.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Susan L. Decker sold 1,442 shares of Costco Wholesale stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the sale, the director now owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 sale, the director now owns 216,212 shares in the company, valued at approximately $148,306,297.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,727 shares of company stock valued at $8,170,388. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Price Performance

Shares of COST traded down $1.74 during trading hours on Friday, hitting $709.51. 2,188,979 shares of the stock were exchanged, compared to its average volume of 2,098,958. The stock’s 50-day moving average price is $730.57 and its two-hundred day moving average price is $659.59. 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 company has a market cap of $314.67 billion, a price-to-earnings ratio of 46.40, a price-to-earnings-growth ratio of 4.76 and a beta of 0.77. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month high of $787.08.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. The business had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $3.30 earnings per share. Research analysts expect that Costco Wholesale Co. will post 15.84 earnings per share for the current year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a dividend of $1.16 per share. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, April 25th. Costco Wholesale’s payout ratio is currently 26.68%.

Costco Wholesale 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.