Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Lmcg Investments LLC

Lmcg Investments LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 5.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 13,078 shares of the retailer’s stock after selling 704 shares during the quarter. Lmcg Investments LLC’s holdings in Costco Wholesale were worth $8,633,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of COST. Richelieu Gestion SA acquired a new position in shares of Costco Wholesale in the fourth quarter worth about $25,000. Morton Brown Family Wealth LLC grew its position in Costco Wholesale by 200.0% during the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new position in Costco Wholesale during the 4th quarter worth approximately $30,000. Valued Wealth Advisors LLC acquired a new stake in Costco Wholesale during the 4th quarter valued at $49,000. Finally, Aspire Private Capital LLC boosted its position in shares of Costco Wholesale by 122.0% in the third quarter. Aspire Private Capital LLC now owns 91 shares of the retailer’s stock worth $52,000 after buying an additional 50 shares during the period. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the sale, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $7,228,600. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at $7,228,600. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was 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 in the company, valued at $4,785,786.85. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Costco Wholesale stock traded up $9.14 during trading hours on Wednesday, hitting $787.04. The stock had a trading volume of 1,660,927 shares, compared to its average volume of 2,006,448. The company has a 50-day moving average of $733.66 and a two-hundred day moving average of $683.98. 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 $789.66. The company has a market cap of $349.05 billion, a PE ratio of 51.53, a price-to-earnings-growth ratio of 5.16 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping the consensus estimate 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 return on equity of 28.80% and a net margin of 2.73%. Costco Wholesale’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same period last year, the business earned $3.30 earnings per share. On average, equities research analysts anticipate that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were paid a $1.16 dividend. The ex-dividend date was Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a yield of 0.59%. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s payout ratio is presently 30.35%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Roth Mkm upped their price target on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a research report on Thursday, April 11th. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Evercore ISI boosted their price target on Costco Wholesale from $810.00 to $820.00 and gave the company an “outperform” rating in a research note on Tuesday. DA Davidson restated a “neutral” rating and set a $680.00 price target on shares of Costco Wholesale in a research note on Thursday, April 11th. Finally, Citigroup lifted their price objective on shares of Costco Wholesale from $630.00 to $710.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $695.08.

Check Out Our Latest Analysis on Costco Wholesale

Costco Wholesale Company 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.

Further Reading

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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