Gould Asset Management LLC CA cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 4.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,637 shares of the retailer’s stock after selling 70 shares during the quarter. Gould Asset Management LLC CA’s holdings in Costco Wholesale were worth $1,081,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently added to or reduced their stakes in the business. Richelieu Gestion SA purchased a new position in shares of Costco Wholesale in the 4th quarter worth about $25,000. Morton Brown Family Wealth LLC grew its stake in shares of Costco Wholesale by 200.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after buying an additional 30 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $30,000. Steph & Co. grew its stake in shares of Costco Wholesale by 42.3% in the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after buying an additional 22 shares in the last quarter. Finally, Valued Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $49,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In related news, Director Susan L. Decker sold 1,442 shares of Costco Wholesale stock in a transaction on Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction 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 $8,967,534.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of the business’s stock in a transaction dated 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 completion of 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 Securities & Exchange Commission, which is available through this link. Also, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction dated Friday, February 9th. The stock was 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 directly 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 have sold 3,727 shares of company stock worth $2,682,948. 0.18% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on COST
Costco Wholesale Price Performance
Shares of COST stock traded down $2.03 during mid-day trading on Thursday, hitting $721.86. 1,612,268 shares of the stock traded hands, compared to its average volume of 2,062,339. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month high of $787.08. The firm has a market cap of $320.14 billion, a price-to-earnings ratio of 47.21, a price-to-earnings-growth ratio of 4.81 and a beta of 0.77. The company’s 50-day simple moving average is $730.31 and its 200-day simple moving average is $664.86. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93.
Costco Wholesale (NASDAQ:COST – Get Free Report) last issued 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. 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 analysts’ expectations of $59.11 billion. During the same period in the previous year, the firm posted $3.30 EPS. The company’s quarterly revenue was up 5.7% on a year-over-year basis. As a group, equities research analysts expect that Costco Wholesale Co. will post 15.84 earnings per share for the current year.
Costco Wholesale Increases Dividend
The firm also recently declared 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 an increase from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend is Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.64%. 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.
See Also
- Five stocks we like better than Costco Wholesale
- 3 Stocks to Consider Buying in October
- Hasbro’s Management Made All the Right Calls This Quarter
- Using the MarketBeat Stock Split Calculator
- Caterpillar’s Market Reset Isn’t Over: Get Ready for Lower Prices
- Technology Stocks Explained: Here’s What to Know About Tech
- Power Surge: Utilities Sector’s Resilience Shines
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:COST – Free Report).
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.