Fiduciary Alliance LLC Trims Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Fiduciary Alliance LLC trimmed its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,364 shares of the retailer’s stock after selling 26 shares during the quarter. Fiduciary Alliance LLC’s holdings in Costco Wholesale were worth $3,541,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of COST. Richelieu Gestion SA purchased a new stake in shares of Costco Wholesale in the fourth quarter worth approximately $25,000. Sanctuary Wealth Management L.L.C. bought a new position in Costco Wholesale in the fourth quarter worth approximately $26,000. Steph & Co. grew its stake in Costco Wholesale by 42.3% in the third 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 bought a new position in Costco Wholesale in the fourth quarter worth approximately $49,000. Finally, Iron Horse Wealth Management LLC grew its stake in Costco Wholesale by 888.9% in the third quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock worth $50,000 after purchasing an additional 80 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

Shares of COST stock opened at $730.98 on Wednesday. The firm has a market capitalization of $324.19 billion, a price-to-earnings ratio of 47.81, a price-to-earnings-growth ratio of 5.07 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. The business has a fifty day moving average of $722.34 and a 200 day moving average of $640.72. Costco Wholesale Co. has a 1 year low of $476.75 and a 1 year high of $787.08.

Costco Wholesale (NASDAQ:COSTGet 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. The company had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The firm’s quarterly revenue was up 5.7% on a year-over-year basis. During the same quarter last year, the business posted $3.30 EPS. As a group, research analysts expect that Costco Wholesale Co. will post 15.78 earnings per share for the current year.

Costco Wholesale Dividend Announcement

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

Insider Buying and Selling

In other Costco Wholesale news, insider Daniel M. Hines sold 1,400 shares of Costco Wholesale stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $662.30, for a total transaction of $927,220.00. Following the completion of the transaction, the insider now owns 13,922 shares in the company, valued at approximately $9,220,540.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,400 shares of Costco Wholesale stock in a transaction dated Tuesday, January 9th. The stock was sold at an average price of $662.30, for a total transaction of $927,220.00. Following the completion of the transaction, the insider now owns 13,922 shares in the company, valued at approximately $9,220,540.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total value of $1,072,245.00. Following the transaction, 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 worth $10,736,778 in the last 90 days. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Oppenheimer increased their price objective on Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. DA Davidson increased their price objective on Costco Wholesale from $570.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, December 15th. Telsey Advisory Group increased their target price on Costco Wholesale from $750.00 to $785.00 and gave the company an “outperform” rating in a research report on Monday, March 4th. Loop Capital increased their target price on Costco Wholesale from $710.00 to $755.00 in a research report on Friday, January 19th. Finally, Citigroup increased their target price on Costco Wholesale from $585.00 to $630.00 and gave the company a “neutral” rating in a research report on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $668.50.

Check Out Our Latest Research Report on Costco Wholesale

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.

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

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