Five Oceans Advisors Reduces Position in Costco Wholesale Co. (NASDAQ:COST)

Five Oceans Advisors reduced its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,572 shares of the retailer’s stock after selling 49 shares during the quarter. Five Oceans Advisors’ holdings in Costco Wholesale were worth $1,038,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp increased its stake in Costco Wholesale by 1.8% in the 2nd quarter. State Street Corp now owns 19,108,655 shares of the retailer’s stock worth $10,287,718,000 after buying an additional 333,308 shares during the period. Morgan Stanley increased its position in shares of Costco Wholesale by 18.0% during the fourth quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock worth $3,941,708,000 after acquiring an additional 1,315,174 shares during the period. Moneta Group Investment Advisors LLC raised its stake in shares of Costco Wholesale by 118,320.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock valued at $3,376,513,000 after acquiring an additional 7,390,278 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Costco Wholesale by 4.3% in the third quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer’s stock valued at $2,901,040,000 after purchasing an additional 210,586 shares during the period. Finally, Norges Bank bought a new stake in Costco Wholesale during the 4th quarter valued at $2,328,844,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.1 %

COST stock opened at $733.33 on Monday. Costco Wholesale Co. has a 52 week low of $476.75 and a 52 week high of $787.08. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The firm has a 50-day simple moving average of $725.95 and a 200-day simple moving average of $645.04. The stock has a market capitalization of $325.23 billion, a P/E ratio of 47.92, a P/E/G ratio of 5.07 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping the consensus estimate 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%. Costco Wholesale’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business earned $3.30 EPS. Equities analysts forecast that Costco Wholesale Co. will post 15.81 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on COST shares. UBS Group lifted their price objective on Costco Wholesale from $640.00 to $725.00 and gave the company a “buy” rating in a report on Friday, December 15th. BMO Capital Markets lifted their price target on Costco Wholesale from $612.00 to $700.00 and gave the company an “outperform” rating in a report on Friday, December 15th. DA Davidson upped 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. Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Finally, Northcoast Research downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price objective on the stock. in a research report on Wednesday, December 20th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $668.50.

Read Our Latest Report on COST

Insider Activity

In related news, insider Daniel M. Hines sold 1,400 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $662.30, for a total transaction of $927,220.00. Following the transaction, the insider now owns 13,922 shares in the company, valued at $9,220,540.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the sale, the executive vice president now owns 6,695 shares in the company, valued at approximately $4,785,786.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel M. Hines sold 1,400 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total value of $927,220.00. Following the completion of the transaction, the insider now owns 13,922 shares in the company, valued at $9,220,540.60. The disclosure for this sale can be found here. Insiders sold 15,582 shares of company stock worth $10,736,778 over the last three months. Insiders own 0.18% of the company’s stock.

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.

See Also

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

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