Costco Wholesale Co. (NASDAQ:COST) Shares Sold by CreativeOne Wealth LLC

CreativeOne Wealth LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,854 shares of the retailer’s stock after selling 158 shares during the quarter. CreativeOne Wealth LLC’s holdings in Costco Wholesale were worth $1,224,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. L.M. Kohn & Company lifted its holdings in Costco Wholesale by 2.0% in the 4th quarter. L.M. Kohn & Company now owns 15,731 shares of the retailer’s stock valued at $10,384,000 after purchasing an additional 305 shares in the last quarter. STF Management LP boosted its position in Costco Wholesale by 2.1% during the fourth quarter. STF Management LP now owns 7,407 shares of the retailer’s stock worth $4,889,000 after acquiring an additional 150 shares during the last quarter. Corient Private Wealth LLC grew its stake in Costco Wholesale by 13.0% during the 4th quarter. Corient Private Wealth LLC now owns 967,726 shares of the retailer’s stock valued at $638,800,000 after acquiring an additional 111,239 shares in the last quarter. Sachetta LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at about $799,000. Finally, Balentine LLC lifted its stake in Costco Wholesale by 18.3% in the 4th quarter. Balentine LLC now owns 8,398 shares of the retailer’s stock worth $5,543,000 after purchasing an additional 1,301 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the topic of a number of recent research reports. Tigress Financial boosted their price objective on Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a research note on Friday, March 15th. Wells Fargo & Company raised their price objective on shares of Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Evercore ISI boosted their target price on shares of Costco Wholesale from $810.00 to $820.00 and gave the company an “outperform” rating in a report on Tuesday, May 14th. Gordon Haskett downgraded shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target for the company. in a report on Wednesday, April 3rd. Finally, DA Davidson restated a “neutral” rating and issued a $680.00 target price on shares of Costco Wholesale in a research report on Thursday, April 11th. Six analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $695.08.

Insiders Place Their Bets

In other news, EVP Claudine Adamo sold 1,500 shares of the business’s 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 transaction, the executive vice president now owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Russell D. Miller sold 785 shares of the stock in a transaction that occurred on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the completion of the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on 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 completion of 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. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Performance

NASDAQ COST traded up $4.15 on Wednesday, reaching $805.08. The stock had a trading volume of 270,629 shares, compared to its average volume of 1,968,717. The stock has a market cap of $357.05 billion, a P/E ratio of 52.16, a price-to-earnings-growth ratio of 5.28 and a beta of 0.77. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month high of $806.35. The business’s 50-day moving average price is $738.35 and its 200 day moving average price is $692.35. 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) last released its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating the consensus estimate of $3.62 by $0.09. The firm had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. Costco Wholesale’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $3.30 EPS. As a group, equities 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 disclosed a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a yield of 0.58%. Costco Wholesale’s dividend payout ratio is currently 30.35%.

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.