LaFleur & Godfrey LLC Sells 875 Shares of Costco Wholesale Corporation $COST

LaFleur & Godfrey LLC reduced its stake in Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 71.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 348 shares of the retailer’s stock after selling 875 shares during the quarter. LaFleur & Godfrey LLC’s holdings in Costco Wholesale were worth $322,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Soundwatch Capital LLC increased its position in shares of Costco Wholesale by 635.7% during the second quarter. Soundwatch Capital LLC now owns 2,553 shares of the retailer’s stock worth $25,000 after buying an additional 2,206 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in Costco Wholesale during the second quarter valued at $31,000. Abich Financial Wealth Management LLC acquired a new stake in Costco Wholesale during the 3rd quarter worth about $34,000. Collier Financial bought a new position in shares of Costco Wholesale in the 3rd quarter worth about $35,000. Finally, AXS Investments LLC acquired a new position in shares of Costco Wholesale in the 3rd quarter valued at about $36,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on COST shares. Mizuho raised their target price on Costco Wholesale from $1,000.00 to $1,065.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 3rd. Wells Fargo & Company raised their price objective on shares of Costco Wholesale from $900.00 to $950.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Oppenheimer boosted their target price on shares of Costco Wholesale from $1,050.00 to $1,100.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. UBS Group restated a “buy” rating on shares of Costco Wholesale in a report on Friday, December 12th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Costco Wholesale in a research note on Friday, December 12th. Twenty-one investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $1,008.07.

Check Out Our Latest Stock Analysis on Costco Wholesale

Costco Wholesale Price Performance

COST stock opened at $985.27 on Monday. The company has a market capitalization of $437.33 billion, a P/E ratio of 52.77, a price-to-earnings-growth ratio of 5.20 and a beta of 1.01. Costco Wholesale Corporation has a 52-week low of $844.06 and a 52-week high of $1,067.08. The business has a 50-day simple moving average of $934.56 and a two-hundred day simple moving average of $934.23. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.53 and a current ratio of 1.04.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its earnings results on Thursday, December 11th. The retailer reported $4.34 earnings per share for the quarter, beating analysts’ consensus estimates of $4.27 by $0.07. Costco Wholesale had a return on equity of 29.35% and a net margin of 2.96%.The company had revenue of $67.31 billion for the quarter, compared to analyst estimates of $67.03 billion. During the same quarter last year, the company earned $4.04 earnings per share. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. Research analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 13th. Stockholders of record on Friday, January 30th were paid a $1.30 dividend. The ex-dividend date was Friday, January 30th. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. Costco Wholesale’s dividend payout ratio is presently 27.85%.

Trending Headlines about Costco Wholesale

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Insider Buying and Selling

In other news, EVP James C. Klauer sold 1,500 shares of the stock in a transaction dated Wednesday, January 14th. The shares were sold at an average price of $939.00, for a total value of $1,408,500.00. Following the completion of the sale, the executive vice president owned 44,837 shares in the company, valued at $42,101,943. This represents a 3.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan L. Decker sold 458 shares of the business’s stock in a transaction dated Friday, January 16th. The stock was sold at an average price of $955.00, for a total transaction of $437,390.00. Following the transaction, the director owned 8,532 shares in the company, valued at approximately $8,148,060. This trade represents a 5.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 6,915 shares of company stock valued at $6,317,097 over the last 90 days. 0.10% of the stock is currently owned by company insiders.

About Costco Wholesale

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

Further Reading

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

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