Houlihan Financial Resource Group Ltd. Sells 25,986 Shares of Costco Wholesale Co. (NASDAQ:COST)

Houlihan Financial Resource Group Ltd. cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 95.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,346 shares of the retailer’s stock after selling 25,986 shares during the period. Houlihan Financial Resource Group Ltd.’s holdings in Costco Wholesale were worth $755,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in COST. Bridgewealth Advisory Group LLC increased its stake in shares of Costco Wholesale by 6.6% in the 3rd quarter. Bridgewealth Advisory Group LLC now owns 455 shares of the retailer’s stock valued at $257,000 after acquiring an additional 28 shares in the last quarter. Valley Wealth Managers Inc. raised its holdings in Costco Wholesale by 2.4% during the third quarter. Valley Wealth Managers Inc. now owns 958 shares of the retailer’s stock worth $541,000 after buying an additional 22 shares during the last quarter. One Capital Management LLC raised its holdings in Costco Wholesale by 3.3% during the third quarter. One Capital Management LLC now owns 9,197 shares of the retailer’s stock worth $5,196,000 after buying an additional 293 shares during the last quarter. Nicollet Investment Management Inc. acquired a new position in Costco Wholesale during the third quarter worth $240,000. Finally, RS Crum Inc. acquired a new position in Costco Wholesale during the third quarter worth $255,000. Institutional investors own 66.31% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on COST. Stifel Nicolaus raised their price target on shares of Costco Wholesale from $615.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, December 15th. UBS Group lifted their target price on shares of Costco Wholesale from $640.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. DA Davidson lifted their target price on shares of Costco Wholesale from $570.00 to $600.00 and gave the stock a “neutral” rating in a research report on Friday, December 15th. Loop Capital lifted their price target on shares of Costco Wholesale from $710.00 to $755.00 in a report on Friday, January 19th. Finally, BMO Capital Markets lifted their price target on shares of Costco Wholesale from $612.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $659.96.

Get Our Latest Stock Analysis on COST

Costco Wholesale Price Performance

Shares of COST traded down $7.05 during mid-day trading on Monday, reaching $716.35. 450,316 shares of the stock traded hands, compared to its average volume of 2,023,805. The firm has a fifty day moving average price of $669.74 and a 200 day moving average price of $599.99. The company has a market cap of $317.87 billion, a price-to-earnings ratio of 49.31, a price-to-earnings-growth ratio of 5.11 and a beta of 0.77. The company has a current ratio of 1.09, a quick ratio of 0.60 and a debt-to-equity ratio of 0.22. Costco Wholesale Co. has a 1 year low of $465.33 and a 1 year high of $728.17.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings results on Thursday, December 14th. The retailer reported $3.48 EPS for the quarter, beating analysts’ consensus estimates of $3.41 by $0.07. Costco Wholesale had a net margin of 2.65% and a return on equity of 27.44%. The firm had revenue of $57.80 billion during the quarter, compared to analyst estimates of $57.79 billion. During the same period in the previous year, the business earned $3.10 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. As a group, equities research analysts predict that Costco Wholesale Co. will post 15.66 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Stockholders of record on Friday, February 2nd will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.57%. The ex-dividend date of this dividend is Thursday, February 1st. Costco Wholesale’s dividend payout ratio is currently 27.81%.

Insider Transactions at Costco Wholesale

In other news, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the completion of the sale, the director now directly owns 216,212 shares of the company’s stock, valued at approximately $148,306,297.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, VP Yoram Rubanenko sold 2,500 shares of the company’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the transaction, the vice president now directly owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director W Craig Jelinek sold 8,000 shares of the company’s stock in a transaction dated Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the transaction, the director now directly owns 216,212 shares of the company’s stock, valued at $148,306,297.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 13,752 shares of company stock valued at $9,377,669. Insiders own 0.18% of the company’s stock.

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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