Costco Wholesale Co. (NASDAQ:COST) Shares Sold by TFB Advisors LLC

TFB Advisors LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 59.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 328 shares of the retailer’s stock after selling 488 shares during the quarter. TFB Advisors LLC’s holdings in Costco Wholesale were worth $217,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Richelieu Gestion SA purchased a new position in Costco Wholesale in the 4th quarter worth approximately $25,000. Sanctuary Wealth Management L.L.C. bought a new position in shares of Costco Wholesale in the fourth quarter worth $26,000. Steph & Co. grew its stake in shares of 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 during the fourth quarter valued at about $49,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Costco Wholesale by 888.9% during the third quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock valued at $50,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.1 %

Shares of NASDAQ:COST traded up $0.55 on Friday, reaching $732.63. 1,713,268 shares of the company traded hands, compared to its average volume of 2,605,208. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. The business’s 50-day simple moving average is $725.19 and its 200 day simple moving average is $643.24. The stock has a market capitalization of $324.92 billion, a P/E ratio of 47.92, a price-to-earnings-growth ratio of 5.06 and a beta of 0.77. Costco Wholesale Co. has a 52 week low of $476.75 and a 52 week high of $787.08.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. The business 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%. The business’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the firm earned $3.30 earnings per share. As a group, equities analysts anticipate that Costco Wholesale Co. will post 15.82 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

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 dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, February 1st. Costco Wholesale’s dividend payout ratio (DPR) is 26.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on COST shares. Truist Financial increased their price target on Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Wells Fargo & Company increased their price objective on Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Oppenheimer raised their target price on Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Finally, Raymond James raised their target price on Costco Wholesale from $580.00 to $670.00 and gave the company an “outperform” rating in a report on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $668.50.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the sale, the director now owns 12,395 shares in the company, valued at approximately $8,967,534.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the sale, the director now directly owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director W Craig Jelinek sold 8,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 23rd. The stock was 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 15,582 shares of company stock worth $10,736,778. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Company 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.