Venturi Wealth Management LLC Decreases Stake in Costco Wholesale Co. (NASDAQ:COST)

Venturi Wealth Management LLC lowered its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,625 shares of the retailer’s stock after selling 122 shares during the quarter. Venturi Wealth Management LLC’s holdings in Costco Wholesale were worth $2,393,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Richelieu Gestion SA acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at about $25,000. Sanctuary Wealth Management L.L.C. purchased a new position in shares of Costco Wholesale in the fourth quarter worth about $26,000. Steph & Co. lifted 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 buying an additional 22 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of Costco Wholesale in the fourth quarter worth about $49,000. Finally, Iron Horse Wealth Management LLC raised 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 worth $50,000 after purchasing an additional 80 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of the business’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 transaction, the executive vice president now owns 6,695 shares in the company, valued at approximately $4,785,786.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Daniel M. Hines sold 1,400 shares of the business’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 transaction of $927,220.00. Following the completion of the sale, the insider now owns 13,922 shares in the company, valued at approximately $9,220,540.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,072,245.00. Following the sale, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The disclosure for this sale can be found here. Insiders sold 15,582 shares of company stock worth $10,736,778 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on COST shares. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $615.00 to $675.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Truist Financial lifted their target price on shares of Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research note on Thursday, December 21st. Evercore ISI lifted their target price on shares of Costco Wholesale from $640.00 to $650.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. 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 note on Friday, December 15th. Finally, Northcoast Research downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 target price on the stock. in a research note on Wednesday, December 20th. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $672.76.

Get Our Latest Stock Report on COST

Costco Wholesale Stock Down 1.2 %

Shares of COST stock traded down $8.71 during trading on Wednesday, reaching $702.59. The company’s stock had a trading volume of 459,945 shares, compared to its average volume of 2,125,103. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. The company has a market capitalization of $311.60 billion, a price-to-earnings ratio of 46.52, a P/E/G ratio of 4.99 and a beta of 0.77. The stock’s 50-day moving average price is $727.00 and its 200 day moving average price is $647.84. Costco Wholesale Co. has a 1-year low of $476.75 and a 1-year high of $787.08.

Costco Wholesale (NASDAQ:COSTGet Free Report) last posted its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping the consensus estimate of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. During the same quarter in the previous year, the business posted $3.30 EPS. The firm’s revenue was up 5.7% on a year-over-year basis. On average, research analysts anticipate that Costco Wholesale Co. will post 15.81 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 0.58%. The ex-dividend date of this dividend was Thursday, February 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

Costco Wholesale 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.

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

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