Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Davis R M Inc.

Davis R M Inc. reduced its stake in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 3.6% during the 4th quarter, Holdings Channel reports. The fund owned 107,741 shares of the retailer’s stock after selling 3,993 shares during the quarter. Costco Wholesale makes up approximately 1.6% of Davis R M Inc.’s investment portfolio, making the stock its 16th biggest position. Davis R M Inc.’s holdings in Costco Wholesale were worth $71,118,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Costco Wholesale during the 4th quarter worth about $3,628,694,000. International Assets Investment Management LLC increased its stake in Costco Wholesale by 61,693.5% in the fourth quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after purchasing an additional 3,100,099 shares during the last quarter. C WorldWide Group Holding A S purchased a new stake in shares of Costco Wholesale during the 3rd quarter worth approximately $390,630,000. Alphinity Investment Management Pty Ltd acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $297,915,000. Finally, Invesco Ltd. boosted its stake in Costco Wholesale by 18.3% in the third quarter. Invesco Ltd. now owns 2,088,673 shares of the retailer’s stock valued at $1,180,016,000 after acquiring an additional 323,346 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Russell D. Miller sold 785 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale 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 directly 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 through the SEC website. Also, EVP Russell D. Miller sold 785 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Trading Up 1.0 %

Shares of NASDAQ:COST traded up $7.93 during trading on Tuesday, reaching $800.93. The stock had a trading volume of 1,190,935 shares, compared to its average volume of 1,984,890. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The stock has a market cap of $355.21 billion, a P/E ratio of 52.07, a PEG ratio of 5.30 and a beta of 0.77. The business has a fifty day moving average price of $737.07 and a 200-day moving average price of $690.66. Costco Wholesale Co. has a fifty-two week low of $476.75 and a fifty-two week high of $804.56.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. The company had revenue of $58.44 billion for the quarter, compared to analyst estimates of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.30 EPS. As a group, analysts anticipate that Costco Wholesale Co. will post 15.84 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were given a dividend of $1.16 per share. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date was Thursday, April 25th. This represents a $4.64 annualized dividend and a yield of 0.58%. Costco Wholesale’s dividend payout ratio is 30.35%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Roth Mkm boosted their price objective on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Citigroup lifted their price objective on shares of Costco Wholesale from $630.00 to $710.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Telsey Advisory Group reiterated an “outperform” rating and set a $800.00 target price on shares of Costco Wholesale in a research note on Monday, May 6th. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price on the stock. in a report on Wednesday, April 3rd. Finally, Loop Capital dropped their price objective on shares of Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a research note on Thursday, April 11th. Six equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $695.08.

Check Out Our Latest Stock Report on COST

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.

See Also

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

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

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