Owen LaRue LLC Has $721,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Owen LaRue LLC lessened its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 787 shares of the retailer’s stock after selling 99 shares during the quarter. Owen LaRue LLC’s holdings in Costco Wholesale were worth $721,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. CHURCHILL MANAGEMENT Corp bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $8,430,000. GAMMA Investing LLC lifted its position in shares of Costco Wholesale by 15.0% during the 4th quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after buying an additional 1,001 shares during the period. Dale Q Rice Investment Management Ltd bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $984,000. Stanich Group LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $214,000. Finally, Everence Capital Management Inc. lifted its position in shares of Costco Wholesale by 15.4% during the 4th quarter. Everence Capital Management Inc. now owns 11,913 shares of the retailer’s stock worth $10,916,000 after buying an additional 1,590 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the sale, the chief executive officer now owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Claudine Adamo sold 900 shares of the company’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the sale, the executive vice president now directly owns 6,987 shares of the company’s stock, valued at $6,445,926.72. This represents a 11.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,600 shares of company stock valued at $9,140,195 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.1 %

Shares of COST stock opened at $978.54 on Tuesday. The stock has a market cap of $434.16 billion, a P/E ratio of 57.46, a PEG ratio of 6.15 and a beta of 0.95. Costco Wholesale Co. has a 52 week low of $715.32 and a 52 week high of $1,078.24. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company’s fifty day simple moving average is $964.78 and its two-hundred day simple moving average is $956.90.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing the consensus estimate of $4.09 by ($0.07). The firm had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a $1.30 dividend. This represents a $5.20 annualized dividend and a dividend yield of 0.53%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Friday, May 2nd. Costco Wholesale’s payout ratio is presently 30.36%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Cowen restated a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Sanford C. Bernstein reiterated an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Truist Financial increased their target price on Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a report on Friday, March 7th. Robert W. Baird increased their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Monday. Ten research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,024.03.

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.