Vigilare Wealth Management Sells 199 Shares of Costco Wholesale Co. (NASDAQ:COST)

Vigilare Wealth Management trimmed its position in Costco Wholesale Co. (NASDAQ:COST – Get Rating) by 6.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,918 shares of the retailer’s stock after selling 199 shares during the quarter. Costco Wholesale comprises about 0.8% of Vigilare Wealth Management’s investment portfolio, making the stock its 22nd biggest position. Vigilare Wealth Management’s holdings in Costco Wholesale were worth $1,332,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Grant GrossMendelsohn LLC increased its holdings in shares of Costco Wholesale by 0.7% in the fourth quarter. Grant GrossMendelsohn LLC now owns 3,185 shares of the retailer’s stock worth $1,538,000 after purchasing an additional 22 shares during the last quarter. American National Bank raised its position in Costco Wholesale by 5.7% during the fourth quarter. American National Bank now owns 18,451 shares of the retailer’s stock valued at $8,423,000 after purchasing an additional 997 shares during the period. First Community Trust NA raised its position in Costco Wholesale by 3,185.7% during the fourth quarter. First Community Trust NA now owns 230 shares of the retailer’s stock valued at $105,000 after purchasing an additional 223 shares during the period. Norway Savings Bank boosted its holdings in shares of Costco Wholesale by 3.0% in the 4th quarter. Norway Savings Bank now owns 2,270 shares of the retailer’s stock worth $1,036,000 after purchasing an additional 67 shares during the period. Finally, Stableford Capital II LLC boosted its holdings in shares of Costco Wholesale by 8.7% in the 4th quarter. Stableford Capital II LLC now owns 1,867 shares of the retailer’s stock worth $894,000 after purchasing an additional 149 shares during the period. 66.03% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

COST opened at $487.05 on Friday. Costco Wholesale Co. has a 12-month low of $406.51 and a 12-month high of $612.27. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.29. The business’s fifty day simple moving average is $492.96 and its 200-day simple moving average is $492.19. The company has a market capitalization of $216.00 billion, a price-to-earnings ratio of 35.79, a PEG ratio of 3.63 and a beta of 0.79.

Costco Wholesale (NASDAQ:COST – Get Rating) last issued its quarterly earnings data on Thursday, March 2nd. The retailer reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.20 by $0.10. Costco Wholesale had a return on equity of 28.66% and a net margin of 2.58%. The company had revenue of $55.27 billion for the quarter, compared to the consensus estimate of $55.61 billion. During the same quarter last year, the company earned $2.92 earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Costco Wholesale Co. will post 14.36 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 17th. Investors of record on Friday, February 3rd were given a dividend of $0.90 per share. This represents a $3.60 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend was Thursday, February 2nd. Costco Wholesale’s payout ratio is currently 26.45%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COST. Roth Capital restated a “neutral” rating on shares of Costco Wholesale in a report on Friday, March 10th. TheStreet lowered Costco Wholesale from an “a-” rating to a “c” rating in a report on Monday, March 6th. BMO Capital Markets decreased their price target on Costco Wholesale from $600.00 to $555.00 in a report on Friday, December 9th. Loop Capital increased their price target on Costco Wholesale from $545.00 to $575.00 in a report on Thursday, February 2nd. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Costco Wholesale from $574.00 to $575.00 in a report on Friday, March 3rd. Five analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $550.16.

Insider Activity at Costco Wholesale

In related news, EVP Russell D. Miller sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $488.95, for a total transaction of $733,425.00. Following the sale, the executive vice president now owns 10,093 shares of the company’s stock, valued at $4,934,972.35. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Costco Wholesale news, EVP James C. Klauer sold 2,500 shares of the firm’s stock in a transaction dated Friday, January 27th. The stock was sold at an average price of $503.69, for a total value of $1,259,225.00. Following the completion of the sale, the executive vice president now owns 40,884 shares of the company’s stock, valued at $20,592,861.96. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Russell D. Miller sold 1,500 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $488.95, for a total value of $733,425.00. Following the completion of the sale, the executive vice president now directly owns 10,093 shares of the company’s stock, valued at approximately $4,934,972.35. The disclosure for this sale can be found here. Insiders have sold a total of 6,068 shares of company stock valued at $2,992,156 over the last quarter. 0.22% of the stock is owned by corporate insiders.

Costco Wholesale Company Profile

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Costco Wholesale Corp. engages in the operation of membership warehouses through wholly owned subsidiaries. It operates through the following geographical segments: United States, Canada, and Other International Operations. The company was founded by James D. Sinegal and Jeffrey H. Brotman in 1983 and is headquartered in Issaquah, WA.