Welch Group LLC Sells 23 Shares of Costco Wholesale Co. (NASDAQ:COST)

Welch Group LLC reduced its position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,726 shares of the retailer’s stock after selling 23 shares during the quarter. Welch Group LLC’s holdings in Costco Wholesale were worth $1,139,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of COST. Howard Financial Services LTD. grew its position in shares of Costco Wholesale by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock worth $574,000 after buying an additional 15 shares in the last quarter. First National Corp MA ADV boosted its stake in Costco Wholesale by 0.5% in the 4th quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock worth $2,045,000 after buying an additional 15 shares during the last quarter. Morton Capital Management LLC CA boosted its stake in Costco Wholesale by 1.0% in the 4th quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock worth $1,032,000 after buying an additional 15 shares during the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in Costco Wholesale by 0.5% in the 4th quarter. Canandaigua National Bank & Trust Co. now owns 3,211 shares of the retailer’s stock worth $2,120,000 after buying an additional 16 shares during the last quarter. Finally, Advisory Resource Group boosted its stake in Costco Wholesale by 1.3% in the 4th quarter. Advisory Resource Group now owns 1,291 shares of the retailer’s stock worth $852,000 after buying an additional 16 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Down 1.4 %

COST traded down $9.94 during midday trading on Tuesday, reaching $711.30. The company’s stock had a trading volume of 2,309,945 shares, compared to its average volume of 2,140,875. The firm has a market capitalization of $315.46 billion, a price-to-earnings ratio of 46.60, a PEG ratio of 5.07 and a beta of 0.77. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a 1 year low of $476.75 and a 1 year high of $787.08. The stock’s 50-day moving average is $726.52 and its 200-day moving average is $646.75.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (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 firm had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. During the same quarter in the prior year, the firm posted $3.30 earnings per share. The business’s revenue was up 5.7% on a year-over-year basis. As a group, research analysts expect that Costco Wholesale Co. will post 15.81 EPS for the current year.

Costco Wholesale Dividend Announcement

The business 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. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.08 annualized dividend and a yield of 0.57%. Costco Wholesale’s payout ratio is 26.68%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on COST. Telsey Advisory Group lifted their target price on Costco Wholesale from $750.00 to $785.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. UBS Group lifted their target price on Costco Wholesale from $640.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. BMO Capital Markets lifted their target price on Costco Wholesale from $612.00 to $700.00 and gave the stock an “outperform” rating in a research report on Friday, December 15th. Tigress Financial lifted their target price on Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a research report on Friday, March 15th. Finally, Stifel Nicolaus boosted their price objective on Costco Wholesale from $615.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $668.50.

View Our Latest Research Report on Costco Wholesale

Insider Buying and Selling at Costco Wholesale

In other news, VP Yoram Rubanenko sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the sale, the vice president now owns 5,910 shares in the company, valued at approximately $4,020,750.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Yoram Rubanenko sold 2,500 shares of Costco Wholesale stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the sale, the vice president now owns 5,910 shares in the company, valued at approximately $4,020,750.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel M. Hines sold 1,400 shares of the firm’s stock in a transaction dated Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total transaction of $927,220.00. Following the transaction, the insider now directly owns 13,922 shares in the company, valued at approximately $9,220,540.60. The disclosure for this sale can be found here. Insiders sold 15,582 shares of company stock worth $10,736,778 over the last 90 days. 0.18% of the stock is owned by insiders.

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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