Intrepid Financial Planning Group LLC Sells 174 Shares of Costco Wholesale Co. (NASDAQ:COST)

Intrepid Financial Planning Group LLC cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,005 shares of the retailer’s stock after selling 174 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Costco Wholesale were worth $1,837,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale during the third quarter valued at about $29,000. Synergy Investment Management LLC purchased a new position in shares of Costco Wholesale during the fourth quarter valued at about $31,000. NewSquare Capital LLC grew its position in shares of Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale during the fourth quarter valued at about $33,000. Finally, Collier Financial purchased a new position in shares of Costco Wholesale during the fourth quarter valued at about $35,000. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Robert W. Baird raised their price objective on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Citigroup raised their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. UBS Group raised their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Cowen reiterated a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Finally, Evercore ISI lifted their price target on Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Nine research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,030.43.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $903.92 on Friday. The company has a 50 day moving average price of $989.80 and a 200-day moving average price of $944.47. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.24. The company has a market capitalization of $401.25 billion, a PE ratio of 53.08, a P/E/G ratio of 6.15 and a beta of 0.81.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. As a group, equities analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

Insider Buying and Selling

In other news, CEO Roland Michael Vachris sold 3,600 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. This represents a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.18% of the stock is currently owned by insiders.

Costco Wholesale 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.