Financial Network Wealth Management LLC Sells 29 Shares of Costco Wholesale Co. (NASDAQ:COST)

Financial Network Wealth Management LLC decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,947 shares of the retailer’s stock after selling 29 shares during the quarter. Costco Wholesale comprises about 1.0% of Financial Network Wealth Management LLC’s portfolio, making the stock its 19th largest holding. Financial Network Wealth Management LLC’s holdings in Costco Wholesale were worth $2,700,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of COST. RPg Family Wealth Advisory LLC purchased a new position in shares of Costco Wholesale during the third quarter valued at about $29,000. Synergy Investment Management LLC purchased a new position in Costco Wholesale during the 4th quarter valued at approximately $31,000. NewSquare Capital LLC increased its stake in Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock worth $32,000 after acquiring an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. bought a new stake in Costco Wholesale in the 4th quarter worth approximately $33,000. Finally, Collier Financial bought a new stake in Costco Wholesale in the 4th quarter worth approximately $35,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of COST stock opened at $895.40 on Friday. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The stock has a market capitalization of $397.47 billion, a price-to-earnings ratio of 52.58, a P/E/G ratio of 6.15 and a beta of 0.82. The stock has a fifty day simple moving average of $988.11 and a two-hundred day simple moving average of $944.49. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

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

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is currently 27.09%.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on COST. Roth Mkm lifted their price objective on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. UBS Group boosted their target price 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. Morgan Stanley boosted their target price on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research report on Friday, December 13th. Stifel Nicolaus cut their target price on Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Jefferies Financial Group boosted their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,029.00.

Insider Buying and Selling at Costco Wholesale

In related news, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the transaction, the chief executive officer now owns 41,077 shares in the company, valued at $38,242,687. The trade was a 8.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by insiders.

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.