Elo Mutual Pension Insurance Co Sells 1,701 Shares of Costco Wholesale Co. (NASDAQ:COST)

Elo Mutual Pension Insurance Co trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,433 shares of the retailer’s stock after selling 1,701 shares during the period. Costco Wholesale comprises 0.8% of Elo Mutual Pension Insurance Co’s holdings, making the stock its 19th biggest holding. Elo Mutual Pension Insurance Co’s holdings in Costco Wholesale were worth $37,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Costco Wholesale Stock Down 0.1 %

NASDAQ:COST opened at $929.75 on Thursday. 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 Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The business’s fifty day moving average price is $987.96 and its 200 day moving average price is $946.00. The firm has a market capitalization of $412.51 billion, a price-to-earnings ratio of 54.59, a PEG ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share (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 analysts’ expectations of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. On average, sell-side analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.50%. Costco Wholesale’s dividend payout ratio is 27.09%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Truist Financial boosted their price objective on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research report on Friday, March 7th. Roth Mkm upped their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Cowen restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Morgan Stanley boosted their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average price target of $1,029.00.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the transaction, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction 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 sale, 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 disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate 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.