Reynders McVeigh Capital Management LLC Sells 176 Shares of Costco Wholesale Co. (NASDAQ:COST)

Reynders McVeigh Capital Management LLC lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,355 shares of the retailer’s stock after selling 176 shares during the quarter. Reynders McVeigh Capital Management LLC’s holdings in Costco Wholesale were worth $10,405,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Morse Asset Management Inc raised its holdings in Costco Wholesale by 20.1% in the third quarter. Morse Asset Management Inc now owns 7,481 shares of the retailer’s stock worth $6,632,000 after buying an additional 1,254 shares during the last quarter. Anchor Investment Management LLC increased its position in shares of Costco Wholesale by 2.0% during the third quarter. Anchor Investment Management LLC now owns 7,996 shares of the retailer’s stock valued at $7,088,000 after acquiring an additional 157 shares in the last quarter. Fulcrum Equity Management raised its holdings in Costco Wholesale by 76.8% in the 3rd quarter. Fulcrum Equity Management now owns 633 shares of the retailer’s stock worth $561,000 after acquiring an additional 275 shares during the last quarter. Eaton Financial Holdings Company LLC bought a new position in Costco Wholesale in the 3rd quarter valued at approximately $216,000. Finally, Sculati Wealth Management LLC boosted its stake in Costco Wholesale by 0.3% during the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.1 %

COST opened at $963.41 on Friday. 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 one year low of $702.00 and a one year high of $1,078.24. The company has a market cap of $427.45 billion, a P/E ratio of 56.57, a PEG ratio of 6.15 and a beta of 0.95. The business’s 50-day simple moving average is $982.89 and its 200-day simple moving average is $949.47.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data 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 net margin of 2.93% and a return on equity of 32.31%. The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. As a group, equities research analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given 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 dividend yield of 0.48%. Costco Wholesale’s payout ratio is currently 27.09%.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the firm’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 completion of the transaction, the chief executive officer now owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Gary Millerchip sold 1,100 shares of Costco Wholesale stock in a transaction dated Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the sale, the executive vice president now owns 11,165 shares of the company’s stock, valued at approximately $10,495,211.65. This represents a 8.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 5,600 shares of company stock valued at $5,215,915 in the last ninety days. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COST. DA Davidson boosted their price target on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research note on Thursday. Cfra Research upgraded shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research report on Friday, April 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Ten research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,024.03.

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.