Costco Wholesale Co. (NASDAQ:COST) is Everett Harris & Co. CA’s 5th Largest Position

Everett Harris & Co. CA lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 873,937 shares of the retailer’s stock after selling 1,105 shares during the period. Costco Wholesale makes up approximately 8.3% of Everett Harris & Co. CA’s portfolio, making the stock its 5th biggest holding. Everett Harris & Co. CA owned approximately 0.20% of Costco Wholesale worth $576,869,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in COST. Richelieu Gestion SA purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $25,000. Sanctuary Wealth Management L.L.C. purchased a new stake in Costco Wholesale during the 4th quarter worth approximately $26,000. Steph & Co. raised its position in shares of Costco Wholesale by 42.3% in the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after purchasing an additional 22 shares in the last quarter. Valued Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $49,000. Finally, Iron Horse Wealth Management LLC grew its position in shares of Costco Wholesale by 888.9% during the third quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock worth $50,000 after buying an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

COST stock traded up $1.10 during trading on Wednesday, hitting $732.08. The company had a trading volume of 1,245,685 shares, compared to its average volume of 2,165,796. The business has a 50 day moving average of $723.33 and a 200 day moving average of $641.98. The firm has a market capitalization of $324.68 billion, a price-to-earnings ratio of 47.78, a P/E/G 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 fifty-two week low of $476.75 and a fifty-two week high of $787.08.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. During the same period in the prior year, the business posted $3.30 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts predict that Costco Wholesale Co. will post 15.78 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 0.56%. The ex-dividend date of this dividend was Thursday, February 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

Insider Transactions at Costco Wholesale

In related news, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the transaction, the director now directly owns 216,212 shares of the company’s stock, valued at $148,306,297.16. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the transaction, the executive vice president now directly owns 6,695 shares in the company, valued at approximately $4,785,786.85. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Craig Jelinek sold 8,000 shares of the stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total value of $5,487,440.00. Following the completion of the sale, the director now owns 216,212 shares of the company’s stock, valued at approximately $148,306,297.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 15,582 shares of company stock valued at $10,736,778. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Truist Financial boosted their target price on shares of Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. UBS Group increased their target price on Costco Wholesale from $640.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Evercore ISI lifted their target price on Costco Wholesale from $640.00 to $650.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 12th. Stifel Nicolaus upped their price target on Costco Wholesale from $615.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Finally, BMO Capital Markets lifted their price objective on shares of Costco Wholesale from $612.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. Seven equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $668.50.

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.