Haverford Trust Co Decreases Holdings in Costco Wholesale Co. (NASDAQ:COST)

Haverford Trust Co reduced its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.9% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 343,745 shares of the retailer’s stock after selling 3,105 shares during the quarter. Costco Wholesale accounts for about 2.5% of Haverford Trust Co’s investment portfolio, making the stock its 8th largest position. Haverford Trust Co owned 0.08% of Costco Wholesale worth $226,899,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Alpha Omega Group Inc. bought a new position in Costco Wholesale in the 4th quarter worth about $203,000. EFG Asset Management North America Corp. increased its position in shares of Costco Wholesale by 108.8% during the 4th quarter. EFG Asset Management North America Corp. now owns 8,994 shares of the retailer’s stock valued at $5,938,000 after purchasing an additional 4,686 shares during the last quarter. WealthTrust Asset Management LLC bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $1,147,000. Oxbow Advisors LLC increased its position in shares of Costco Wholesale by 73.9% during the 4th quarter. Oxbow Advisors LLC now owns 2,354 shares of the retailer’s stock valued at $1,554,000 after purchasing an additional 1,000 shares during the last quarter. Finally, Sound View Wealth Advisors Group LLC increased its position in shares of Costco Wholesale by 3.3% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 5,606 shares of the retailer’s stock valued at $3,700,000 after purchasing an additional 180 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on COST shares. DA Davidson reiterated a “neutral” rating and set a $680.00 price objective on shares of Costco Wholesale in a research report on Thursday, April 11th. Evercore ISI raised their price target on Costco Wholesale from $810.00 to $820.00 and gave the stock an “outperform” rating in a research report on Tuesday. Oppenheimer raised their price target on Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. The Goldman Sachs Group raised their price target on Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a research report on Thursday, February 8th. Finally, StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, April 12th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $695.08.

Get Our Latest Report on COST

Costco Wholesale Stock Up 0.3 %

Shares of COST traded up $2.74 on Friday, reaching $795.81. The stock had a trading volume of 1,256,039 shares, compared to its average volume of 1,999,795. The firm has a market capitalization of $352.94 billion, a price-to-earnings ratio of 52.05, a price-to-earnings-growth ratio of 5.24 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The company has a 50-day simple moving average of $734.09 and a 200-day simple moving average of $685.45. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month high of $804.56.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. The company had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.30 EPS. Sell-side analysts predict that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were issued a $1.16 dividend. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date was Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.58%. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.35%.

Insiders Place Their Bets

In related news, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at $7,228,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction on Monday, March 11th. The stock was 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 $4,785,786.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Russell D. Miller sold 785 shares of Costco Wholesale stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at $7,228,600. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

About Costco Wholesale

(Free Report)

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.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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