Bryn Mawr Capital Management LLC Sells 411 Shares of Costco Wholesale Co. (NASDAQ:COST)

Bryn Mawr Capital Management LLC decreased its position in Costco Wholesale Co. (NASDAQ:COST) by 6.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,361 shares of the retailer’s stock after selling 411 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Costco Wholesale were worth $4,198,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Impact Partnership Wealth LLC lifted its holdings in Costco Wholesale by 63.8% in the 3rd quarter. Impact Partnership Wealth LLC now owns 113 shares of the retailer’s stock worth $64,000 after purchasing an additional 44 shares during the last quarter. Advisory Alpha LLC lifted its holdings in Costco Wholesale by 9.1% in the 3rd quarter. Advisory Alpha LLC now owns 2,178 shares of the retailer’s stock worth $1,231,000 after purchasing an additional 182 shares during the last quarter. Keudell Morrison Wealth Management lifted its holdings in Costco Wholesale by 1.0% in the 3rd quarter. Keudell Morrison Wealth Management now owns 2,192 shares of the retailer’s stock worth $1,239,000 after purchasing an additional 22 shares during the last quarter. LS Investment Advisors LLC lifted its holdings in Costco Wholesale by 51.3% in the 3rd quarter. LS Investment Advisors LLC now owns 5,033 shares of the retailer’s stock worth $2,843,000 after purchasing an additional 1,707 shares during the last quarter. Finally, Clarity Financial LLC lifted its holdings in Costco Wholesale by 1.7% in the 3rd quarter. Clarity Financial LLC now owns 27,357 shares of the retailer’s stock worth $15,455,000 after purchasing an additional 452 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other news, Director Susan L. Decker sold 1,442 shares of the stock in a transaction on Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the sale, the director now owns 12,395 shares in the company, valued at $8,967,534.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $714.83, for a total value of $1,072,245.00. Following the transaction, the executive vice president now owns 6,695 shares in the company, valued at $4,785,786.85. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares in the company, valued at approximately $8,967,534.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,727 shares of company stock worth $2,682,948. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST traded up $7.32 during trading hours on Friday, reaching $729.18. The company had a trading volume of 1,523,745 shares, compared to its average volume of 2,055,590. The stock has a 50-day moving average of $730.41 and a two-hundred day moving average of $666.04. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $787.08. The firm has a market capitalization of $323.39 billion, a PE ratio of 47.69, a PEG ratio of 4.82 and a beta of 0.77. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. The firm had revenue of $58.44 billion for 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 business’s revenue was up 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted $3.30 earnings per share. Analysts forecast that Costco Wholesale Co. will post 15.84 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Thursday, April 25th. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio is presently 26.68%.

Analysts Set New Price Targets

Several research firms recently weighed in on COST. Tigress Financial boosted their target price on Costco Wholesale from $745.00 to $870.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target for the company. in a report on Wednesday, April 3rd. Roth Mkm upped their price target on Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a report on Thursday, April 11th. Evercore ISI upped their price target on Costco Wholesale from $795.00 to $805.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. Finally, The Goldman Sachs Group upped their price target on Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $694.48.

About Costco Wholesale

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.