Costco Wholesale Co. (NASDAQ:COST) Holdings Lowered by Hudson Value Partners LLC

Hudson Value Partners LLC decreased its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 7,480 shares of the retailer’s stock after selling 16 shares during the period. Costco Wholesale accounts for 2.3% of Hudson Value Partners LLC’s investment portfolio, making the stock its 10th largest position. Hudson Value Partners LLC’s holdings in Costco Wholesale were worth $4,937,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in COST. Richelieu Gestion SA purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $25,000. Morton Brown Family Wealth LLC lifted its holdings in Costco Wholesale by 200.0% in the 4th quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after buying an additional 30 shares during the period. Wetzel Investment Advisors Inc. purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $30,000. Valued Wealth Advisors LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $49,000. Finally, AJOVista LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $72,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale 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 completion of the transaction, the executive vice president now owns 6,695 shares in the company, valued at approximately $4,785,786.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Costco Wholesale news, EVP Claudine Adamo sold 1,500 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 document filed with the SEC, which is available through this link. Also, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 10,000 shares of the company’s stock, valued at $7,228,600. The disclosure for this sale can be found here. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Performance

Shares of NASDAQ COST traded up $13.39 during trading on Friday, reaching $809.73. 1,622,970 shares of the company traded hands, compared to its average volume of 1,621,363. The firm’s fifty day simple moving average is $742.68 and its 200 day simple moving average is $696.37. The stock has a market cap of $359.12 billion, a P/E ratio of 52.96, a PEG ratio of 5.39 and a beta of 0.77. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month high of $816.87. 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 (NASDAQ:COSTGet Free Report) last announced its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The firm had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. During the same quarter in the previous year, the business earned $3.30 EPS. Costco Wholesale’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, research analysts anticipate that Costco Wholesale Co. will post 15.84 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 10th. Investors of record on Friday, April 26th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.57%. The ex-dividend date was Thursday, April 25th. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s payout ratio is currently 30.35%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Roth Mkm lifted their price objective on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Evercore ISI lifted their target price on Costco Wholesale from $810.00 to $820.00 and gave the stock an “outperform” rating in a report on Tuesday, May 14th. Telsey Advisory Group reissued an “outperform” rating and issued a $800.00 target price on shares of Costco Wholesale in a report on Monday, May 6th. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Wells Fargo & Company lifted their price objective on Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $696.88.

Check Out Our Latest Stock Report on COST

Costco Wholesale Profile

(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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