Costco Wholesale Co. (NASDAQ:COST) Holdings Reduced by Webster Bank N. A.

Webster Bank N. A. cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 2.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 15,303 shares of the retailer’s stock after selling 325 shares during the period. Costco Wholesale makes up approximately 1.0% of Webster Bank N. A.’s holdings, making the stock its 24th biggest position. Webster Bank N. A.’s holdings in Costco Wholesale were worth $8,812,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Tempus Wealth Planning LLC lifted its position in shares of Costco Wholesale by 1.0% in the fourth quarter. Tempus Wealth Planning LLC now owns 1,962 shares of the retailer’s stock worth $1,114,000 after purchasing an additional 20 shares in the last quarter. Palisades Hudson Asset Management L.P. raised its position in Costco Wholesale by 1.4% during the fourth quarter. Palisades Hudson Asset Management L.P. now owns 1,468 shares of the retailer’s stock worth $833,000 after acquiring an additional 20 shares in the last quarter. Smith Salley & Associates raised its position in Costco Wholesale by 0.5% during the fourth quarter. Smith Salley & Associates now owns 3,861 shares of the retailer’s stock worth $2,192,000 after acquiring an additional 20 shares in the last quarter. Vaughan David Investments LLC IL raised its position in Costco Wholesale by 1.0% during the fourth quarter. Vaughan David Investments LLC IL now owns 2,032 shares of the retailer’s stock worth $1,154,000 after acquiring an additional 20 shares in the last quarter. Finally, Gill Capital Partners LLC raised its position in Costco Wholesale by 2.2% during the fourth quarter. Gill Capital Partners LLC now owns 909 shares of the retailer’s stock worth $516,000 after acquiring an additional 20 shares in the last quarter. 67.52% of the stock is owned by institutional investors and hedge funds.

Several analysts have issued reports on COST shares. Truist Financial upped their price target on shares of Costco Wholesale from $503.00 to $543.00 and gave the stock a “buy” rating in a research report on Friday, May 27th. Tigress Financial upped their price target on shares of Costco Wholesale from $520.00 to $678.00 in a research report on Thursday, April 14th. Evercore ISI upped their price objective on shares of Costco Wholesale from $605.00 to $610.00 in a report on Thursday, April 7th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Costco Wholesale from $530.00 to $525.00 in a report on Wednesday, May 25th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $580.00 price objective on shares of Costco Wholesale in a report on Monday, May 30th. Six research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $569.56.

In other Costco Wholesale news, Director Mary Agnes Wilderotter acquired 850 shares of the company’s stock in a transaction that occurred on Tuesday, June 7th. The stock was acquired at an average price of $470.74 per share, for a total transaction of $400,129.00. Following the acquisition, the director now directly owns 11,295 shares in the company, valued at $5,317,008.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel M. Hines sold 4,498 shares of the stock in a transaction that occurred on Friday, April 8th. The shares were sold at an average price of $603.00, for a total transaction of $2,712,294.00. Following the sale, the insider now directly owns 13,108 shares of the company’s stock, valued at approximately $7,904,124. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,998 shares of company stock valued at $5,278,469. 0.22% of the stock is owned by company insiders.

COST opened at $459.96 on Thursday. The stock has a market capitalization of $203.74 billion, a price-to-earnings ratio of 36.22, a P/E/G ratio of 3.87 and a beta of 0.71. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. Costco Wholesale Co. has a twelve month low of $390.59 and a twelve month high of $612.27. The company has a 50-day simple moving average of $496.50 and a 200 day simple moving average of $522.53.

Costco Wholesale (NASDAQ:COSTGet Rating) last posted its earnings results on Thursday, May 26th. The retailer reported $3.04 EPS for the quarter, topping analysts’ consensus estimates of $3.03 by $0.01. The firm had revenue of $52.60 billion during the quarter, compared to analysts’ expectations of $51.49 billion. Costco Wholesale had a net margin of 2.60% and a return on equity of 29.71%. The business’s revenue for the quarter was up 18.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.75 earnings per share. Sell-side analysts anticipate that Costco Wholesale Co. will post 13.02 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were issued a $0.90 dividend. This represents a $3.60 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date was Thursday, April 28th. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.79. Costco Wholesale’s dividend payout ratio (DPR) is 28.35%.

Costco Wholesale Profile (Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It 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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