Costco Wholesale Corporation (NASDAQ:COST) Shares Sold by Burke & Herbert Bank & Trust Co.

Burke & Herbert Bank & Trust Co. trimmed its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 3.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,999 shares of the retailer’s stock after selling 69 shares during the quarter. Burke & Herbert Bank & Trust Co.’s holdings in Costco Wholesale were worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Miramar Capital LLC lifted its stake in shares of Costco Wholesale by 1.9% in the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock valued at $481,000 after purchasing an additional 10 shares during the last quarter. Clear Investment Research LLC lifted its position in Costco Wholesale by 22.2% during the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after acquiring an additional 10 shares during the last quarter. Peninsula Wealth LLC lifted its position in Costco Wholesale by 1.2% during the 4th quarter. Peninsula Wealth LLC now owns 818 shares of the retailer’s stock worth $749,000 after acquiring an additional 10 shares during the last quarter. Bosun Asset Management LLC lifted its position in Costco Wholesale by 1.6% during the 4th quarter. Bosun Asset Management LLC now owns 636 shares of the retailer’s stock worth $583,000 after acquiring an additional 10 shares during the last quarter. Finally, Lifeworks Advisors LLC increased its holdings in shares of Costco Wholesale by 1.2% during the 4th quarter. Lifeworks Advisors LLC now owns 895 shares of the retailer’s stock worth $820,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the sale, the director directly owned 11,531 shares of the company’s stock, valued at $11,300,380. The trade was a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Pierre Riel sold 2,000 shares of the business’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total transaction of $2,028,300.00. Following the sale, the executive vice president directly owned 8,210 shares in the company, valued at $8,326,171.50. The trade was a 19.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,547 shares of company stock valued at $9,496,950. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Price Performance

Shares of Costco Wholesale stock opened at $986.27 on Friday. Costco Wholesale Corporation has a twelve month low of $793.00 and a twelve month high of $1,078.24. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The company has a 50-day simple moving average of $1,005.20 and a two-hundred day simple moving average of $981.20. The stock has a market capitalization of $437.39 billion, a price-to-earnings ratio of 55.94, a price-to-earnings-growth ratio of 6.14 and a beta of 0.97.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, topping the consensus estimate of $4.24 by $0.04. The business had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. Costco Wholesale’s revenue for the quarter was up 8.0% on a year-over-year basis. During the same period in the prior year, the company earned $3.78 EPS. Analysts forecast that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 16th. Stockholders of record on Friday, May 2nd were paid a $1.30 dividend. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.16. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, May 2nd. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.50%.

Analysts Set New Price Targets

COST has been the topic of several research reports. Loop Capital dropped their price objective on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. Evercore ISI reduced their price target on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 17th. Wall Street Zen upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Mizuho began coverage on shares of Costco Wholesale in a report on Friday, April 11th. They issued a “neutral” rating and a $975.00 price objective on the stock. Finally, Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research note on Thursday, May 29th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $1,034.79.

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.