Triasima Portfolio Management inc. Sells 149 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Triasima Portfolio Management inc. lessened its stake in Costco Wholesale Corporation (NASDAQ:COST) by 4.2% in the first quarter, HoldingsChannel reports. The firm owned 3,389 shares of the retailer’s stock after selling 149 shares during the period. Triasima Portfolio Management inc.’s holdings in Costco Wholesale were worth $3,205,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in COST. Personal CFO Solutions LLC grew its stake in Costco Wholesale by 12.4% during the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock valued at $1,436,000 after acquiring an additional 167 shares in the last quarter. Geode Capital Management LLC grew its holdings in Costco Wholesale by 2.7% in the fourth quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer’s stock worth $8,901,249,000 after purchasing an additional 252,118 shares during the last quarter. F&V Capital Management LLC purchased a new position in shares of Costco Wholesale during the 1st quarter valued at about $236,000. Graybill Wealth Management LTD. acquired a new position in Costco Wholesale during the first quarter worth $3,095,000. Finally, Umpqua Bank grew its holdings in shares of Costco Wholesale by 14.7% during the fourth quarter. Umpqua Bank now owns 4,507 shares of the retailer’s stock worth $4,134,000 after buying an additional 577 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Pierre Riel sold 2,000 shares of the 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 value of $2,028,300.00. Following the completion of the sale, the executive vice president directly owned 8,210 shares of the company’s stock, valued at approximately $8,326,171.50. This represents a 19.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP James C. Klauer sold 4,000 shares of the business’s stock in a transaction dated Thursday, April 17th. The shares were sold at an average price of $981.07, for a total value of $3,924,280.00. Following the transaction, the executive vice president owned 43,994 shares in the company, valued at $43,161,193.58. This represents a 8.33% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 13,547 shares of company stock valued at $13,396,790. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Price Performance

Shares of COST opened at $967.68 on Wednesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The firm has a market capitalization of $429.15 billion, a price-to-earnings ratio of 54.89, a price-to-earnings-growth ratio of 6.10 and a beta of 0.97. Costco Wholesale Corporation has a one year low of $793.00 and a one year high of $1,078.24. The stock’s fifty day moving average is $1,002.24 and its 200-day moving average is $982.43.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share for the quarter, beating analysts’ consensus estimates of $4.24 by $0.04. The company had revenue of $63.21 billion for 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%. The firm’s quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.78 EPS. Equities analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Wall Street Zen upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Truist Financial lifted their price objective on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Evercore ISI lowered their target price on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating for the company in a report on Tuesday, June 17th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Thursday, July 10th. Finally, Cfra Research raised Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Nine analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $1,037.48.

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.