Costco Wholesale Co. (NASDAQ:COST) Shares Sold by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH lowered its position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 39,854 shares of the retailer’s stock after selling 669 shares during the quarter. Costco Wholesale comprises 4.8% of North Point Portfolio Managers Corp OH’s holdings, making the stock its largest position. North Point Portfolio Managers Corp OH’s holdings in Costco Wholesale were worth $26,307,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its position in Costco Wholesale by 1.8% in the second quarter. State Street Corp now owns 19,108,655 shares of the retailer’s stock valued at $10,287,718,000 after acquiring an additional 333,308 shares during the last quarter. Morgan Stanley lifted its position in Costco Wholesale by 18.0% in the fourth quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock valued at $3,941,708,000 after acquiring an additional 1,315,174 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its position in Costco Wholesale by 118,320.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock valued at $3,376,513,000 after acquiring an additional 7,390,278 shares during the last quarter. Northern Trust Corp lifted its position in Costco Wholesale by 4.3% in the third quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer’s stock valued at $2,901,040,000 after acquiring an additional 210,586 shares during the last quarter. Finally, Norges Bank purchased a new stake in Costco Wholesale in the fourth quarter valued at $2,328,844,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director W Craig Jelinek sold 8,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the transaction, the director now owns 216,212 shares of the company’s stock, valued at $148,306,297.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Costco Wholesale news, EVP Caton Frates sold 740 shares of the stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $683.50, for a total transaction of $505,790.00. Following the transaction, the executive vice president now owns 6,721 shares of the company’s stock, valued at $4,593,803.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director W Craig Jelinek sold 8,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the transaction, the director now directly owns 216,212 shares in the company, valued at approximately $148,306,297.16. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,582 shares of company stock valued at $10,736,778. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 1.2 %

Shares of COST traded down $8.34 on Wednesday, hitting $702.96. 839,544 shares of the stock traded hands, compared to its average volume of 2,130,479. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $311.76 billion, a P/E ratio of 45.98, a P/E/G ratio of 4.99 and a beta of 0.77. The stock’s 50 day moving average is $727.00 and its two-hundred day moving average is $647.84. Costco Wholesale Co. has a 1 year low of $476.75 and a 1 year high of $787.08.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.09. The business had revenue of $58.44 billion for the quarter, compared to the consensus estimate of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company’s quarterly revenue was up 5.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 earnings per share. As a group, sell-side analysts predict that Costco Wholesale Co. will post 15.81 earnings per share for the current year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 0.58%. The ex-dividend date was Thursday, February 1st. Costco Wholesale’s payout ratio is 26.68%.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research reports. StockNews.com cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, March 8th. DA Davidson boosted their price target on shares of Costco Wholesale from $570.00 to $600.00 and gave the stock a “neutral” rating in a research note on Friday, December 15th. Gordon Haskett lowered shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target on the stock. in a research note on Wednesday. The Goldman Sachs Group boosted their price target on shares of Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Oppenheimer boosted their price target on shares of Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $672.76.

Check Out Our Latest Report on COST

About Costco Wholesale

(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.

Further Reading

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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