Costco Wholesale Co. (NASDAQ:COST) is Duncker Streett & Co. Inc.’s 9th Largest Position

Duncker Streett & Co. Inc. trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,763 shares of the retailer’s stock after selling 204 shares during the period. Costco Wholesale comprises approximately 1.6% of Duncker Streett & Co. Inc.’s holdings, making the stock its 9th biggest holding. Duncker Streett & Co. Inc.’s holdings in Costco Wholesale were worth $7,765,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of COST. Howard Financial Services LTD. lifted its stake in Costco Wholesale by 1.8% during the fourth quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock valued at $574,000 after purchasing an additional 15 shares during the last quarter. First National Corp MA ADV raised its holdings in shares of Costco Wholesale by 0.5% during the fourth quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock valued at $2,045,000 after acquiring an additional 15 shares during the period. Morton Capital Management LLC CA raised its holdings in shares of Costco Wholesale by 1.0% during the fourth quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock valued at $1,032,000 after acquiring an additional 15 shares during the period. Insight Advisors LLC PA raised its holdings in shares of Costco Wholesale by 0.6% during the fourth quarter. Insight Advisors LLC PA now owns 2,736 shares of the retailer’s stock valued at $1,807,000 after acquiring an additional 15 shares during the period. Finally, Optas LLC raised its holdings in shares of Costco Wholesale by 0.6% during the fourth quarter. Optas LLC now owns 2,383 shares of the retailer’s stock valued at $1,573,000 after acquiring an additional 15 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Costco Wholesale

In other news, VP Yoram Rubanenko sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the transaction, the vice president now directly owns 5,910 shares of the company’s stock, valued at approximately $4,020,750.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, VP Yoram Rubanenko sold 2,500 shares of the stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the sale, the vice president now owns 5,910 shares in the company, valued at approximately $4,020,750.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction dated 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 sale, the executive vice president now owns 6,695 shares of the company’s stock, valued at approximately $4,785,786.85. The disclosure for this sale can be found here. In the last three months, insiders sold 13,442 shares of company stock valued at $9,303,768. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST traded up $0.66 during trading hours on Wednesday, hitting $716.63. 201,680 shares of the stock were exchanged, compared to its average volume of 2,084,806. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. The company’s 50 day moving average is $730.92 and its 200 day moving average is $658.84. The firm has a market capitalization of $317.83 billion, a P/E ratio of 46.83, a P/E/G ratio of 4.78 and a beta of 0.77. Costco Wholesale Co. has a one year low of $476.75 and a one year high of $787.08.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The firm had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. During the same period in the prior year, the firm earned $3.30 EPS. The business’s revenue was up 5.7% on a year-over-year basis. On average, research analysts expect that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.65%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date is Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent analyst reports. Truist Financial boosted their price target on shares of Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a report on Thursday, December 21st. The Goldman Sachs Group upped their price objective on shares of Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a research note on Thursday, February 8th. Telsey Advisory Group reiterated an “outperform” rating and issued a $800.00 price objective on shares of Costco Wholesale in a research note on Thursday, April 11th. Roth Mkm upped their price objective on shares of Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Finally, StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $691.28.

Costco Wholesale Company Profile

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.