Cahaba Wealth Management Inc. Has $727,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

Cahaba Wealth Management Inc. trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,101 shares of the retailer’s stock after selling 59 shares during the quarter. Cahaba Wealth Management Inc.’s holdings in Costco Wholesale were worth $727,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the company. Buck Wealth Strategies LLC lifted its holdings in Costco Wholesale by 36.4% in the 4th quarter. Buck Wealth Strategies LLC now owns 532 shares of the retailer’s stock worth $352,000 after purchasing an additional 142 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its holdings in Costco Wholesale by 4.6% in the 4th quarter. Regent Peak Wealth Advisors LLC now owns 1,674 shares of the retailer’s stock worth $1,105,000 after purchasing an additional 73 shares during the last quarter. Unionview LLC lifted its holdings in shares of Costco Wholesale by 5.0% during the fourth quarter. Unionview LLC now owns 2,092 shares of the retailer’s stock worth $1,381,000 after buying an additional 100 shares during the last quarter. Stonegate Investment Group LLC lifted its holdings in shares of Costco Wholesale by 0.9% during the fourth quarter. Stonegate Investment Group LLC now owns 83,894 shares of the retailer’s stock worth $55,377,000 after buying an additional 770 shares during the last quarter. Finally, FAS Wealth Partners Inc. lifted its holdings in shares of Costco Wholesale by 22.3% during the fourth quarter. FAS Wealth Partners Inc. now owns 6,091 shares of the retailer’s stock worth $4,020,000 after buying an additional 1,109 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 1.4 %

Shares of Costco Wholesale stock traded down $9.94 during trading hours on Tuesday, hitting $711.30. The company’s stock had a trading volume of 2,324,582 shares, compared to its average volume of 2,153,023. Costco Wholesale Co. has a 12 month low of $476.75 and a 12 month high of $787.08. The stock has a 50 day moving average of $726.52 and a 200 day moving average of $646.75. The company has a market capitalization of $315.46 billion, a PE ratio of 46.52, a price-to-earnings-growth ratio of 5.07 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43.

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

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were issued a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.57%. Costco Wholesale’s payout ratio is presently 26.68%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Tigress Financial boosted their price objective on Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a research report on Friday, March 15th. Stifel Nicolaus boosted their price objective on Costco Wholesale from $615.00 to $675.00 and gave the company a “buy” rating in a research report on Friday, December 15th. The Goldman Sachs Group boosted their price objective on Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. BMO Capital Markets upped their price target on Costco Wholesale from $612.00 to $700.00 and gave the company an “outperform” rating in a research note on Friday, December 15th. Finally, Truist Financial upped their price target on Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a research note on Thursday, December 21st. Seven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $668.50.

View Our Latest Analysis on COST

Insider Buying and Selling

In related news, VP Yoram Rubanenko sold 2,500 shares of the stock in a transaction dated Thursday, January 18th. The stock was 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 in the company, valued at $4,020,750.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, VP Yoram Rubanenko sold 2,500 shares of the stock in a transaction dated Thursday, January 18th. The stock was 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 in the company, valued at $4,020,750.30. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director W Craig Jelinek sold 8,000 shares of the stock in a transaction dated Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total value 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 disclosure for this sale can be found here. Over the last three months, insiders sold 15,582 shares of company stock worth $10,736,778. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Profile

(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.

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

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