Welch Group LLC Sells 23 Shares of Costco Wholesale Co. (NASDAQ:COST)

Welch Group LLC lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 1.3% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,726 shares of the retailer’s stock after selling 23 shares during the period. Welch Group LLC’s holdings in Costco Wholesale were worth $1,139,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. raised its stake in Costco Wholesale by 1.0% in the third quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock valued at $16,302,000 after buying an additional 273 shares during the period. Keating Investment Counselors Inc. lifted its stake in Costco Wholesale by 43.0% during the third quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock worth $1,493,000 after purchasing an additional 795 shares during the last quarter. Rice Partnership LLC lifted its stake in Costco Wholesale by 21.0% during the third quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock worth $6,633,000 after purchasing an additional 2,038 shares during the last quarter. Cyndeo Wealth Partners LLC lifted its stake in Costco Wholesale by 79.6% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 10,358 shares of the retailer’s stock worth $6,837,000 after purchasing an additional 4,592 shares during the last quarter. Finally, Resources Management Corp CT ADV lifted its stake in Costco Wholesale by 1,396.0% during the second quarter. Resources Management Corp CT ADV now owns 14,960 shares of the retailer’s stock worth $8,054,000 after purchasing an additional 13,960 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of several recent analyst reports. Raymond James upped their target price on Costco Wholesale from $580.00 to $670.00 and gave the stock an “outperform” rating in a research note on Friday, December 15th. DA Davidson increased their price target on Costco Wholesale from $570.00 to $600.00 and gave the company a “neutral” rating in a research note on Friday, December 15th. Tigress Financial increased their price target on Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Northcoast Research cut Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price target for the company. in a research note on Wednesday, December 20th. Finally, StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $668.50.

Check Out Our Latest Analysis on COST

Costco Wholesale Trading Down 1.4 %

Shares of COST stock traded down $9.94 during trading hours on Tuesday, reaching $711.30. 2,309,945 shares of the stock were exchanged, compared to its average volume of 2,140,875. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month high of $787.08. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. The company’s 50-day moving average price is $726.52 and its 200-day moving average price is $646.75. The firm has a market capitalization of $315.46 billion, a price-to-earnings ratio of 46.60, a price-to-earnings-growth ratio of 5.07 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping 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 analysts’ expectations of $59.11 billion. During the same period in the previous year, the company earned $3.30 EPS. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. As a group, equities analysts anticipate that Costco Wholesale Co. will post 15.81 earnings per share for the current year.

Costco Wholesale Announces Dividend

The company also recently declared 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. 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 dividend payout ratio is presently 26.68%.

Insider Buying and Selling

In related news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the sale, the executive vice president now owns 6,695 shares in the company, valued at approximately $4,785,786.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the sale, the director now owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Claudine Adamo sold 1,500 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the sale, the executive vice president now directly owns 6,695 shares in the company, valued at $4,785,786.85. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,582 shares of company stock valued at $10,736,778. Company insiders own 0.18% of the company’s stock.

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.

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

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