Costco Wholesale Co. (NASDAQ:COST) Shares Sold by DORCHESTER WEALTH MANAGEMENT Co

DORCHESTER WEALTH MANAGEMENT Co cut its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 0.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,067 shares of the retailer’s stock after selling 73 shares during the period. DORCHESTER WEALTH MANAGEMENT Co’s holdings in Costco Wholesale were worth $5,325,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Richelieu Gestion SA acquired a new position in shares of Costco Wholesale during the fourth quarter worth $25,000. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Costco Wholesale during the fourth quarter worth $26,000. Steph & Co. increased its position in shares of Costco Wholesale by 42.3% in the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after acquiring an additional 22 shares during the period. Valued Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $49,000. Finally, Iron Horse Wealth Management LLC increased its position in shares of Costco Wholesale by 888.9% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 89 shares of the retailer’s stock valued at $50,000 after acquiring an additional 80 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Trading Down 1.2 %

Shares of NASDAQ COST traded down $8.34 during midday trading on Wednesday, reaching $702.96. 839,544 shares of the stock were exchanged, compared to its average volume of 2,130,479. The company has a 50 day simple moving average of $727.00 and a 200 day simple moving average of $647.84. The stock has a market capitalization of $311.76 billion, a P/E ratio of 46.52, a PEG ratio of 4.99 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month high of $787.08.

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 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 business had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. During the same quarter last year, the firm earned $3.30 EPS. The business’s revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts expect that Costco Wholesale Co. will post 15.81 earnings per share for the current year.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on COST shares. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. The Goldman Sachs Group upped their target price on Costco Wholesale from $665.00 to $749.00 and gave the company a “buy” rating in a research report on Thursday, February 8th. DA Davidson upped their target price on Costco Wholesale from $570.00 to $600.00 and gave the company a “neutral” rating in a research report on Friday, December 15th. UBS Group increased their price target on Costco Wholesale from $640.00 to $725.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Finally, Gordon Haskett downgraded Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target on the stock. in a research report on Wednesday. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $672.76.

Read Our Latest Research Report on COST

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $714.83, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Costco Wholesale news, Director W Craig Jelinek sold 8,000 shares of the business’s stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total value of $5,487,440.00. Following the completion of the transaction, the director now owns 216,212 shares in the company, valued at $148,306,297.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Claudine Adamo sold 1,500 shares of Costco Wholesale stock in a transaction on 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 directly owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,582 shares of company stock worth $10,736,778. Insiders own 0.18% of the company’s stock.

Costco Wholesale Company 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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