Jacobs & Co. CA Sells 1,018 Shares of Costco Wholesale Co. (NASDAQ:COST)

Jacobs & Co. CA trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,196 shares of the retailer’s stock after selling 1,018 shares during the period. Costco Wholesale comprises about 2.4% of Jacobs & Co. CA’s holdings, making the stock its 7th biggest holding. Jacobs & Co. CA’s holdings in Costco Wholesale were worth $24,003,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of the stock. Fermata Advisors LLC raised its holdings in Costco Wholesale by 0.6% during the 3rd quarter. Fermata Advisors LLC now owns 1,968 shares of the retailer’s stock valued at $1,745,000 after buying an additional 11 shares during the last quarter. Sculati Wealth Management LLC raised its stake in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after acquiring an additional 11 shares during the last quarter. Perkins Coie Trust Co boosted its holdings in shares of Costco Wholesale by 0.3% during the third quarter. Perkins Coie Trust Co now owns 4,675 shares of the retailer’s stock worth $4,144,000 after purchasing an additional 12 shares during the period. Firethorn Wealth Partners LLC increased its holdings in Costco Wholesale by 3.5% during the 3rd quarter. Firethorn Wealth Partners LLC now owns 358 shares of the retailer’s stock valued at $318,000 after purchasing an additional 12 shares during the period. Finally, Horizon Wealth Management LLC raised its position in Costco Wholesale by 4.7% during the 3rd quarter. Horizon Wealth Management LLC now owns 268 shares of the retailer’s stock valued at $237,000 after purchasing an additional 12 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Activity

In related news, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $894.68, for a total transaction of $1,266,866.88. Following the sale, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the sale, the executive vice president now directly owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 16.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

COST traded up $11.04 during trading on Friday, hitting $938.41. 1,775,963 shares of the company traded hands, compared to its average volume of 1,790,675. The company has a market cap of $416.56 billion, a PE ratio of 55.10, a P/E/G ratio of 6.02 and a beta of 0.84. Costco Wholesale Co. has a 1 year low of $667.64 and a 1 year high of $1,008.25. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. The stock’s 50-day simple moving average is $946.73 and its two-hundred day simple moving average is $897.99.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.49%. Costco Wholesale’s payout ratio is currently 27.25%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. DA Davidson upped their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a report on Friday, December 13th. UBS Group raised their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. Melius Research started coverage on Costco Wholesale in a research report on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective on the stock. Finally, StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

About Costco Wholesale

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.