Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Sei Investments Co.

Sei Investments Co. trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 156,450 shares of the retailer’s stock after selling 2,914 shares during the period. Sei Investments Co.’s holdings in Costco Wholesale were worth $143,353,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Nwam LLC acquired a new stake in shares of Costco Wholesale during the third quarter worth $20,056,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $8,430,000. GAMMA Investing LLC lifted its stake in shares of Costco Wholesale by 15.0% during the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock worth $7,020,000 after buying an additional 1,001 shares during the period. Dale Q Rice Investment Management Ltd acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $984,000. Finally, Stanich Group LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $214,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

COST opened at $909.26 on Friday. The firm has a market capitalization of $403.42 billion, a PE ratio of 53.39, a PEG ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a twelve month low of $697.27 and a twelve month high of $1,078.24. The firm’s 50-day moving average price is $987.55 and its 200 day moving average price is $944.60. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). The firm had revenue of $63.72 billion during the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. As a group, sell-side analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.16 dividend. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.51%. Costco Wholesale’s payout ratio is 27.09%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the transaction, the chief executive officer now directly owns 41,077 shares in the company, valued at $38,242,687. The trade was a 8.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.18% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Truist Financial lifted their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a research note on Friday, March 7th. Stifel Nicolaus decreased their target price on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating for the company in a research report on Thursday. JPMorgan Chase & Co. boosted their target price on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a research report on Friday, March 7th. TD Cowen boosted their target price on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Finally, Roth Mkm lifted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

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.