Ossiam Sells 47,435 Shares of Costco Wholesale Co. (NASDAQ:COST)

Ossiam decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 83.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,531 shares of the retailer’s stock after selling 47,435 shares during the period. Ossiam’s holdings in Costco Wholesale were worth $8,733,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in COST. Cromwell Holdings LLC increased its holdings in shares of Costco Wholesale by 0.9% in the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after purchasing an additional 10 shares during the period. 44 Wealth Management LLC boosted its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after acquiring an additional 10 shares during the last quarter. SRN Advisors LLC increased its stake in shares of Costco Wholesale by 0.3% in the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock worth $2,823,000 after acquiring an additional 10 shares during the period. Miramar Capital LLC raised its holdings in shares of Costco Wholesale by 1.9% during the fourth quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock worth $481,000 after purchasing an additional 10 shares during the last quarter. Finally, Clear Investment Research LLC lifted its position in Costco Wholesale by 22.2% during the fourth quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock valued at $51,000 after purchasing an additional 10 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Activity

In other Costco Wholesale news, EVP Claudine Adamo sold 900 shares of the stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $922.56, for a total transaction of $830,304.00. Following the completion of the transaction, the executive vice president now owns 6,987 shares of the company’s stock, valued at $6,445,926.72. This trade represents a 11.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the sale, the chief executive officer now directly owns 41,077 shares in the company, valued at $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,600 shares of company stock valued at $5,215,915 in the last 90 days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ:COST opened at $994.50 on Friday. Costco Wholesale Co. has a one year low of $702.00 and a one year high of $1,078.24. The stock has a market cap of $441.24 billion, a PE ratio of 58.40, a P/E/G ratio of 6.15 and a beta of 0.95. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock has a 50 day moving average price of $975.99 and a 200 day moving average price of $952.32.

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

Costco Wholesale Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Shareholders of record on Friday, May 2nd will be issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.52%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date of this dividend is Friday, May 2nd. Costco Wholesale’s payout ratio is presently 27.09%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research note on Thursday, April 10th. Cowen reissued a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. Truist Financial raised 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. Cfra Research raised shares of Costco Wholesale from a “hold” rating to a “moderate buy” rating in a report on Friday, April 4th. Finally, Robert W. Baird raised their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Ten equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,024.03.

Costco Wholesale Company Profile

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.