Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 11.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,678 shares of the retailer’s stock after selling 344 shares during the period. Cornerstone Wealth Management LLC’s holdings in Costco Wholesale were worth $1,768,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Advance Capital Management Inc. acquired a new stake in shares of Costco Wholesale in the 4th quarter worth $209,000. Sarasin & Partners LLP lifted its stake in shares of Costco Wholesale by 5.9% in the 4th quarter. Sarasin & Partners LLP now owns 272,213 shares of the retailer’s stock worth $179,682,000 after acquiring an additional 15,238 shares during the period. Sound Income Strategies LLC lifted its stake in shares of Costco Wholesale by 33.4% in the 4th quarter. Sound Income Strategies LLC now owns 671 shares of the retailer’s stock worth $443,000 after acquiring an additional 168 shares during the period. Silvia Mccoll Wealth Management LLC lifted its stake in shares of Costco Wholesale by 15.2% in the 4th quarter. Silvia Mccoll Wealth Management LLC now owns 3,023 shares of the retailer’s stock worth $1,995,000 after acquiring an additional 400 shares during the period. Finally, Nordea Investment Management AB lifted its stake in shares of Costco Wholesale by 0.6% in the 4th quarter. Nordea Investment Management AB now owns 21,113 shares of the retailer’s stock worth $13,910,000 after acquiring an additional 129 shares during the period. Institutional investors and hedge funds own 66.31% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of the stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the sale, the vice president now directly owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction dated 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 transaction, 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 filing with the SEC, which can be accessed through this link. Also, VP Yoram Rubanenko sold 2,500 shares of the firm’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the transaction, the vice president now directly owns 5,910 shares in the company, valued at approximately $4,020,750.30. The disclosure for this sale can be found here. Insiders have sold 16,694 shares of company stock worth $11,493,172 in the last ninety days. 0.18% of the stock is owned by insiders.

Costco Wholesale Price Performance

Shares of COST stock opened at $725.63 on Monday. The company has a market capitalization of $321.98 billion, a PE ratio of 47.46, a price-to-earnings-growth ratio of 5.09 and a beta of 0.77. The firm has a fifty day simple moving average of $714.92 and a 200-day simple moving average of $632.72. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. 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 posted its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $59.11 billion. During the same period in the prior year, the firm posted $3.30 EPS. The firm’s revenue was up 5.7% compared to the same quarter last year. Equities research analysts anticipate that Costco Wholesale Co. will post 15.78 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders 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 yield of 0.56%. Costco Wholesale’s dividend payout ratio (DPR) is 26.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on COST shares. StockNews.com downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Northcoast Research downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price target on the stock. in a report on Wednesday, December 20th. Raymond James upped their price target on shares of Costco Wholesale from $580.00 to $670.00 and gave the company an “outperform” rating in a report on Friday, December 15th. UBS Group upped their price target on shares of Costco Wholesale from $640.00 to $725.00 and gave the company a “buy” rating in a report on Friday, December 15th. Finally, DA Davidson upped their price target on shares of Costco Wholesale from $570.00 to $600.00 and gave the company a “neutral” rating in a report on Friday, December 15th. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $663.29.

Get Our Latest Report on COST

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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