Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC decreased its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 3.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,138 shares of the retailer’s stock after selling 43 shares during the quarter. Integrated Investment Consultants LLC’s holdings in Costco Wholesale were worth $751,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in COST. Moneta Group Investment Advisors LLC raised its stake in shares of Costco Wholesale by 118,320.2% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock valued at $3,376,513,000 after buying an additional 7,390,278 shares during the last quarter. Norges Bank purchased a new position in shares of Costco Wholesale during the 4th quarter valued at about $2,328,844,000. Morgan Stanley raised its stake in shares of Costco Wholesale by 18.0% during the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock valued at $3,941,708,000 after buying an additional 1,315,174 shares during the last quarter. Barclays PLC raised its stake in shares of Costco Wholesale by 172.6% during the 2nd quarter. Barclays PLC now owns 1,357,548 shares of the retailer’s stock valued at $730,877,000 after buying an additional 859,599 shares during the last quarter. Finally, C WorldWide Group Holding A S purchased a new position in shares of Costco Wholesale during the 3rd quarter valued at about $390,630,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ:COST traded down $8.22 during mid-day trading on Wednesday, reaching $703.08. The stock had a trading volume of 367,519 shares, compared to its average volume of 2,123,250. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The firm has a market capitalization of $311.82 billion, a price-to-earnings ratio of 46.52, a PEG ratio of 4.99 and a beta of 0.77. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month high of $787.08. The business has a 50 day simple moving average of $727.00 and a 200 day simple moving average of $647.84.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (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 company had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. During the same period last year, the company posted $3.30 earnings per share. The firm’s quarterly revenue was up 5.7% compared to the same quarter last year. On average, analysts expect that Costco Wholesale Co. will post 15.81 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were issued a $1.02 dividend. 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 0.58%. Costco Wholesale’s dividend payout ratio (DPR) is presently 26.68%.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. StockNews.com lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Telsey Advisory Group boosted their target price on Costco Wholesale from $750.00 to $785.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. BMO Capital Markets boosted their target price on Costco Wholesale from $612.00 to $700.00 and gave the stock an “outperform” rating in a report on Friday, December 15th. Evercore ISI boosted their target price on Costco Wholesale from $640.00 to $650.00 and gave the stock an “outperform” rating in a report on Tuesday, December 12th. Finally, UBS Group boosted their target price on Costco Wholesale from $640.00 to $725.00 and gave the stock a “buy” rating in a report on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus target price of $672.76.

View Our Latest Stock Analysis on Costco Wholesale

Insider Transactions at Costco Wholesale

In other news, Director W Craig Jelinek sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the completion of the transaction, the director now directly owns 216,212 shares of the company’s stock, valued at approximately $148,306,297.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of Costco Wholesale stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the transaction, the vice president now owns 5,910 shares in the company, valued at approximately $4,020,750.30. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale stock in a transaction on Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the completion of the transaction, the director now owns 216,212 shares in the company, valued at approximately $148,306,297.16. The disclosure for this sale can be found here. Insiders sold a total of 15,582 shares of company stock valued at $10,736,778 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

About Costco Wholesale

(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.

Further Reading

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTFree Report).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.