Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,005 shares of the retailer’s stock after selling 174 shares during the quarter. Intrepid Financial Planning Group LLC’s holdings in Costco Wholesale were worth $1,837,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Costco Wholesale by 1.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,808,255 shares of the retailer’s stock valued at $2,489,574,000 after buying an additional 32,074 shares during the last quarter. Nwam LLC purchased a new stake in shares of Costco Wholesale during the third quarter valued at $20,056,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at $8,430,000. GAMMA Investing LLC grew its holdings 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 valued at $7,020,000 after buying an additional 1,001 shares during the last quarter. Finally, Dale Q Rice Investment Management Ltd purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at $984,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 41,077 shares of the company’s stock, valued at $38,242,687. This represents a 8.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 1.5 %

COST stock opened at $903.92 on Friday. The company has a market cap of $401.25 billion, a price-to-earnings ratio of 53.08, a PEG ratio of 6.15 and a beta of 0.81. 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 Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24. The firm has a 50-day moving average of $989.80 and a two-hundred day moving average of $944.47.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business 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, analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the company an “overweight” rating in a report on Friday, March 7th. Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. Citigroup upped their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Truist Financial upped their price target on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a report on Friday, March 7th. Finally, Loop Capital lowered their price target on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating on the stock in a report on Friday, March 7th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,030.43.

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.