AXQ Capital LP Sells 2,425 Shares of Costco Wholesale Co. (NASDAQ:COST)

AXQ Capital LP decreased its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 74.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 829 shares of the retailer's stock after selling 2,425 shares during the period. AXQ Capital LP's holdings in Costco Wholesale were worth $760,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in COST. RPg Family Wealth Advisory LLC bought a new stake in Costco Wholesale in the third quarter worth about $29,000. Synergy Investment Management LLC acquired a new position in shares of Costco Wholesale in the 4th quarter worth approximately $31,000. NewSquare Capital LLC raised its holdings in shares of Costco Wholesale by 250.0% in the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after purchasing an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. acquired a new stake in Costco Wholesale during the fourth quarter valued at approximately $33,000. Finally, Collier Financial bought a new stake in Costco Wholesale during the fourth quarter worth approximately $35,000. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 900 shares of the business's stock in a transaction dated Monday, March 24th. The stock was 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 directly owns 6,987 shares in the company, valued at approximately $6,445,926.72. The trade was a 11.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction 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 disclosure for this sale can be found here. 0.18% of the stock is currently owned by company insiders.

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Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent research reports. Oppenheimer restated an "outperform" rating and issued a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Citigroup lifted their price target on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research note on Wednesday, December 18th. Cowen reaffirmed a "buy" rating on shares of Costco Wholesale in a research note on Friday, March 7th. BMO Capital Markets lifted their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Finally, Barclays boosted their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an "equal weight" rating in a report on Monday, March 10th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $1,029.00.

Costco Wholesale Price Performance

Costco Wholesale stock traded up $4.22 during trading hours on Tuesday, hitting $930.26. 1,621,482 shares of the stock were exchanged, compared to its average volume of 1,824,217. The stock has a market capitalization of $412.74 billion, a P/E ratio of 54.62, a P/E/G ratio of 6.15 and a beta of 0.82. The business's 50-day moving average is $987.84 and its two-hundred day moving average is $946.11. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. Costco Wholesale Co. has a 12 month low of $697.27 and a 12 month high of $1,078.24.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. The business had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Equities research analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. Costco Wholesale's dividend payout ratio (DPR) is currently 27.09%.

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.