Boston Family Office LLC Sells 362 Shares of Costco Wholesale Co. (NASDAQ:COST)

Boston Family Office LLC cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST - Free Report) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,487 shares of the retailer's stock after selling 362 shares during the quarter. Boston Family Office LLC's holdings in Costco Wholesale were worth $11,441,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Synergy Investment Management LLC bought a new position in Costco Wholesale during the 4th quarter worth approximately $31,000. NewSquare Capital LLC increased its position in shares of Costco Wholesale by 250.0% during the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer's stock worth $32,000 after buying an additional 25 shares during the period. Endeavor Private Wealth Inc. bought a new position in Costco Wholesale during the fourth quarter worth $33,000. Collier Financial acquired a new position in Costco Wholesale in the fourth quarter valued at $35,000. Finally, Barrett & Company Inc. lifted its stake in shares of Costco Wholesale by 59.3% in the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer's stock valued at $39,000 after purchasing an additional 16 shares during the period. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST traded up $2.41 during trading on Thursday, hitting $967.49. The company had a trading volume of 2,360,375 shares, compared to its average volume of 1,947,367. The stock has a 50 day simple moving average of $988.67 and a 200 day simple moving average of $947.48. The firm has a market capitalization of $429.26 billion, a P/E ratio of 56.74, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. 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.

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

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were given a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.48%. Costco Wholesale's payout ratio is 27.09%.

Insider Transactions at Costco Wholesale

In other news, CEO Roland Michael Vachris sold 3,600 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 41,077 shares in the company, valued at approximately $38,242,687. This represents a 8.06 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Claudine Adamo sold 900 shares of Costco Wholesale stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total value 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 approximately $6,445,926.72. This represents a 11.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on COST shares. Oppenheimer reiterated an "outperform" rating and set a $1,075.00 price objective (up previously from $980.00) on shares of Costco Wholesale in a report on Tuesday, December 10th. Sanford C. Bernstein reissued an "outperform" rating on shares of Costco Wholesale in a research note on Friday, March 7th. Loop Capital lowered their target price on Costco Wholesale from $1,150.00 to $1,135.00 and set a "buy" rating on the stock in a research report on Friday, March 7th. Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, March 3rd. Finally, Stifel Nicolaus dropped their price objective on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a "buy" rating on the stock in a research note on Thursday, March 20th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of "Moderate Buy" and an average target price of $1,029.00.

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.