Costco Wholesale Co. (NASDAQ:COST) Stock Position Trimmed by Federated Hermes Inc.

Federated Hermes Inc. decreased its position in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 415,746 shares of the retailer's stock after selling 16,218 shares during the period. Costco Wholesale makes up approximately 0.8% of Federated Hermes Inc.'s holdings, making the stock its 16th biggest position. Federated Hermes Inc. owned 0.09% of Costco Wholesale worth $380,936,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

COST has been the subject of a number of research reports. Truist Financial increased their price target on Costco Wholesale from $935.00 to $995.00 and gave the company a "hold" rating in a research note on Friday, March 7th. Robert W. Baird raised their target price on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an "outperform" rating in a research note on Friday, March 7th. JPMorgan Chase & Co. boosted their price target on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an "overweight" rating in a research report on Friday, March 7th. TD Cowen raised their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a "buy" rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company boosted their target price on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an "equal weight" rating in a report on Friday, December 13th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company's stock. According to MarketBeat, Costco Wholesale currently has an average rating of "Moderate Buy" and a consensus target price of $1,029.00.

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Costco Wholesale Trading Down 5.2 %

NASDAQ COST opened at $916.48 on Friday. 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 1-year low of $702.00 and a 1-year high of $1,078.24. The firm's fifty day simple moving average is $988.70 and its 200-day simple moving average is $948.02. The company has a market capitalization of $406.63 billion, a PE ratio of 53.82, a price-to-earnings-growth ratio of 6.15 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST - Get Free Report) last posted its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts' consensus estimates of $4.09 by ($0.07). The firm 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, sell-side analysts anticipate that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Gary Millerchip sold 1,100 shares of the company's stock in a transaction on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now directly owns 11,165 shares in the company, valued at approximately $10,495,211.65. This represents a 8.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Claudine Adamo sold 900 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $922.56, for a total transaction of $830,304.00. Following the transaction, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,600 shares of company stock valued at $5,215,915 over the last ninety days. Corporate insiders own 0.18% of the company's stock.

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.

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