Sei Investments Co. Has $143.35 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Sei Investments Co. lessened its holdings in Costco Wholesale Co. (NASDAQ:COST - Free Report) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,450 shares of the retailer's stock after selling 2,914 shares during the quarter. Sei Investments Co.'s holdings in Costco Wholesale were worth $143,353,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in COST. Swedbank AB boosted its stake in shares of Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer's stock worth $393,391,000 after buying an additional 6,495 shares during the last quarter. United Bank raised its holdings in Costco Wholesale by 7.5% during the third quarter. United Bank now owns 5,962 shares of the retailer's stock worth $5,285,000 after acquiring an additional 416 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in Costco Wholesale by 17.8% during the third quarter. Integrated Investment Consultants LLC now owns 1,184 shares of the retailer's stock valued at $1,049,000 after purchasing an additional 179 shares during the last quarter. Eagle Asset Management Inc. boosted its position in Costco Wholesale by 16.0% during the third quarter. Eagle Asset Management Inc. now owns 15,652 shares of the retailer's stock valued at $14,772,000 after purchasing an additional 2,156 shares during the last quarter. Finally, 49 Wealth Management LLC grew its stake in Costco Wholesale by 36.5% in the third quarter. 49 Wealth Management LLC now owns 962 shares of the retailer's stock valued at $853,000 after purchasing an additional 257 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

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Insider Buying and Selling at Costco Wholesale

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

Analysts Set New Price Targets

A number of brokerages have recently issued reports on COST. Jefferies Financial Group upped their price objective on Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a "buy" rating in a research note on Thursday, December 5th. Citigroup upped their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a "neutral" rating in a research report on Wednesday, December 18th. Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Monday, March 3rd. BMO Capital Markets upped their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the company an "outperform" rating in a report on Friday, December 13th. Finally, Sanford C. Bernstein reiterated an "outperform" rating on shares of Costco Wholesale in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $1,029.00.

Costco Wholesale Price Performance

Shares of COST stock traded up $4.22 during trading on Tuesday, hitting $930.26. The company had a trading volume of 1,621,482 shares, compared to its average volume of 1,823,339. The firm has a market capitalization of $412.74 billion, a P/E ratio of 54.62, a price-to-earnings-growth ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a one year low of $697.27 and a one year high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The stock's 50-day moving average price is $987.58 and its 200 day moving average price is $945.73.

Costco Wholesale (NASDAQ:COST - Get Free Report) last released its 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). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The company had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Equities analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders 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 dividend on an annualized basis and a yield of 0.50%. Costco Wholesale's payout ratio is 27.09%.

Costco Wholesale 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.