Vicus Capital Trims Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Vicus Capital lessened its holdings in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 36.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 330 shares of the retailer’s stock after selling 190 shares during the period. Vicus Capital’s holdings in Costco Wholesale were worth $218,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. Criterion Capital Advisors LLC acquired a new stake in Costco Wholesale in the 4th quarter worth about $1,973,000. OVERSEA CHINESE BANKING Corp Ltd raised its holdings in shares of Costco Wholesale by 8.9% in the 4th quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 5,330 shares of the retailer’s stock worth $3,522,000 after purchasing an additional 435 shares during the period. Signaturefd LLC raised its holdings in shares of Costco Wholesale by 3.3% in the 4th quarter. Signaturefd LLC now owns 12,094 shares of the retailer’s stock worth $7,983,000 after purchasing an additional 384 shares during the period. Tradewinds Capital Management LLC raised its holdings in shares of Costco Wholesale by 2.2% in the 4th quarter. Tradewinds Capital Management LLC now owns 1,448 shares of the retailer’s stock worth $956,000 after purchasing an additional 31 shares during the period. Finally, Nicholas Hoffman & Company LLC. raised its holdings in shares of Costco Wholesale by 3.7% in the 4th quarter. Nicholas Hoffman & Company LLC. now owns 4,307 shares of the retailer’s stock worth $2,843,000 after purchasing an additional 154 shares during the period. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of COST opened at $709.51 on Monday. The firm has a market cap of $314.67 billion, a price-to-earnings ratio of 46.40, a PEG ratio of 4.73 and a beta of 0.77. The stock has a 50 day moving average of $730.29 and a 200-day moving average of $661.85. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a 52 week low of $476.75 and a 52 week high of $787.08.

Costco Wholesale (NASDAQ:COSTGet Free Report) last issued its earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, topping the consensus estimate of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. During the same quarter last year, the firm earned $3.30 EPS. The business’s revenue was up 5.7% on a year-over-year basis. As a group, analysts forecast that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a dividend of $1.16 per share. The ex-dividend date is Thursday, April 25th. This represents a $4.64 dividend on an annualized basis and a yield of 0.65%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s payout ratio is currently 26.68%.

Insider Activity at Costco Wholesale

In related news, EVP Claudine Adamo sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the transaction, the executive vice president now owns 6,695 shares in the company, valued at approximately $4,785,786.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Claudine Adamo sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the transaction, the executive vice president now owns 6,695 shares in the company, valued at approximately $4,785,786.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Russell D. Miller sold 785 shares of the business’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the transaction, the executive vice president now owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The disclosure for this sale can be found here. Insiders sold 11,727 shares of company stock worth $8,170,388 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on COST shares. Oppenheimer raised their price objective on Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, April 12th. Loop Capital dropped their target price on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating on the stock in a report on Thursday, April 11th. Wells Fargo & Company raised their target price on Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Finally, Gordon Haskett downgraded Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price on the stock. in a report on Wednesday, April 3rd. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $691.28.

Get Our Latest Stock Analysis on COST

Costco Wholesale Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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