Cardano Risk Management B.V. Buys 504 Shares of Costco Wholesale Co. (NASDAQ:COST)

Cardano Risk Management B.V. increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 139,415 shares of the retailer’s stock after acquiring an additional 504 shares during the quarter. Costco Wholesale makes up approximately 2.0% of Cardano Risk Management B.V.’s portfolio, making the stock its 14th largest position. Cardano Risk Management B.V.’s holdings in Costco Wholesale were worth $127,742,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in COST. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the 3rd quarter worth about $29,000. Fairway Wealth LLC raised its holdings in Costco Wholesale by 230.0% in the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after acquiring an additional 46 shares in the last quarter. Mowery & Schoenfeld Wealth Management LLC acquired a new position in Costco Wholesale in the 3rd quarter valued at approximately $58,000. Christopher J. Hasenberg Inc raised its holdings in Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after acquiring an additional 56 shares in the last quarter. Finally, VitalStone Financial LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at approximately $71,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the completion of the transaction, the executive vice president now owns 10,210 shares in the company, valued at $9,155,409.10. This trade represents a 16.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at $24,514,232. The trade was a 4.91 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 1.2 %

Shares of COST traded down $10.79 during midday trading on Monday, hitting $926.15. The stock had a trading volume of 605,389 shares, compared to its average volume of 1,763,207. The company has a 50 day simple moving average of $947.92 and a two-hundred day simple moving average of $899.20. Costco Wholesale Co. has a twelve month low of $675.96 and a twelve month high of $1,008.25. The firm has a market cap of $411.12 billion, a price-to-earnings ratio of 54.38, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.97 and a quick ratio of 0.44.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio is 27.25%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on Costco Wholesale from $876.00 to $995.00 and gave the company a “buy” rating in a research note on Friday, September 27th. Citigroup upped their price objective on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research note on Wednesday, December 18th. Tigress Financial reiterated a “buy” rating and issued a $1,065.00 price objective on shares of Costco Wholesale in a research note on Thursday, October 17th. Loop Capital upped their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Finally, Robert W. Baird upped their price objective on Costco Wholesale from $975.00 to $1,075.00 and gave the company an “outperform” rating in a research note on Thursday, December 5th. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

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.