Dempze Nancy E Has $598,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Dempze Nancy E lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 8.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 653 shares of the retailer’s stock after selling 58 shares during the quarter. Dempze Nancy E’s holdings in Costco Wholesale were worth $598,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in COST. CHURCHILL MANAGEMENT Corp acquired a new position in Costco Wholesale during the 4th quarter valued at $8,430,000. GAMMA Investing LLC raised its position in shares of Costco Wholesale by 15.0% during the fourth quarter. GAMMA Investing LLC now owns 7,662 shares of the retailer’s stock valued at $7,020,000 after buying an additional 1,001 shares during the last quarter. Dale Q Rice Investment Management Ltd bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $984,000. Stanich Group LLC bought a new position in Costco Wholesale during the fourth quarter valued at about $214,000. Finally, Everence Capital Management Inc. raised its holdings in Costco Wholesale by 15.4% in the 4th quarter. Everence Capital Management Inc. now owns 11,913 shares of the retailer’s stock valued at $10,916,000 after acquiring an additional 1,590 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Cowen restated a “buy” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Truist Financial lifted their target price on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research report on Friday, March 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Raymond James lifted their price objective on Costco Wholesale from $990.00 to $1,030.00 and gave the company an “overweight” rating in a report on Thursday, December 12th. Finally, Barclays increased their target price on Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a report on Monday, March 10th. Nine research 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.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,029.00.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the transaction, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction 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 sale, the chief executive officer now owns 41,077 shares of the company’s stock, valued at $38,242,687. This trade represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,600 shares of company stock valued at $5,215,915. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Down 5.2 %

Shares of NASDAQ:COST opened at $916.48 on Friday. Costco Wholesale Co. has a 1 year low of $702.00 and a 1 year high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The business’s 50-day moving average is $988.70 and its 200-day moving average is $947.67. The company has a market capitalization of $406.63 billion, a price-to-earnings ratio of 53.82, a P/E/G ratio of 6.15 and a beta of 0.82.

Costco Wholesale (NASDAQ:COST) last issued its quarterly 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 during the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. Equities research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued 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 payout ratio is 27.09%.

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.