Sachetta LLC Sells 1,059 Shares of Costco Wholesale Corporation $COST

Sachetta LLC cut its holdings in Costco Wholesale Corporation (NASDAQ:COSTFree Report) by 89.3% in the fourth quarter, HoldingsChannel reports. The firm owned 127 shares of the retailer’s stock after selling 1,059 shares during the period. Sachetta LLC’s holdings in Costco Wholesale were worth $110,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Pasadena Private Wealth LLC boosted its holdings in Costco Wholesale by 0.8% during the third quarter. Pasadena Private Wealth LLC now owns 1,403 shares of the retailer’s stock valued at $1,299,000 after acquiring an additional 11 shares during the period. Tandem Investment Partners LLC boosted its holdings in Costco Wholesale by 1.1% during the third quarter. Tandem Investment Partners LLC now owns 990 shares of the retailer’s stock valued at $916,000 after acquiring an additional 11 shares during the period. Optima Capital LLC boosted its holdings in Costco Wholesale by 0.9% during the third quarter. Optima Capital LLC now owns 1,192 shares of the retailer’s stock valued at $1,104,000 after acquiring an additional 11 shares during the period. Gratus Wealth Advisors LLC boosted its holdings in Costco Wholesale by 0.8% during the third quarter. Gratus Wealth Advisors LLC now owns 1,399 shares of the retailer’s stock valued at $1,295,000 after acquiring an additional 11 shares during the period. Finally, Cascade Investment Group Inc. boosted its holdings in Costco Wholesale by 1.0% during the third quarter. Cascade Investment Group Inc. now owns 1,151 shares of the retailer’s stock valued at $1,065,000 after acquiring an additional 11 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 730 shares of the company’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total transaction of $732,204.60. Following the completion of the transaction, the executive vice president owned 6,121 shares of the company’s stock, valued at approximately $6,139,485.42. This represents a 10.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Costco Wholesale Stock Down 0.3%

Shares of COST opened at $1,011.70 on Friday. The company has a 50-day simple moving average of $996.93 and a 200-day simple moving average of $950.01. The firm has a market capitalization of $448.84 billion, a P/E ratio of 52.61, a P/E/G ratio of 4.99 and a beta of 0.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.59 and a current ratio of 1.06. Costco Wholesale Corporation has a 52 week low of $844.06 and a 52 week high of $1,067.08.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its quarterly earnings data on Wednesday, March 11th. The retailer reported $4.58 EPS for the quarter, beating analysts’ consensus estimates of $4.55 by $0.03. The business had revenue of $69.60 billion during the quarter, compared to analyst estimates of $68.96 billion. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $4.02 earnings per share. On average, equities research analysts expect that Costco Wholesale Corporation will post 20.32 earnings per share for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a dividend of $1.47 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.30. This represents a $5.88 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Friday, May 1st. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.04%.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group decreased their price target on shares of Costco Wholesale from $1,171.00 to $1,088.00 and set a “buy” rating for the company in a report on Friday, March 6th. Truist Financial upped their price target on shares of Costco Wholesale from $926.00 to $977.00 and gave the company a “hold” rating in a report on Friday, March 6th. Gordon Haskett upped their price target on shares of Costco Wholesale from $1,000.00 to $1,100.00 in a report on Tuesday, February 3rd. Weiss Ratings upgraded shares of Costco Wholesale from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, March 17th. Finally, JPMorgan Chase & Co. upped their price target on shares of Costco Wholesale from $1,060.00 to $1,110.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Twenty-two research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,045.97.

Get Our Latest Analysis on COST

Key Costco Wholesale News

Here are the key news stories impacting Costco Wholesale this week:

About Costco Wholesale

(Free Report)

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.

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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Corporation (NASDAQ:COSTFree Report).

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

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