Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Avondale Wealth Management

Avondale Wealth Management cut its position in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 5.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 478 shares of the retailer’s stock after selling 26 shares during the period. Avondale Wealth Management’s holdings in Costco Wholesale were worth $275,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. Phocas Financial Corp. boosted its stake in shares of Costco Wholesale by 7.0% in the third quarter. Phocas Financial Corp. now owns 1,536 shares of the retailer’s stock worth $690,000 after buying an additional 100 shares during the last quarter. Captrust Financial Advisors boosted its stake in shares of Costco Wholesale by 6.6% in the third quarter. Captrust Financial Advisors now owns 73,591 shares of the retailer’s stock worth $33,068,000 after buying an additional 4,548 shares during the last quarter. Summit Trail Advisors LLC purchased a new stake in shares of Costco Wholesale in the third quarter worth about $222,000. Capstone Triton Financial Group LLC boosted its stake in shares of Costco Wholesale by 12.3% in the third quarter. Capstone Triton Financial Group LLC now owns 1,473 shares of the retailer’s stock worth $722,000 after buying an additional 161 shares during the last quarter. Finally, Studio Investment Management LLC purchased a new stake in shares of Costco Wholesale in the third quarter worth about $241,000. 67.52% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ:COST opened at $459.96 on Thursday. Costco Wholesale Co. has a one year low of $390.59 and a one year high of $612.27. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04. The stock has a market cap of $203.74 billion, a PE ratio of 36.22, a P/E/G ratio of 3.87 and a beta of 0.71. The stock has a 50 day moving average price of $496.50 and a 200 day moving average price of $522.53.

Costco Wholesale (NASDAQ:COSTGet Rating) last posted its quarterly earnings results on Thursday, May 26th. The retailer reported $3.04 EPS for the quarter, beating the consensus estimate of $3.03 by $0.01. Costco Wholesale had a return on equity of 29.71% and a net margin of 2.60%. The firm had revenue of $52.60 billion during the quarter, compared to analysts’ expectations of $51.49 billion. During the same quarter last year, the firm earned $2.75 earnings per share. The business’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, analysts predict that Costco Wholesale Co. will post 13.02 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, May 13th. Investors of record on Friday, April 29th were issued a $0.90 dividend. This represents a $3.60 annualized dividend and a dividend yield of 0.78%. The ex-dividend date was Thursday, April 28th. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.79. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.35%.

A number of equities analysts have issued reports on COST shares. Stifel Nicolaus increased their price target on Costco Wholesale from $555.00 to $565.00 in a research report on Thursday, May 5th. Loop Capital lowered their price target on Costco Wholesale from $650.00 to $610.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Robert W. Baird lowered their price target on Costco Wholesale from $600.00 to $560.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. Tigress Financial increased their price target on Costco Wholesale from $520.00 to $678.00 in a research report on Thursday, April 14th. Finally, Evercore ISI increased their price target on Costco Wholesale from $605.00 to $610.00 in a research report on Thursday, April 7th. Six equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $569.56.

In other Costco Wholesale news, VP Timothy L. Rose sold 4,000 shares of the firm’s stock in a transaction on Tuesday, March 29th. The stock was sold at an average price of $566.29, for a total transaction of $2,265,160.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel M. Hines sold 4,498 shares of the firm’s stock in a transaction on Friday, April 8th. The stock was sold at an average price of $603.00, for a total value of $2,712,294.00. Following the sale, the insider now directly owns 13,108 shares of the company’s stock, valued at approximately $7,904,124. The disclosure for this sale can be found here. In the last ninety days, insiders sold 8,998 shares of company stock valued at $5,278,469. Insiders own 0.22% of the company’s stock.

About Costco Wholesale (Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

Read More

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 Co. (NASDAQ:COSTGet Rating).

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

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.