Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Capasso Planning Partners LLC

Capasso Planning Partners LLC reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 21.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 246 shares of the retailer’s stock after selling 68 shares during the period. Capasso Planning Partners LLC’s holdings in Costco Wholesale were worth $225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. RPg Family Wealth Advisory LLC acquired a new position in shares of Costco Wholesale during the third quarter valued at about $29,000. Synergy Investment Management LLC acquired a new position in Costco Wholesale during the 4th quarter valued at approximately $31,000. NewSquare Capital LLC increased its stake in Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in shares of Costco Wholesale in the fourth quarter worth $33,000. Finally, Collier Financial acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $35,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on COST. DA Davidson raised their target price on Costco Wholesale from $900.00 to $1,000.00 and gave the stock a “neutral” rating in a research note on Thursday, February 6th. Oppenheimer restated an “outperform” rating and issued a $1,075.00 price objective (up from $980.00) on shares of Costco Wholesale in a research note on Tuesday, December 10th. Loop Capital dropped their target price on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Barclays increased their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Cowen restated a “buy” rating on shares of Costco Wholesale in a research note on Friday. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,030.43.

Costco Wholesale Stock Down 0.4 %

Shares of NASDAQ COST opened at $930.49 on Wednesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $990.22 and its two-hundred day moving average is $944.64. Costco Wholesale Co. has a 52-week low of $697.27 and a 52-week high of $1,078.24. The firm has a market cap of $413.04 billion, a price-to-earnings ratio of 54.64, a PEG ratio of 6.15 and a beta of 0.81.

Costco Wholesale (NASDAQ:COST) last posted its 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 firm had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Research analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. Costco Wholesale’s dividend payout ratio (DPR) is 27.09%.

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.