Costco Wholesale Co. (NASDAQ:COST) Shares Sold by DRW Securities LLC

DRW Securities LLC lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 56.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,009 shares of the retailer’s stock after selling 2,612 shares during the quarter. DRW Securities LLC’s holdings in Costco Wholesale were worth $1,841,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Synergy Investment Management LLC acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $31,000. NewSquare Capital LLC grew 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. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $33,000. Collier Financial bought a new stake in shares of Costco Wholesale in the fourth quarter worth $35,000. Finally, Barrett & Company Inc. raised its holdings in Costco Wholesale by 59.3% in the fourth quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after acquiring an additional 16 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COST has been the topic of several research reports. Stifel Nicolaus dropped their price objective on shares of Costco Wholesale from $1,075.00 to $1,035.00 and set a “buy” rating on the stock in a research note on Thursday, March 20th. Roth Mkm raised their price target on Costco Wholesale from $755.00 to $907.00 and gave the stock a “neutral” rating in a report on Friday, December 13th. Wells Fargo & Company upped their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Barclays boosted their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Finally, Truist Financial lifted their price objective 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. Nine equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $1,029.00.

Insider Buying and Selling at Costco Wholesale

In related news, CEO Roland Michael Vachris sold 3,600 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the transaction, the chief executive officer now directly owns 41,077 shares in the company, valued at approximately $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Claudine Adamo sold 900 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $922.56, for a total value of $830,304.00. Following the completion of the transaction, the executive vice president now owns 6,987 shares of the company’s stock, valued at $6,445,926.72. The trade was a 11.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,600 shares of company stock valued at $5,215,915 in the last three months. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.1 %

COST stock opened at $908.75 on Wednesday. Costco Wholesale Co. has a 1-year low of $702.00 and a 1-year high of $1,078.24. The stock has a market cap of $403.20 billion, a P/E ratio of 53.36, a P/E/G ratio of 6.15 and a beta of 0.95. The stock’s fifty day simple moving average is $985.46 and its two-hundred day simple moving average is $948.20. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 6th. The retailer reported $4.02 EPS for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The company had revenue of $63.72 billion during the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 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.