Hohimer Wealth Management LLC Sells 613 Shares of Costco Wholesale Corporation (NASDAQ:COST)

Hohimer Wealth Management LLC trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 8.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 6,625 shares of the retailer’s stock after selling 613 shares during the quarter. Costco Wholesale makes up about 1.2% of Hohimer Wealth Management LLC’s investment portfolio, making the stock its 15th largest holding. Hohimer Wealth Management LLC’s holdings in Costco Wholesale were worth $6,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Investment Management Corp VA ADV purchased a new stake in shares of Costco Wholesale in the fourth quarter worth $25,000. Clear Investment Research LLC boosted its holdings in Costco Wholesale by 22.2% in the 4th quarter. Clear Investment Research LLC now owns 55 shares of the retailer’s stock worth $51,000 after buying an additional 10 shares during the period. Aspect Partners LLC increased its stake in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after buying an additional 11 shares in the last quarter. Capital A Wealth Management LLC purchased a new stake in Costco Wholesale in the 4th quarter worth $58,000. Finally, Mascagni Wealth Management Inc. bought a new stake in Costco Wholesale during the fourth quarter valued at about $59,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COST has been the subject of a number of recent analyst reports. Cfra Research raised Costco Wholesale from a “hold” rating to a “moderate buy” rating in a research note on Friday, April 4th. Evercore ISI lowered their price target on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating on the stock in a report on Tuesday, June 17th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Thursday. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a report on Thursday, May 29th. Finally, Wall Street Zen raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Nine equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $1,037.48.

Insiders Place Their Bets

In related news, EVP Patrick J. Callans sold 3,000 shares of Costco Wholesale stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the completion of the sale, the executive vice president owned 58,543 shares in the company, valued at $58,705,164.11. This trade represents a 4.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Pierre Riel sold 2,000 shares of the stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $1,014.15, for a total value of $2,028,300.00. Following the completion of the transaction, the executive vice president directly owned 8,210 shares in the company, valued at approximately $8,326,171.50. This trade represents a 19.59% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 9,547 shares of company stock worth $9,496,950. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Up 0.0%

NASDAQ COST opened at $970.33 on Monday. Costco Wholesale Corporation has a 52 week low of $793.00 and a 52 week high of $1,078.24. The firm has a market capitalization of $430.32 billion, a price-to-earnings ratio of 55.04, a PEG ratio of 6.03 and a beta of 0.97. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The company has a fifty day moving average of $1,003.77 and a two-hundred day moving average of $982.24.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.04. The business had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $3.78 earnings per share. On average, analysts predict that Costco Wholesale Corporation will post 18.03 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were given a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.54%. The ex-dividend date was Friday, May 2nd. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.16. Costco Wholesale’s dividend payout ratio is 29.50%.

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.