Perennial Investment Advisors LLC Sells 78 Shares of Costco Wholesale Co. (NASDAQ:COST)

Perennial Investment Advisors LLC lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,779 shares of the retailer’s stock after selling 78 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Costco Wholesale were worth $3,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. United Bank boosted its position in shares of Costco Wholesale by 7.5% in the third quarter. United Bank now owns 5,962 shares of the retailer’s stock valued at $5,285,000 after acquiring an additional 416 shares during the period. Jacobs Levy Equity Management Inc. bought a new stake in Costco Wholesale in the 3rd quarter valued at $7,203,000. Texas Capital Bank Wealth Management Services Inc grew its position in Costco Wholesale by 0.5% in the 3rd quarter. Texas Capital Bank Wealth Management Services Inc now owns 11,755 shares of the retailer’s stock worth $10,421,000 after purchasing an additional 58 shares during the last quarter. Temasek Holdings Private Ltd increased its holdings in shares of Costco Wholesale by 0.3% during the 3rd quarter. Temasek Holdings Private Ltd now owns 45,288 shares of the retailer’s stock worth $40,149,000 after purchasing an additional 123 shares during the period. Finally, Weiss Asset Management LP acquired a new position in shares of Costco Wholesale during the third quarter valued at about $5,053,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on COST shares. Evercore ISI lifted their target price on Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 11th. Wells Fargo & Company boosted their price objective on Costco Wholesale from $950.00 to $1,000.00 and gave the company an “equal weight” rating in a research report on Friday, December 13th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Friday. Truist Financial increased their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research note on Friday, March 7th. Finally, Oppenheimer reiterated an “outperform” rating and set a $1,075.00 target price (up from $980.00) on shares of Costco Wholesale in a research report on Tuesday, December 10th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $1,029.00.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Gary Millerchip sold 1,100 shares of the stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $940.01, for a total value of $1,034,011.00. Following the sale, the executive vice president now directly owns 11,165 shares in the company, valued at $10,495,211.65. This trade represents a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the transaction, the chief executive officer now owns 41,077 shares of the company’s stock, valued at approximately $38,242,687. This represents a 8.06 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Down 5.2 %

Shares of COST opened at $916.48 on Friday. The business’s fifty day moving average price is $988.70 and its two-hundred day moving average price is $947.67. The firm has a market capitalization of $406.63 billion, a price-to-earnings ratio of 53.82, a PEG ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 52 week low of $702.00 and a 52 week high of $1,078.24. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last posted its quarterly 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 during the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current year.

Costco Wholesale Announces Dividend

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