Samalin Investment Counsel LLC Has $570,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Samalin Investment Counsel LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 622 shares of the retailer’s stock after selling 15 shares during the quarter. Samalin Investment Counsel LLC’s holdings in Costco Wholesale were worth $570,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Swedbank AB raised its holdings in Costco Wholesale by 1.5% in the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after acquiring an additional 6,495 shares during the period. United Bank raised its holdings in Costco Wholesale by 7.5% in the 3rd quarter. United Bank now owns 5,962 shares of the retailer’s stock worth $5,285,000 after acquiring an additional 416 shares during the period. Eagle Asset Management Inc. raised its holdings in Costco Wholesale by 16.0% in the 3rd quarter. Eagle Asset Management Inc. now owns 15,652 shares of the retailer’s stock worth $14,772,000 after acquiring an additional 2,156 shares during the period. CFS Investment Advisory Services LLC raised its holdings in Costco Wholesale by 2.6% in the 3rd quarter. CFS Investment Advisory Services LLC now owns 791 shares of the retailer’s stock worth $701,000 after acquiring an additional 20 shares during the period. Finally, Allen Capital Group LLC raised its holdings in Costco Wholesale by 18.1% in the 3rd quarter. Allen Capital Group LLC now owns 477 shares of the retailer’s stock worth $423,000 after acquiring an additional 73 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In related news, CEO Roland Michael Vachris sold 3,600 shares of the stock in a transaction 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 completion of the transaction, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. This represents a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on COST shares. Loop Capital decreased their price target on shares of 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. Citigroup raised their price target on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Robert W. Baird raised their price target on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research report on Friday, March 7th. JPMorgan Chase & Co. raised their price target on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a research report on Friday, March 7th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Monday, March 3rd. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $1,029.00.

Costco Wholesale Trading Up 1.5 %

Shares of NASDAQ COST opened at $909.26 on Friday. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23. The company has a market cap of $403.42 billion, a PE ratio of 53.39, a P/E/G ratio of 6.15 and a beta of 0.82. The company has a 50-day moving average of $987.55 and a two-hundred day moving average of $945.06.

Costco Wholesale (NASDAQ:COST) last issued its earnings results on Thursday, March 6th. The retailer reported $4.02 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%. As a group, equities analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

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