Agate Pass Investment Management LLC Sells 41 Shares of Costco Wholesale Co. (NASDAQ:COST)

Agate Pass Investment Management LLC cut its position in Costco Wholesale Co. (NASDAQ:COST) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,684 shares of the retailer’s stock after selling 41 shares during the quarter. Costco Wholesale makes up about 1.1% of Agate Pass Investment Management LLC’s holdings, making the stock its 27th biggest position. Agate Pass Investment Management LLC’s holdings in Costco Wholesale were worth $2,459,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quest Partners LLC raised its position in Costco Wholesale by 1,300.0% in the 2nd quarter. Quest Partners LLC now owns 308 shares of the retailer’s stock worth $262,000 after purchasing an additional 286 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its stake in shares of Costco Wholesale by 11.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 15,588 shares of the retailer’s stock valued at $13,250,000 after acquiring an additional 1,632 shares during the period. Lyell Wealth Management LP raised its holdings in Costco Wholesale by 2.1% during the 2nd quarter. Lyell Wealth Management LP now owns 27,104 shares of the retailer’s stock worth $23,038,000 after purchasing an additional 548 shares during the last quarter. Vista Capital Partners Inc. grew its position in shares of Costco Wholesale by 2.5% during the 2nd quarter. Vista Capital Partners Inc. now owns 2,566 shares of the retailer’s stock worth $2,181,000 after buying an additional 62 shares during the period. Finally, Diversify Wealth Management LLC bought a new stake in shares of Costco Wholesale during the second quarter worth approximately $6,534,000. 68.48% of the stock is currently owned by institutional investors.

Insider Transactions at Costco Wholesale

In related news, EVP Pierre Riel sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the transaction, the executive vice president now directly owns 10,210 shares in the company, valued at $9,155,409.10. This trade represents a 16.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Price Performance

Shares of COST stock traded down $9.41 on Monday, reaching $927.53. The company’s stock had a trading volume of 666,527 shares, compared to its average volume of 1,771,542. The company has a market capitalization of $411.73 billion, a P/E ratio of 54.46, a PEG ratio of 6.02 and a beta of 0.84. Costco Wholesale Co. has a 12-month low of $675.96 and a 12-month high of $1,008.25. The stock’s 50 day simple moving average is $947.92 and its 200-day simple moving average is $899.20. The company has a quick ratio of 0.44, a current ratio of 0.97 and a debt-to-equity ratio of 0.25.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $1.16 per share. The ex-dividend date was Friday, November 1st. This represents a $4.64 annualized dividend and a yield of 0.50%. Costco Wholesale’s payout ratio is presently 27.25%.

Analyst Ratings Changes

Several brokerages have commented on COST. UBS Group upped their target price on shares of Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. DA Davidson lifted their price objective on shares of Costco Wholesale from $880.00 to $900.00 and gave the stock a “neutral” rating in a research note on Friday, December 13th. The Goldman Sachs Group increased their target price on shares of Costco Wholesale from $876.00 to $995.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Wells Fargo & Company lifted their target price on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a report on Friday, December 13th. Finally, Loop Capital boosted their target price on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,013.59.

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.