Costco Wholesale Co. (NASDAQ:COST) Holdings Trimmed by Facet Wealth Inc.

Facet Wealth Inc. lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 13.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 622 shares of the retailer’s stock after selling 97 shares during the quarter. Facet Wealth Inc.’s holdings in Costco Wholesale were worth $570,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Cromwell Holdings LLC boosted its stake in Costco Wholesale by 0.9% during the fourth quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after buying an additional 10 shares in the last quarter. 44 Wealth Management LLC boosted its stake in Costco Wholesale by 0.3% during the fourth quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after buying an additional 10 shares in the last quarter. SRN Advisors LLC boosted its stake in Costco Wholesale by 0.3% during the fourth quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after buying an additional 10 shares in the last quarter. Miramar Capital LLC lifted its holdings in shares of Costco Wholesale by 1.9% during the fourth quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock valued at $481,000 after purchasing an additional 10 shares during the last quarter. Finally, Sculati Wealth Management LLC lifted its holdings in shares of Costco Wholesale by 0.3% during the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after purchasing an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total value of $3,351,600.00. Following the sale, the chief executive officer now owns 41,077 shares of the company’s stock, valued at $38,242,687. This trade represents a 8.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Cowen reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Friday, March 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Costco Wholesale in a report on Friday, March 7th. Barclays upped their target price on Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. Citigroup upped their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a report on Wednesday, December 18th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Monday, March 3rd. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,030.43.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $903.92 on Friday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98. The firm has a market cap of $401.25 billion, a price-to-earnings ratio of 53.08, a P/E/G ratio of 6.15 and a beta of 0.81. The business’s 50-day simple moving average is $989.80 and its 200-day simple moving average is $944.47. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). The business had revenue of $63.72 billion during the quarter, compared to analyst estimates 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 research analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.09%.

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.