Hutchinson Capital Management CA Has $1.37 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Hutchinson Capital Management CA decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,492 shares of the retailer’s stock after selling 112 shares during the quarter. Hutchinson Capital Management CA’s holdings in Costco Wholesale were worth $1,367,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Swedbank AB boosted its holdings in shares of Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after buying an additional 6,495 shares during the period. United Bank boosted its holdings in shares of Costco Wholesale by 7.5% during the 3rd quarter. United Bank now owns 5,962 shares of the retailer’s stock worth $5,285,000 after buying an additional 416 shares during the period. Curi RMB Capital LLC boosted its holdings in shares of Costco Wholesale by 47.9% during the 3rd quarter. Curi RMB Capital LLC now owns 2,721 shares of the retailer’s stock worth $2,412,000 after buying an additional 881 shares during the period. Valley Wealth Managers Inc. boosted its holdings in shares of Costco Wholesale by 2.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 1,132 shares of the retailer’s stock worth $1,004,000 after buying an additional 25 shares during the period. Finally, Coastline Trust Co boosted its holdings in shares of Costco Wholesale by 3.7% during the 3rd quarter. Coastline Trust Co now owns 9,022 shares of the retailer’s stock worth $7,998,000 after buying an additional 324 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 1.5 %

Shares of Costco Wholesale stock opened at $903.92 on Friday. The stock has a market capitalization of $401.25 billion, a P/E ratio of 53.08, a price-to-earnings-growth ratio of 6.15 and a beta of 0.81. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company has a 50-day simple moving average of $989.80 and a 200 day simple moving average of $944.47. Costco Wholesale Co. has a 12-month low of $697.27 and a 12-month high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last announced 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 firm had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. Research analysts expect that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s payout ratio is presently 27.09%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a report on Friday, March 7th. Barclays increased their price target on shares of Costco Wholesale from $940.00 to $980.00 and gave the company an “equal weight” rating in a report on Monday, March 10th. TD Cowen increased their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the company a “buy” rating in a report on Friday, December 13th. Roth Mkm increased their price target on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Finally, Evercore ISI increased their price target on shares of Costco Wholesale from $1,050.00 to $1,070.00 and gave the company an “outperform” rating in a report on Tuesday, March 11th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $1,030.43.

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 dated Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the sale, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

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.