Trek Financial LLC Sells 3,493 Shares of Costco Wholesale Co. (NASDAQ:COST)

Trek Financial LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 53.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,010 shares of the retailer’s stock after selling 3,493 shares during the period. Trek Financial LLC’s holdings in Costco Wholesale were worth $2,758,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. FMR LLC grew its position in Costco Wholesale by 1.6% during the 4th quarter. FMR LLC now owns 9,457,824 shares of the retailer’s stock valued at $8,665,921,000 after purchasing an additional 149,209 shares during the last quarter. Garrison Point Advisors LLC lifted its holdings in Costco Wholesale by 5.1% during the fourth quarter. Garrison Point Advisors LLC now owns 4,482 shares of the retailer’s stock valued at $4,107,000 after purchasing an additional 219 shares in the last quarter. Westwood Wealth Management bought a new position in shares of Costco Wholesale in the fourth quarter worth approximately $202,000. Alcosta Capital Management Inc. purchased a new stake in shares of Costco Wholesale in the fourth quarter worth $4,896,000. Finally, Titleist Asset Management LLC raised its position in shares of Costco Wholesale by 52.9% during the 4th quarter. Titleist Asset Management LLC now owns 610 shares of the retailer’s stock valued at $559,000 after purchasing an additional 211 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In related news, 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 value of $3,351,600.00. Following the completion of the transaction, the chief executive officer now owns 41,077 shares of the company’s stock, valued at $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Claudine Adamo sold 900 shares of the stock in a transaction on Monday, March 24th. The shares were sold at an average price of $922.56, for a total value of $830,304.00. Following the sale, the executive vice president now directly owns 6,987 shares in the company, valued at $6,445,926.72. This trade represents a 11.41 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,600 shares of company stock worth $5,215,915 over the last three months. 0.18% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on COST. UBS Group boosted their price objective on Costco Wholesale from $840.00 to $1,040.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Loop Capital dropped their price target on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a research note on Friday, March 7th. Truist Financial lifted their price objective on shares of Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a research report on Friday, March 7th. BMO Capital Markets upped their target price on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, TD Cowen boosted their price target on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $1,029.00.

Costco Wholesale Trading Down 5.2 %

Shares of COST opened at $916.48 on Monday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. 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 0.95. The company has a 50-day moving average of $988.70 and a 200 day moving average of $948.42. Costco Wholesale Co. has a 1-year low of $702.00 and a 1-year high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last announced its quarterly 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 during the quarter, compared to analysts’ expectations of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. On average, research analysts expect that Costco Wholesale Co. will post 18.03 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend 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.