Goldstream Capital Management Ltd Has $378,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Goldstream Capital Management Ltd cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 48.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 412 shares of the retailer’s stock after selling 385 shares during the period. Costco Wholesale comprises approximately 0.1% of Goldstream Capital Management Ltd’s investment portfolio, making the stock its 26th biggest position. Goldstream Capital Management Ltd’s holdings in Costco Wholesale were worth $378,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Morse Asset Management Inc grew its holdings in Costco Wholesale by 20.1% during the 3rd quarter. Morse Asset Management Inc now owns 7,481 shares of the retailer’s stock worth $6,632,000 after acquiring an additional 1,254 shares during the last quarter. Anchor Investment Management LLC increased its holdings in Costco Wholesale by 2.0% in the third quarter. Anchor Investment Management LLC now owns 7,996 shares of the retailer’s stock valued at $7,088,000 after purchasing an additional 157 shares during the period. Fulcrum Equity Management raised its position in Costco Wholesale by 76.8% during the 3rd quarter. Fulcrum Equity Management now owns 633 shares of the retailer’s stock worth $561,000 after purchasing an additional 275 shares during the last quarter. Eaton Financial Holdings Company LLC bought a new stake in shares of Costco Wholesale in the 3rd quarter valued at about $216,000. Finally, Sculati Wealth Management LLC increased its stake in shares of Costco Wholesale by 0.3% in the third quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after buying an additional 11 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $994.50 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 company has a fifty day moving average price of $975.99 and a 200-day moving average price of $953.37. Costco Wholesale Co. has a 1 year low of $706.17 and a 1 year high of $1,078.24. The firm has a market cap of $441.24 billion, a price-to-earnings ratio of 58.40, a PEG ratio of 6.15 and a beta of 0.95.

Costco Wholesale (NASDAQ:COST) last posted 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 for the quarter, compared to the consensus estimate of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. As a group, equities research analysts predict that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 16th. Stockholders of record on Friday, May 2nd will be given a dividend of $1.30 per share. The ex-dividend date of this dividend is Friday, May 2nd. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.16. This represents a $5.20 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is currently 27.09%.

Analyst Upgrades and Downgrades

Several analysts recently commented on COST shares. Loop Capital reduced their target price on Costco Wholesale from $1,150.00 to $1,045.00 and set a “buy” rating on the stock in a report on Wednesday, April 9th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Thursday, April 10th. Evercore ISI upped 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 research report on Tuesday, March 11th. Cowen reissued a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Ten 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,024.03.

Insider Buying and Selling

In related news, CEO Roland Michael Vachris sold 3,600 shares of the company’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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gary Millerchip sold 1,100 shares of the firm’s stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $940.01, for a total value of $1,034,011.00. Following the completion of the sale, the executive vice president now directly owns 11,165 shares of the company’s stock, valued at $10,495,211.65. This represents a 8.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,600 shares of company stock valued at $5,215,915. 0.18% of the stock is owned by insiders.

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.