CYBER HORNET ETFs LLC Sells 12 Shares of Costco Wholesale Corporation (NASDAQ:COST)

CYBER HORNET ETFs LLC decreased its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 1.0% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,177 shares of the retailer’s stock after selling 12 shares during the quarter. Costco Wholesale accounts for approximately 1.1% of CYBER HORNET ETFs LLC’s investment portfolio, making the stock its 17th biggest holding. CYBER HORNET ETFs LLC’s holdings in Costco Wholesale were worth $1,113,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in Costco Wholesale by 2.7% in the 4th quarter. Geode Capital Management LLC now owns 9,739,175 shares of the retailer’s stock valued at $8,901,249,000 after buying an additional 252,118 shares during the last quarter. F&V Capital Management LLC purchased a new stake in Costco Wholesale in the 1st quarter valued at about $236,000. AMJ Financial Wealth Management increased its stake in Costco Wholesale by 2.6% in the 4th quarter. AMJ Financial Wealth Management now owns 10,536 shares of the retailer’s stock valued at $9,654,000 after buying an additional 270 shares during the last quarter. Umpqua Bank increased its stake in Costco Wholesale by 14.7% in the 4th quarter. Umpqua Bank now owns 4,507 shares of the retailer’s stock valued at $4,134,000 after buying an additional 577 shares during the last quarter. Finally, Curat Global LLC purchased a new stake in Costco Wholesale in the 1st quarter valued at about $241,000. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the sale, the director now directly owns 11,531 shares of the company’s stock, valued at approximately $11,300,380. The trade was a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gary Millerchip sold 1,100 shares of Costco Wholesale stock in a transaction on Thursday, March 27th. The stock was sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following 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. Insiders sold a total of 10,647 shares of company stock valued at $10,530,961 in the last three months. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.6%

Shares of NASDAQ:COST opened at $980.29 on Monday. The firm has a fifty day moving average price of $1,002.94 and a two-hundred day moving average price of $981.03. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. Costco Wholesale Corporation has a one year low of $793.00 and a one year high of $1,078.24. The company has a market cap of $434.74 billion, a price-to-earnings ratio of 55.60, a PEG ratio of 5.79 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 29th. The retailer reported $4.28 EPS for the quarter, beating the consensus estimate of $4.24 by $0.04. Costco Wholesale had a net margin of 2.92% and a return on equity of 30.48%. The firm had revenue of $63.21 billion during the quarter, compared to the consensus estimate of $62.93 billion. During the same period last year, the firm earned $3.78 EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. Analysts anticipate that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 16th. Shareholders of record on Friday, May 2nd were issued a $1.30 dividend. This represents a $5.20 annualized dividend and a yield of 0.53%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.16. The ex-dividend date was Friday, May 2nd. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.50%.

Analysts Set New Price Targets

Several equities research analysts have commented on COST shares. Robert W. Baird increased their price objective on shares of Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research note on Friday, March 7th. Mizuho initiated coverage on shares of Costco Wholesale in a research note on Friday, April 11th. They issued a “neutral” rating and a $975.00 price objective for the company. JPMorgan Chase & Co. raised their price target on shares of Costco Wholesale from $1,065.00 to $1,070.00 and gave the stock an “overweight” rating in a research note on Friday, March 7th. Cowen restated a “buy” rating on shares of Costco Wholesale in a research note on Friday, March 7th. Finally, Truist Financial raised their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Nine investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $1,034.79.

About Costco Wholesale

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.