Costco Wholesale Corporation $COST Stake Decreased by Mccarter Private Wealth Services LLC

Mccarter Private Wealth Services LLC decreased its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 3.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 5,429 shares of the retailer’s stock after selling 218 shares during the period. Costco Wholesale comprises about 3.4% of Mccarter Private Wealth Services LLC’s holdings, making the stock its 7th largest holding. Mccarter Private Wealth Services LLC’s holdings in Costco Wholesale were worth $5,135,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC lifted its position in Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after acquiring an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Costco Wholesale by 13.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after buying an additional 130 shares during the period. Bank Pictet & Cie Europe AG lifted its holdings in shares of Costco Wholesale by 45.0% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer’s stock valued at $107,436,000 after buying an additional 36,384 shares during the period. Highview Capital Management LLC DE lifted its holdings in shares of Costco Wholesale by 0.8% during the 4th quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer’s stock valued at $4,410,000 after buying an additional 40 shares during the period. Finally, Burling Wealth Partners LLC bought a new position in shares of Costco Wholesale during the 4th quarter valued at $3,937,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Down 2.5%

Shares of NASDAQ:COST opened at $969.68 on Friday. Costco Wholesale Corporation has a 1 year low of $867.16 and a 1 year high of $1,078.23. The business has a 50 day simple moving average of $970.48 and a two-hundred day simple moving average of $985.89. The firm has a market capitalization of $430.03 billion, a PE ratio of 55.00, a price-to-earnings-growth ratio of 6.18 and a beta of 0.96. 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 (NASDAQ:COST) last announced its earnings results on Thursday, May 29th. The retailer reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.24 by $0.04. Costco Wholesale had a return on equity of 30.48% and a net margin of 2.92%.The business had revenue of $63.21 billion during the quarter, compared to analyst estimates of $62.93 billion. During the same quarter in the previous year, the business earned $3.78 earnings per share. The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, equities analysts predict that Costco Wholesale Corporation will post 18.03 EPS for the current year.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s payout ratio is currently 29.50%.

Insider Activity at Costco Wholesale

In other news, EVP Patrick J. Callans sold 3,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the completion of the sale, the executive vice president owned 58,543 shares of the company’s stock, valued at approximately $58,705,164.11. The trade was a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan L. Decker sold 547 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the transaction, the director directly owned 11,531 shares of the company’s stock, valued at $11,300,380. This trade represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 9,547 shares of company stock worth $9,472,510. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the topic of several research analyst reports. Morgan Stanley increased their price target on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Loop Capital decreased their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Monday, August 4th. Finally, Wall Street Zen raised Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,050.00.

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.