Costco Wholesale Corporation $COST Shares Sold by Greenleaf Trust

Greenleaf Trust trimmed its position in Costco Wholesale Corporation (NASDAQ:COST) by 12.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,982 shares of the retailer’s stock after selling 2,337 shares during the quarter. Greenleaf Trust’s holdings in Costco Wholesale were worth $15,821,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Brighton Jones LLC grew its position in Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after acquiring an additional 2,172 shares during the period. Revolve Wealth Partners LLC raised its position in Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after purchasing an additional 130 shares during the period. Douglas Lane & Associates LLC lifted its stake in shares of Costco Wholesale by 3.6% in the 1st quarter. Douglas Lane & Associates LLC now owns 5,089 shares of the retailer’s stock valued at $4,813,000 after purchasing an additional 179 shares during the last quarter. Baker Tilly Wealth Management LLC grew its holdings in shares of Costco Wholesale by 18.4% during the 1st quarter. Baker Tilly Wealth Management LLC now owns 360 shares of the retailer’s stock worth $340,000 after purchasing an additional 56 shares during the period. Finally, Fiduciary Alliance LLC grew its holdings in shares of Costco Wholesale by 23.9% during the 1st quarter. Fiduciary Alliance LLC now owns 10,164 shares of the retailer’s stock worth $9,613,000 after purchasing an additional 1,962 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the topic of several research analyst reports. Morgan Stanley reduced their price objective on shares of Costco Wholesale from $1,225.00 to $1,130.00 and set an “overweight” rating on the stock in a report on Friday. DA Davidson reissued a “neutral” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a research note on Friday. Truist Financial decreased their price objective on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a report on Friday. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Wednesday, September 24th. Finally, Argus boosted their target price on Costco Wholesale from $1,170.00 to $1,200.00 and gave the company a “buy” rating in a research report on Monday. Eighteen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $1,072.00.

Costco Wholesale Stock Up 0.1%

Costco Wholesale stock opened at $916.87 on Tuesday. The stock has a market cap of $406.61 billion, a PE ratio of 50.35, a P/E/G ratio of 5.15 and a beta of 0.97. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.03 and a quick ratio of 0.55. The stock’s fifty day moving average is $955.08 and its two-hundred day moving average is $971.72. Costco Wholesale Corporation has a 1-year low of $867.16 and a 1-year high of $1,078.23.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, September 25th. The retailer reported $5.87 EPS for the quarter, beating analysts’ consensus estimates of $5.81 by $0.06. Costco Wholesale had a return on equity of 30.09% and a net margin of 2.94%.The business had revenue of $86.16 billion for the quarter, compared to the consensus estimate of $86.01 billion. During the same quarter in the prior year, the business posted $5.15 EPS. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. On average, sell-side analysts expect that Costco Wholesale Corporation will post 18.03 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.56%.

Insider Activity at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the transaction, the executive vice president directly owned 5,774 shares in the company, valued at approximately $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

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.