Galvin Gaustad & Stein LLC trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,676 shares of the retailer’s stock after selling 1,357 shares during the period. Galvin Gaustad & Stein LLC’s holdings in Costco Wholesale were worth $12,223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in COST. Cordasco Financial Network bought a new position in shares of Costco Wholesale during the 1st quarter worth $30,000. Charter Oak Capital Management LLC purchased a new stake in Costco Wholesale in the fourth quarter valued at about $32,000. Bellwether Advisors LLC purchased a new stake in Costco Wholesale in the fourth quarter valued at about $37,000. DB Wealth Management Group LLC purchased a new stake in Costco Wholesale in the fourth quarter valued at about $38,000. Finally, Key Financial Inc purchased a new stake in Costco Wholesale in the fourth quarter valued at about $41,000. 67.21% of the stock is currently owned by hedge funds and other institutional investors.

In other news, Director Susan L. Decker sold 694 shares of the company’s stock in a transaction dated Wednesday, January 27th. The stock was sold at an average price of $363.35, for a total transaction of $252,164.90. Following the completion of the transaction, the director now directly owns 19,047 shares of the company’s stock, valued at approximately $6,920,727.45. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, VP Roland Michael Vachris sold 4,300 shares of the company’s stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $334.30, for a total value of $1,437,490.00. Following the transaction, the vice president now directly owns 15,602 shares of the company’s stock, valued at $5,215,748.60. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

Shares of NASDAQ COST opened at $371.73 on Wednesday. Costco Wholesale Co. has a twelve month low of $293.84 and a twelve month high of $393.15. The company has a current ratio of 0.98, a quick ratio of 0.53 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $343.91 and a 200-day simple moving average of $361.67. The stock has a market capitalization of $164.50 billion, a PE ratio of 38.17, a PEG ratio of 4.17 and a beta of 0.66.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Wednesday, March 3rd. The retailer reported $2.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.45 by ($0.31). Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. The firm had revenue of $44.77 billion during the quarter, compared to analyst estimates of $43.71 billion. During the same period in the previous year, the firm posted $2.10 earnings per share. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities analysts predict that Costco Wholesale Co. will post 9.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 14th. Investors of record on Friday, April 30th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 0.85%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.70. The ex-dividend date of this dividend is Thursday, April 29th. Costco Wholesale’s payout ratio is presently 31.64%.

COST has been the subject of several research analyst reports. Royal Bank of Canada reduced their price objective on Costco Wholesale from $435.00 to $399.00 and set an “outperform” rating for the company in a research note on Thursday, March 11th. The Goldman Sachs Group raised their price objective on Costco Wholesale from $377.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, April 14th. Stifel Nicolaus raised their price objective on Costco Wholesale from $370.00 to $385.00 and gave the stock a “buy” rating in a research note on Wednesday, April 14th. Oppenheimer raised their price objective on Costco Wholesale from $370.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 14th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Costco Wholesale from $344.00 to $350.00 and gave the stock a “buy” rating in a research note on Wednesday, April 14th. Seven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Costco Wholesale presently has an average rating of “Buy” and a consensus target price of $386.79.

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, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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