Alapocas Investment Partners Inc. Decreases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Alapocas Investment Partners Inc. lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 21.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,330 shares of the retailer’s stock after selling 3,882 shares during the quarter. Costco Wholesale comprises 7.1% of Alapocas Investment Partners Inc.’s portfolio, making the stock its 5th biggest holding. Alapocas Investment Partners Inc.’s holdings in Costco Wholesale were worth $8,252,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Ford Financial Group LLC boosted its stake in shares of Costco Wholesale by 2.4% in the first quarter. Ford Financial Group LLC now owns 821 shares of the retailer’s stock worth $472,000 after buying an additional 19 shares during the last quarter. Fermata Advisors LLC boosted its stake in shares of Costco Wholesale by 5.1% in the first quarter. Fermata Advisors LLC now owns 394 shares of the retailer’s stock worth $227,000 after buying an additional 19 shares during the last quarter. Strategic Investment Advisors MI boosted its stake in shares of Costco Wholesale by 1.9% in the first quarter. Strategic Investment Advisors MI now owns 1,026 shares of the retailer’s stock worth $591,000 after buying an additional 19 shares during the last quarter. Tempus Wealth Planning LLC boosted its stake in shares of Costco Wholesale by 1.0% in the fourth quarter. Tempus Wealth Planning LLC now owns 1,962 shares of the retailer’s stock worth $1,114,000 after buying an additional 20 shares during the last quarter. Finally, Palisades Hudson Asset Management L.P. boosted its stake in shares of Costco Wholesale by 1.4% in the fourth quarter. Palisades Hudson Asset Management L.P. now owns 1,468 shares of the retailer’s stock worth $833,000 after buying an additional 20 shares during the last quarter. Institutional investors own 67.52% of the company’s stock.

Costco Wholesale Stock Down 1.0 %

NASDAQ:COST traded down $5.28 during midday trading on Friday, reaching $538.00. The company had a trading volume of 45,794 shares, compared to its average volume of 2,274,878. The firm has a market capitalization of $238.31 billion, a price-to-earnings ratio of 42.40, a PEG ratio of 4.57 and a beta of 0.69. The stock’s fifty day simple moving average is $491.52 and its 200-day simple moving average is $514.76. Costco Wholesale Co. has a 12-month low of $406.51 and a 12-month high of $612.27. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32.

Costco Wholesale (NASDAQ:COSTGet Rating) last announced its quarterly earnings results on Thursday, May 26th. The retailer reported $3.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.00 by $0.17. The company had revenue of $52.60 billion during the quarter, compared to the consensus estimate of $51.49 billion. Costco Wholesale had a return on equity of 29.71% and a net margin of 2.60%. Costco Wholesale’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $2.75 EPS. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 13.05 earnings per share for the current fiscal year.

Costco Wholesale Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 12th. Stockholders of record on Friday, July 29th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.07%. The ex-dividend date of this dividend is Thursday, July 28th. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.35%.

Insider Transactions at Costco Wholesale

In other news, VP James P. Murphy sold 1,500 shares of Costco Wholesale stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total transaction of $787,800.00. Following the sale, the vice president now owns 36,230 shares in the company, valued at $19,027,996. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP James P. Murphy sold 1,500 shares of the business’s stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total value of $787,800.00. Following the transaction, the vice president now owns 36,230 shares in the company, valued at approximately $19,027,996. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth D. Denman sold 300 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $521.68, for a total value of $156,504.00. Following the completion of the transaction, the director now owns 5,197 shares in the company, valued at approximately $2,711,170.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,300 shares of company stock worth $2,609,904. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. The Goldman Sachs Group increased their price target on Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a research report on Thursday. StockNews.com upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, July 15th. Stifel Nicolaus raised their target price on Costco Wholesale from $555.00 to $565.00 in a research report on Thursday, May 5th. Credit Suisse Group cut their price target on Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating for the company in a report on Friday, May 27th. Finally, Deutsche Bank Aktiengesellschaft raised Costco Wholesale from a “hold” rating to a “buy” rating and increased their price target for the company from $525.00 to $579.00 in a report on Thursday, July 14th. Four equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $576.68.

Costco Wholesale Company Profile

(Get Rating)

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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