Jacobs & Co. CA Sells 430 Shares of Costco Wholesale Co. (NASDAQ:COST)

Jacobs & Co. CA cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 29,613 shares of the retailer’s stock after selling 430 shares during the period. Costco Wholesale accounts for about 2.2% of Jacobs & Co. CA’s portfolio, making the stock its 8th largest position. Jacobs & Co. CA’s holdings in Costco Wholesale were worth $19,547,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of COST. United Bank raised its position in shares of Costco Wholesale by 9.2% during the 1st quarter. United Bank now owns 5,254 shares of the retailer’s stock worth $3,026,000 after purchasing an additional 444 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Costco Wholesale by 33.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 383,691 shares of the retailer’s stock worth $220,948,000 after acquiring an additional 96,566 shares during the period. Covestor Ltd grew its stake in Costco Wholesale by 87.1% in the 1st quarter. Covestor Ltd now owns 232 shares of the retailer’s stock worth $134,000 after acquiring an additional 108 shares during the period. Bridgefront Capital LLC purchased a new stake in shares of Costco Wholesale during the 1st quarter valued at $333,000. Finally, Next Century Growth Investors LLC grew its stake in shares of Costco Wholesale by 0.9% during the 1st quarter. Next Century Growth Investors LLC now owns 3,414 shares of the retailer’s stock valued at $1,965,000 after buying an additional 30 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on COST. Evercore ISI boosted their price objective on shares of Costco Wholesale from $640.00 to $650.00 and gave the company an “outperform” rating in a research note on Tuesday, December 12th. Northcoast Research cut shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price target for the company. in a research report on Wednesday, December 20th. Stifel Nicolaus upped their price target on shares of Costco Wholesale from $615.00 to $675.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. Wells Fargo & Company upped their price target on shares of Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 8th. Finally, Truist Financial upped their price target on shares of Costco Wholesale from $693.00 to $741.00 and gave the stock a “buy” rating in a research report on Thursday, December 21st. Seven analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $668.50.

Insiders Place Their Bets

In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the company’s stock in a transaction dated Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares in the company, valued at approximately $8,967,534.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, insider Daniel M. Hines sold 1,400 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $662.30, for a total value of $927,220.00. Following the completion of the transaction, the insider now owns 13,922 shares of the company’s stock, valued at approximately $9,220,540.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $723.48, for a total transaction of $1,043,258.16. Following the completion of the transaction, the director now directly owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,582 shares of company stock worth $10,736,778. Insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $732.08 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a fifty-two week low of $476.75 and a fifty-two week high of $787.08. The firm has a 50-day simple moving average of $723.33 and a 200 day simple moving average of $641.98. The company has a market cap of $324.68 billion, a PE ratio of 47.88, a P/E/G ratio of 5.07 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The business had revenue of $58.44 billion during the quarter, compared to the consensus estimate of $59.11 billion. During the same quarter in the prior year, the firm earned $3.30 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, sell-side analysts anticipate that Costco Wholesale Co. will post 15.78 EPS for the current year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 0.56%. The ex-dividend date of this dividend was Thursday, February 1st. Costco Wholesale’s dividend payout ratio (DPR) is 26.68%.

Costco Wholesale 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.