Twin Capital Management Inc. Has $5.05 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Twin Capital Management Inc. lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 7,650 shares of the retailer’s stock after selling 130 shares during the quarter. Twin Capital Management Inc.’s holdings in Costco Wholesale were worth $5,050,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Richelieu Gestion SA acquired a new position in Costco Wholesale in the fourth quarter worth $25,000. Sanctuary Wealth Management L.L.C. acquired a new position in Costco Wholesale in the fourth quarter worth $26,000. Morton Brown Family Wealth LLC boosted its stake in Costco Wholesale by 200.0% in the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after purchasing an additional 30 shares in the last quarter. Steph & Co. boosted its stake in Costco Wholesale by 42.3% in the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock worth $42,000 after purchasing an additional 22 shares in the last quarter. Finally, Valued Wealth Advisors LLC bought a new stake in shares of Costco Wholesale during the fourth quarter worth $49,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, Director W Craig Jelinek sold 8,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The stock was sold at an average price of $685.93, for a total transaction of $5,487,440.00. Following the completion of the transaction, the director now directly owns 216,212 shares of the company’s stock, valued at $148,306,297.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Claudine Adamo sold 1,500 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $714.83, for a total transaction of $1,072,245.00. Following the completion of the transaction, the executive vice president now directly owns 6,695 shares of the company’s stock, valued at $4,785,786.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Craig Jelinek sold 8,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were sold at an average price of $685.93, for a total value of $5,487,440.00. Following the transaction, the director now directly owns 216,212 shares of the company’s stock, valued at $148,306,297.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,942 shares of company stock valued at $7,602,943. Insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Gordon Haskett downgraded Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price for the company. in a research report on Wednesday, April 3rd. Evercore ISI boosted their target price on Costco Wholesale from $795.00 to $805.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Wells Fargo & Company upped their price objective on Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a report on Thursday, February 8th. Oppenheimer upped their price objective on Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Finally, Roth Mkm upped their price objective on Costco Wholesale from $601.00 to $650.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $691.28.

Costco Wholesale Stock Down 0.4 %

Shares of COST stock traded down $2.88 on Thursday, hitting $712.31. 834,376 shares of the stock were exchanged, compared to its average volume of 2,083,885. The company has a current ratio of 0.93, a quick ratio of 0.43 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $315.91 billion, a P/E ratio of 46.85, a price-to-earnings-growth ratio of 4.77 and a beta of 0.77. The business has a 50-day moving average of $730.83 and a 200 day moving average of $659.23. Costco Wholesale Co. has a fifty-two week low of $476.75 and a fifty-two week high of $787.08.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, topping the consensus estimate of $3.62 by $0.09. The company had revenue of $58.44 billion during the quarter, compared to analysts’ expectations of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. Costco Wholesale’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.30 earnings per share. Equities analysts anticipate that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Investors of record on Friday, April 26th will be given a dividend of $1.16 per share. The ex-dividend date is Thursday, April 25th. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 annualized dividend and a yield of 0.65%. Costco Wholesale’s dividend payout ratio is 26.68%.

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.