Triasima Portfolio Management inc. Sells 4,314 Shares of Costco Wholesale Corporation $COST

Triasima Portfolio Management inc. lowered its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 90.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 475 shares of the retailer’s stock after selling 4,314 shares during the period. Triasima Portfolio Management inc.’s holdings in Costco Wholesale were worth $410,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in COST. Assenagon Asset Management S.A. grew its holdings in shares of Costco Wholesale by 1,586.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,137,436 shares of the retailer’s stock valued at $980,857,000 after purchasing an additional 1,070,005 shares during the last quarter. Amundi grew its holdings in shares of Costco Wholesale by 45.0% during the 3rd quarter. Amundi now owns 3,176,606 shares of the retailer’s stock valued at $2,893,697,000 after purchasing an additional 986,182 shares during the last quarter. Voloridge Investment Management LLC grew its holdings in shares of Costco Wholesale by 112.2% during the 3rd quarter. Voloridge Investment Management LLC now owns 477,425 shares of the retailer’s stock valued at $441,919,000 after purchasing an additional 252,453 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of Costco Wholesale during the 4th quarter valued at $213,362,000. Finally, Worldquant Millennium Advisors LLC grew its holdings in shares of Costco Wholesale by 638.7% during the 2nd quarter. Worldquant Millennium Advisors LLC now owns 227,310 shares of the retailer’s stock valued at $225,023,000 after purchasing an additional 196,537 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.1%

Shares of COST opened at $1,012.79 on Tuesday. The stock has a market capitalization of $449.32 billion, a P/E ratio of 52.67, a PEG ratio of 4.98 and a beta of 0.92. The company has a quick ratio of 0.59, a current ratio of 1.06 and a debt-to-equity ratio of 0.18. The firm has a fifty day simple moving average of $996.93 and a two-hundred day simple moving average of $950.04. Costco Wholesale Corporation has a twelve month low of $844.06 and a twelve month high of $1,067.08.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, March 11th. The retailer reported $4.58 earnings per share for the quarter, beating the consensus estimate of $4.55 by $0.03. The business had revenue of $69.60 billion during the quarter, compared to analysts’ expectations of $68.96 billion. Costco Wholesale had a net margin of 2.99% and a return on equity of 28.57%. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.02 EPS. On average, research analysts anticipate that Costco Wholesale Corporation will post 20.32 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 15th. Stockholders of record on Friday, May 1st will be given a $1.47 dividend. The ex-dividend date of this dividend is Friday, May 1st. This represents a $5.88 annualized dividend and a dividend yield of 0.6%. This is a positive change from Costco Wholesale’s previous quarterly dividend of $1.30. Costco Wholesale’s dividend payout ratio is 30.58%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on COST. Telsey Advisory Group increased their target price on shares of Costco Wholesale from $1,125.00 to $1,135.00 and gave the company an “outperform” rating in a report on Thursday, April 9th. Oppenheimer increased their target price on shares of Costco Wholesale from $1,050.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Mizuho increased their target price on shares of Costco Wholesale from $1,065.00 to $1,100.00 and gave the company an “outperform” rating in a report on Thursday, April 16th. UBS Group set a $1,175.00 price target on shares of Costco Wholesale in a research report on Friday, March 6th. Finally, Daiwa Securities Group increased their price target on shares of Costco Wholesale from $917.00 to $975.00 and gave the company a “neutral” rating in a research report on Tuesday, March 10th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and an average target price of $1,045.97.

Insider Activity at Costco Wholesale

In other news, EVP Claudine Adamo sold 730 shares of the firm’s stock in a transaction dated Monday, March 9th. The shares were sold at an average price of $1,003.02, for a total value of $732,204.60. Following the completion of the sale, the executive vice president directly owned 6,121 shares of the company’s stock, valued at approximately $6,139,485.42. This trade represents a 10.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.10% of the company’s stock.

Costco Wholesale Profile

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.