Avantax Planning Partners Inc. Sells 48 Shares of Costco Wholesale Co. (NASDAQ:COST)

Avantax Planning Partners Inc. decreased its holdings in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 0.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,029 shares of the retailer’s stock after selling 48 shares during the period. Avantax Planning Partners Inc.’s holdings in Costco Wholesale were worth $2,896,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Fortune 45 LLC boosted its stake in shares of Costco Wholesale by 8.6% in the first quarter. Fortune 45 LLC now owns 696 shares of the retailer’s stock worth $401,000 after acquiring an additional 55 shares during the period. CHICAGO TRUST Co NA lifted its position in shares of Costco Wholesale by 3.6% in the first quarter. CHICAGO TRUST Co NA now owns 6,081 shares of the retailer’s stock worth $3,502,000 after buying an additional 209 shares in the last quarter. Twin Capital Management Inc. lifted its position in shares of Costco Wholesale by 1.3% in the first quarter. Twin Capital Management Inc. now owns 7,728 shares of the retailer’s stock worth $4,450,000 after buying an additional 101 shares in the last quarter. Schmidt P J Investment Management Inc. lifted its position in shares of Costco Wholesale by 117.4% in the first quarter. Schmidt P J Investment Management Inc. now owns 6,332 shares of the retailer’s stock worth $3,367,000 after buying an additional 3,419 shares in the last quarter. Finally, Balentine LLC lifted its position in shares of Costco Wholesale by 70.3% in the first quarter. Balentine LLC now owns 4,541 shares of the retailer’s stock worth $2,615,000 after buying an additional 1,874 shares in the last quarter. Institutional investors own 67.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on COST. StockNews.com upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, July 15th. The Goldman Sachs Group boosted their target price on Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a research report on Thursday. Loop Capital decreased their price objective on Costco Wholesale from $650.00 to $610.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. Robert W. Baird decreased their price objective on Costco Wholesale from $600.00 to $560.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. Finally, Stifel Nicolaus upped their price objective on Costco Wholesale from $555.00 to $565.00 in a research report on Thursday, May 5th. Four research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $576.68.

Insider Buying and Selling at Costco Wholesale

In related news, Director Mary Agnes Wilderotter bought 850 shares of the company’s stock in a transaction on Tuesday, June 7th. The shares were acquired at an average price of $470.74 per share, with a total value of $400,129.00. Following the transaction, the director now owns 11,295 shares of the company’s stock, valued at $5,317,008.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, Director Mary Agnes Wilderotter bought 850 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, June 7th. The stock was bought at an average price of $470.74 per share, for a total transaction of $400,129.00. Following the purchase, the director now directly owns 11,295 shares of the company’s stock, valued at approximately $5,317,008.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP James P. Murphy sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $464.00, for a total value of $1,160,000.00. Following the completion of the transaction, the vice president now owns 37,730 shares of the company’s stock, valued at approximately $17,506,720. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,300 shares of company stock valued at $2,609,904. 0.22% of the stock is currently owned by corporate insiders.

Costco Wholesale Trading Down 0.5 %

NASDAQ:COST traded down $2.61 during midday trading on Friday, hitting $540.67. The stock had a trading volume of 1,711,488 shares, compared to its average volume of 2,268,652. Costco Wholesale Co. has a one year low of $406.51 and a one year high of $612.27. The company has a market capitalization of $239.50 billion, a price-to-earnings ratio of 42.57, a PEG ratio of 4.53 and a beta of 0.69. The stock has a 50-day moving average of $492.92 and a 200 day moving average of $515.12. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32.

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

Costco Wholesale Cuts Dividend

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

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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