Kiley Juergens Wealth Management LLC Sells 476 Shares of Costco Wholesale Co. (NASDAQ:COST)

Kiley Juergens Wealth Management LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,008 shares of the retailer’s stock after selling 476 shares during the quarter. Costco Wholesale makes up about 7.3% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. Kiley Juergens Wealth Management LLC’s holdings in Costco Wholesale were worth $21,788,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in COST. Richelieu Gestion SA acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $25,000. Sanctuary Wealth Management L.L.C. bought a new stake in Costco Wholesale during the fourth quarter worth $26,000. Morton Brown Family Wealth LLC lifted 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 valued at $30,000 after acquiring an additional 30 shares during the last quarter. Steph & Co. grew its position in shares of Costco Wholesale by 42.3% in the 3rd quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after acquiring an additional 22 shares during the period. Finally, Valued Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the 4th quarter valued at about $49,000. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In other Costco Wholesale news, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the sale, the vice president now owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Costco Wholesale news, Director W Craig Jelinek sold 8,000 shares of the company’s 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 completion of the transaction, the director now directly owns 216,212 shares in the company, valued at approximately $148,306,297.16. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, VP Yoram Rubanenko sold 2,500 shares of the business’s stock in a transaction on Thursday, January 18th. The stock was sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the sale, the vice president now directly owns 5,910 shares in the company, valued at approximately $4,020,750.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,442 shares of company stock worth $9,303,768. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of research analyst reports. Northcoast Research cut Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price target for the company. in a report on Wednesday, December 20th. Telsey Advisory Group reiterated an “outperform” rating and set a $800.00 target price on shares of Costco Wholesale in a research note on Thursday, April 11th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday. Gordon Haskett cut shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective for the company. in a research report on Wednesday, April 3rd. Finally, Wells Fargo & Company raised their price objective 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. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $691.28.

Costco Wholesale Price Performance

NASDAQ:COST traded down $2.31 during mid-day trading on Tuesday, reaching $715.97. The stock had a trading volume of 1,411,594 shares, compared to its average volume of 2,111,535. The stock has a 50-day simple moving average of $730.82 and a two-hundred day simple moving average of $657.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. Costco Wholesale Co. has a 12 month low of $476.75 and a 12 month high of $787.08. The stock has a market capitalization of $317.53 billion, a PE ratio of 46.83, a P/E/G ratio of 4.87 and a beta of 0.77.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The company had revenue of $58.44 billion for the quarter, compared to analyst estimates of $59.11 billion. During the same quarter last year, the company posted $3.30 EPS. The company’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities analysts anticipate that Costco Wholesale Co. will post 15.84 earnings per share for the current year.

Costco Wholesale Increases Dividend

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