Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Tanager Wealth Management LLP

Tanager Wealth Management LLP lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 367 shares of the retailer’s stock after selling 69 shares during the period. Tanager Wealth Management LLP’s holdings in Costco Wholesale were worth $248,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley lifted its holdings in Costco Wholesale by 18.0% in the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock valued at $3,941,708,000 after purchasing an additional 1,315,174 shares in the last quarter. Moneta Group Investment Advisors LLC raised its position in shares of Costco Wholesale by 118,320.2% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock valued at $3,376,513,000 after buying an additional 7,390,278 shares during the last quarter. Northern Trust Corp boosted its position in Costco Wholesale by 4.3% during the third quarter. Northern Trust Corp now owns 5,134,947 shares of the retailer’s stock worth $2,901,040,000 after acquiring an additional 210,586 shares during the last quarter. Norges Bank purchased a new stake in Costco Wholesale in the 4th quarter worth approximately $2,328,844,000. Finally, International Assets Investment Management LLC raised its holdings in Costco Wholesale by 61,693.5% in the 4th quarter. International Assets Investment Management LLC now owns 3,105,124 shares of the retailer’s stock valued at $2,049,630,000 after acquiring an additional 3,100,099 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other 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 sale, the executive vice president now directly owns 6,695 shares in the company, valued at approximately $4,785,786.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director W Craig Jelinek sold 8,000 shares of Costco Wholesale 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 sale, the director now owns 216,212 shares of the company’s stock, valued at $148,306,297.16. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 value 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,727 shares of company stock worth $8,170,388. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Evercore ISI upped their price target on shares of Costco Wholesale from $795.00 to $805.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Loop Capital dropped their price objective on Costco Wholesale from $830.00 to $820.00 and set a “buy” rating for the company in a report on Thursday, April 11th. Truist Financial lifted their target price on Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a report on Thursday, December 21st. Roth Mkm upped their price target on Costco Wholesale from $601.00 to $650.00 and gave the stock a “neutral” rating in a research note on Thursday, April 11th. Finally, Gordon Haskett lowered Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price objective on the stock. in a research note on Wednesday, April 3rd. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $691.28.

Costco Wholesale Stock Performance

COST stock traded down $1.74 during trading on Friday, hitting $709.51. 2,188,979 shares of the company’s stock traded hands, compared to its average volume of 2,098,958. The stock has a market capitalization of $314.67 billion, a price-to-earnings ratio of 46.40, a price-to-earnings-growth ratio of 4.76 and a beta of 0.77. Costco Wholesale Co. has a 52 week low of $476.75 and a 52 week high of $787.08. The stock has a fifty day moving average price of $730.57 and a two-hundred day moving average price of $659.59. 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 (NASDAQ:COST) last posted its quarterly earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating the consensus estimate of $3.62 by $0.09. The business had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. Costco Wholesale had a net margin of 2.73% and a return on equity of 28.80%. The company’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the previous year, the business posted $3.30 EPS. As a group, equities analysts anticipate that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 10th. Stockholders of record on Friday, April 26th will be given a dividend of $1.16 per share. 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. The ex-dividend date is Thursday, April 25th. Costco Wholesale’s dividend payout ratio is presently 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.