Hutchinson Capital Management CA Has $433,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Hutchinson Capital Management CA reduced its stake in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 6.6% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 656 shares of the retailer’s stock after selling 46 shares during the period. Hutchinson Capital Management CA’s holdings in Costco Wholesale were worth $433,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Richelieu Gestion SA bought a new position in shares of Costco Wholesale during the 4th quarter valued at approximately $25,000. Morton Brown Family Wealth LLC lifted its holdings in Costco Wholesale by 200.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock valued at $30,000 after purchasing an additional 30 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new position in Costco Wholesale during the fourth quarter worth about $30,000. Steph & Co. raised its position in shares of Costco Wholesale by 42.3% in the third quarter. Steph & Co. now owns 74 shares of the retailer’s stock valued at $42,000 after purchasing an additional 22 shares during the period. Finally, Valued Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $49,000. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $7,228,600. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, EVP Russell D. Miller sold 785 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were 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 disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 1.0 %

Shares of NASDAQ COST traded up $8.15 during midday trading on Friday, hitting $787.19. 1,651,904 shares of the company traded hands, compared to its average volume of 1,659,794. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. Costco Wholesale Co. has a 12-month low of $476.75 and a 12-month high of $787.45. The stock has a 50-day moving average price of $732.23 and a 200 day moving average price of $677.29. The firm has a market cap of $349.12 billion, a P/E ratio of 51.48, a P/E/G ratio of 5.04 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last released its earnings results on Thursday, March 7th. The retailer reported $3.71 EPS for the quarter, beating analysts’ consensus estimates 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%. The firm’s revenue for the quarter was up 5.7% compared to the same quarter last year. During the same quarter last year, the business posted $3.30 EPS. As a group, analysts expect that Costco Wholesale Co. will post 15.84 earnings per share for the current year.

Costco Wholesale Increases Dividend

The firm 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. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 dividend on an annualized basis and a yield of 0.59%. The ex-dividend date of this dividend is Thursday, April 25th. Costco Wholesale’s dividend payout ratio (DPR) is 30.35%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Oppenheimer raised their price target on Costco Wholesale from $760.00 to $805.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. DA Davidson reiterated a “neutral” rating and set a $680.00 price target on shares of Costco Wholesale in a research report on Thursday, April 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $800.00 price objective on shares of Costco Wholesale in a research note on Monday. Wells Fargo & Company upped their price target on shares of Costco Wholesale from $610.00 to $675.00 and gave the stock an “equal weight” rating in a report on Thursday, February 8th. Finally, 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 research note on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $694.48.

Check Out Our Latest Research Report on COST

Costco Wholesale Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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