Eudaimonia Partners LLC Reduces Holdings in Costco Wholesale Co. (NASDAQ:COST)

Eudaimonia Partners LLC reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTFree Report) by 8.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,010 shares of the retailer’s stock after selling 678 shares during the quarter. Costco Wholesale makes up 1.2% of Eudaimonia Partners LLC’s investment portfolio, making the stock its 17th largest position. Eudaimonia Partners LLC’s holdings in Costco Wholesale were worth $4,627,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in COST. Richelieu Gestion SA purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $25,000. Morton Brown Family Wealth LLC grew its holdings in shares of Costco Wholesale by 200.0% during the fourth quarter. Morton Brown Family Wealth LLC now owns 45 shares of the retailer’s stock worth $30,000 after buying an additional 30 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $30,000. Valued Wealth Advisors LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter worth about $49,000. Finally, Aspire Private Capital LLC grew its holdings in shares of Costco Wholesale by 122.0% during the third quarter. Aspire Private Capital LLC now owns 91 shares of the retailer’s stock worth $52,000 after buying an additional 50 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 1.2 %

Shares of NASDAQ:COST traded up $9.14 during trading on Wednesday, hitting $787.04. The company’s stock had a trading volume of 1,660,927 shares, compared to its average volume of 2,006,448. Costco Wholesale Co. has a fifty-two week low of $476.75 and a fifty-two week high of $789.66. The stock’s 50-day moving average price is $733.66 and its two-hundred day moving average price is $683.98. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.43 and a current ratio of 0.93. The company has a market capitalization of $349.05 billion, a PE ratio of 51.47, a PEG ratio of 5.16 and a beta of 0.77.

Costco Wholesale (NASDAQ:COSTGet Free Report) last announced its earnings results on Thursday, March 7th. The retailer reported $3.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.62 by $0.09. The company had revenue of $58.44 billion for the quarter, compared to analyst estimates of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. Costco Wholesale’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period in the prior year, the company posted $3.30 EPS. As a group, sell-side analysts expect that Costco Wholesale Co. will post 15.84 EPS for the current year.

Costco Wholesale Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.59%. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. The ex-dividend date of this dividend was Thursday, April 25th. Costco Wholesale’s dividend payout ratio is 30.35%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction on Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total transaction of $567,445.10. Following the transaction, the executive vice president now directly owns 10,000 shares in the company, valued at approximately $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Claudine Adamo sold 1,500 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 6,695 shares in the company, valued at $4,785,786.85. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group lifted their price target on shares of Costco Wholesale from $665.00 to $749.00 and gave the stock a “buy” rating in a report on Thursday, February 8th. Evercore ISI upped their price target on shares of Costco Wholesale from $810.00 to $820.00 and gave the stock an “outperform” rating in a research report on Tuesday. Gordon Haskett lowered shares of Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 price target on the stock. in a report on Wednesday, April 3rd. Citigroup upped their price objective on Costco Wholesale from $630.00 to $710.00 and gave the stock a “neutral” rating in a report on Tuesday, April 23rd. Finally, Oppenheimer lifted their target price on Costco Wholesale from $760.00 to $805.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average target price of $695.08.

Get Our Latest Stock 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.

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

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