Dynamic Advisor Solutions LLC Sells 4,130 Shares of Costco Wholesale Corporation $COST

Dynamic Advisor Solutions LLC lowered its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 17.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 19,859 shares of the retailer’s stock after selling 4,130 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Costco Wholesale were worth $17,125,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in COST. State Street Corp increased its stake in Costco Wholesale by 0.5% during the second quarter. State Street Corp now owns 18,325,416 shares of the retailer’s stock valued at $18,141,062,000 after acquiring an additional 90,107 shares during the period. Norges Bank bought a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $5,692,035,000. Invesco Ltd. lifted its position in shares of Costco Wholesale by 9.8% in the 2nd quarter. Invesco Ltd. now owns 4,291,557 shares of the retailer’s stock worth $4,248,384,000 after acquiring an additional 383,887 shares during the period. Amundi grew its holdings in shares of Costco Wholesale by 45.0% during the 3rd quarter. Amundi now owns 3,176,606 shares of the retailer’s stock worth $2,893,697,000 after purchasing an additional 986,182 shares in the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Costco Wholesale by 1.1% during the 3rd quarter. Fisher Asset Management LLC now owns 3,145,241 shares of the retailer’s stock worth $2,911,331,000 after purchasing an additional 34,826 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In related news, EVP Claudine Adamo sold 730 shares of Costco Wholesale stock in a transaction dated Monday, March 9th. The stock was sold at an average price of $1,003.02, for a total value of $732,204.60. Following the completion of the transaction, the executive vice president directly owned 6,121 shares of the company’s stock, valued at $6,139,485.42. The trade was a 10.66% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP James C. Klauer sold 1,500 shares of the company’s stock in a transaction dated Wednesday, January 14th. The stock was sold at an average price of $939.00, for a total transaction of $1,408,500.00. Following the transaction, the executive vice president owned 44,837 shares in the company, valued at approximately $42,101,943. This trade represents a 3.24% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 7,645 shares of company stock valued at $7,049,302. Insiders own 0.10% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of recent research reports. Robert W. Baird set a $1,100.00 target price on Costco Wholesale in a research note on Thursday, February 5th. Truist Financial lifted their price target on shares of Costco Wholesale from $926.00 to $977.00 and gave the stock a “hold” rating in a research note on Friday, March 6th. DA Davidson reissued a “neutral” rating and issued a $1,000.00 price target on shares of Costco Wholesale in a report on Friday, March 6th. Northcoast Research set a $1,100.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Wednesday, December 24th. Finally, BMO Capital Markets raised their price objective on shares of Costco Wholesale from $1,175.00 to $1,315.00 and gave the stock an “outperform” rating in a report on Friday, March 6th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,039.13.

Costco Wholesale Stock Performance

NASDAQ COST opened at $965.73 on Tuesday. Costco Wholesale Corporation has a 1-year low of $844.06 and a 1-year high of $1,067.08. The company has a 50 day moving average of $984.72 and a 200-day moving average of $938.56. The company has a current ratio of 1.06, a quick ratio of 0.59 and a debt-to-equity ratio of 0.18. The firm has a market cap of $428.45 billion, a price-to-earnings ratio of 50.22, a PEG ratio of 4.80 and a beta of 1.00.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 5th. The retailer reported $4.58 EPS for the quarter, topping the consensus estimate of $4.55 by $0.03. The business had revenue of $69.60 billion for the quarter, compared to the consensus estimate of $68.96 billion. Costco Wholesale had a return on equity of 28.57% and a net margin of 2.99%.Costco Wholesale’s revenue was up 9.2% compared to the same quarter last year. During the same period in the previous year, the business earned $4.02 EPS. On average, equities analysts forecast that Costco Wholesale Corporation will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 13th. Shareholders of record on Friday, January 30th were given a $1.30 dividend. The ex-dividend date was Friday, January 30th. This represents a $5.20 annualized dividend and a yield of 0.5%. Costco Wholesale’s payout ratio is presently 27.04%.

Costco Wholesale Profile

Costco Wholesale Corporation operates a global chain of membership-only warehouse clubs that sell a wide array of merchandise in bulk at discounted prices. The company’s product mix includes groceries, fresh and frozen food, household goods, electronics, apparel, and seasonal items, augmented by its prominent private-label brand, Kirkland Signature. Costco’s business model centers on annual membership fees and high-volume, low-margin sales, designed to drive repeat purchasing and strong customer loyalty among both consumers and small-business buyers.

Beyond merchandise, Costco provides a range of ancillary services that complement its warehouses, including gasoline stations, pharmacy and optical services, hearing aid centers, photo services, and travel and insurance products.