Simplicity Wealth LLC Sells 410 Shares of Costco Wholesale Co. (NASDAQ:COST)

Simplicity Wealth LLC cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 28.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,026 shares of the retailer’s stock after selling 410 shares during the period. Simplicity Wealth LLC’s holdings in Costco Wholesale were worth $940,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of COST. RPg Family Wealth Advisory LLC bought a new position in shares of Costco Wholesale during the 3rd quarter valued at about $29,000. Synergy Investment Management LLC bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $31,000. NewSquare Capital LLC increased its position in shares of Costco Wholesale by 250.0% during the 4th quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after purchasing an additional 25 shares during the last quarter. Endeavor Private Wealth Inc. bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $33,000. Finally, Collier Financial bought a new position in shares of Costco Wholesale during the 4th quarter valued at about $35,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 6.1 %

COST opened at $964.31 on Monday. The stock has a market cap of $428.06 billion, a PE ratio of 56.62, a PEG ratio of 6.15 and a beta of 0.82. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $989.69 and a 200-day moving average of $943.88. Costco Wholesale Co. has a 52 week low of $697.27 and a 52 week high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing analysts’ consensus estimates of $4.09 by ($0.07). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The company had revenue of $63.72 billion for the quarter, compared to the consensus estimate of $63.02 billion. Equities research analysts predict that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Investors of record on Friday, February 7th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.48%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Loop Capital reduced their price objective on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating on the stock in a research report on Friday. Roth Mkm increased their target price on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Truist Financial increased their target price on Costco Wholesale from $935.00 to $995.00 and gave the company a “hold” rating in a report on Friday. Jefferies Financial Group increased their target price on Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, Barclays increased their target price on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a report on Friday, December 13th. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,029.00.

Costco Wholesale Company 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.