Arbor Capital Management Inc. ADV Trims Stake in Costco Wholesale Co. (NASDAQ:COST)

Arbor Capital Management Inc. ADV lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 27.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,546 shares of the retailer’s stock after selling 596 shares during the quarter. Costco Wholesale makes up about 1.5% of Arbor Capital Management Inc. ADV’s holdings, making the stock its 27th biggest position. Arbor Capital Management Inc. ADV’s holdings in Costco Wholesale were worth $1,484,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cromwell Holdings LLC lifted its stake in Costco Wholesale by 0.9% in the 4th quarter. Cromwell Holdings LLC now owns 1,144 shares of the retailer’s stock valued at $1,048,000 after buying an additional 10 shares in the last quarter. 44 Wealth Management LLC lifted its stake in Costco Wholesale by 0.3% in the 4th quarter. 44 Wealth Management LLC now owns 3,488 shares of the retailer’s stock valued at $3,196,000 after buying an additional 10 shares in the last quarter. SRN Advisors LLC lifted its stake in Costco Wholesale by 0.3% in the 4th quarter. SRN Advisors LLC now owns 3,081 shares of the retailer’s stock valued at $2,823,000 after buying an additional 10 shares in the last quarter. Miramar Capital LLC lifted its stake in Costco Wholesale by 1.9% in the 4th quarter. Miramar Capital LLC now owns 525 shares of the retailer’s stock valued at $481,000 after buying an additional 10 shares in the last quarter. Finally, Sculati Wealth Management LLC lifted its stake in Costco Wholesale by 0.3% in the 3rd quarter. Sculati Wealth Management LLC now owns 3,649 shares of the retailer’s stock valued at $3,235,000 after buying an additional 11 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 1.5 %

Shares of Costco Wholesale stock opened at $903.92 on Monday. The business has a 50-day moving average of $989.80 and a 200-day moving average of $944.86. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.98 and a quick ratio of 0.43. The company has a market capitalization of $401.25 billion, a PE ratio of 53.08, a P/E/G ratio of 6.15 and a beta of 0.82. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24.

Costco Wholesale (NASDAQ:COST) last announced its earnings results on Thursday, March 6th. The retailer reported $4.02 earnings per share for the quarter, missing the consensus estimate of $4.09 by ($0.07). The business had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. As a group, equities analysts forecast that Costco Wholesale Co. will post 18.03 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Stockholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, February 7th. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio is presently 27.09%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on COST shares. Truist Financial increased their price target on Costco Wholesale from $935.00 to $995.00 and gave the stock a “hold” rating in a research note on Friday, March 7th. Wells Fargo & Company increased their price target on Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Loop Capital reduced their price target on Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating on the stock in a research note on Friday, March 7th. Raymond James increased their price target on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research note on Thursday, December 12th. Finally, Robert W. Baird increased their price target on Costco Wholesale from $1,075.00 to $1,125.00 and gave the stock an “outperform” rating in a research note on Friday, March 7th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,030.43.

Insider Activity

In related news, CEO Roland Michael Vachris sold 3,600 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total value of $3,351,600.00. Following the completion of the sale, the chief executive officer now directly owns 41,077 shares of the company’s stock, valued at $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.18% of the company’s stock.

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.