Hutchinson Capital Management CA Has $1.37 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Hutchinson Capital Management CA decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 7.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,492 shares of the retailer’s stock after selling 112 shares during the quarter. Hutchinson Capital Management CA’s holdings in Costco Wholesale were worth $1,367,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of COST. Swedbank AB grew its position in shares of Costco Wholesale by 1.5% during the 3rd quarter. Swedbank AB now owns 443,747 shares of the retailer’s stock worth $393,391,000 after buying an additional 6,495 shares during the period. United Bank boosted its stake in Costco Wholesale by 7.5% during the 3rd quarter. United Bank now owns 5,962 shares of the retailer’s stock worth $5,285,000 after acquiring an additional 416 shares during the last quarter. Curi RMB Capital LLC boosted its stake in Costco Wholesale by 47.9% during the 3rd quarter. Curi RMB Capital LLC now owns 2,721 shares of the retailer’s stock worth $2,412,000 after acquiring an additional 881 shares during the last quarter. Valley Wealth Managers Inc. boosted its stake in Costco Wholesale by 2.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 1,132 shares of the retailer’s stock worth $1,004,000 after acquiring an additional 25 shares during the last quarter. Finally, Coastline Trust Co boosted its stake in Costco Wholesale by 3.7% during the 3rd quarter. Coastline Trust Co now owns 9,022 shares of the retailer’s stock worth $7,998,000 after acquiring an additional 324 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, CEO Roland Michael Vachris sold 3,600 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $931.00, for a total value of $3,351,600.00. Following the transaction, the chief executive officer now directly owns 41,077 shares in the company, valued at $38,242,687. The trade was a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Loop Capital reduced their price objective on shares of 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. Wells Fargo & Company lifted their price objective on shares of 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. Sanford C. Bernstein reissued an “outperform” rating on shares of Costco Wholesale in a research note on Friday, March 7th. BMO Capital Markets lifted their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, DA Davidson lifted their price target on shares of Costco Wholesale from $900.00 to $1,000.00 and gave the company a “neutral” rating in a research note on Thursday, February 6th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,030.43.

Costco Wholesale Price Performance

Shares of COST opened at $903.92 on Friday. The company has a market cap of $401.25 billion, a price-to-earnings ratio of 53.08, a PEG ratio of 6.15 and a beta of 0.81. Costco Wholesale Co. has a 1-year low of $697.27 and a 1-year high of $1,078.24. The company’s fifty day simple moving average is $989.80 and its 200 day simple moving average is $944.47. The company has a current ratio of 0.98, a quick ratio of 0.43 and a debt-to-equity ratio of 0.23.

Costco Wholesale (NASDAQ:COST) last issued its earnings results 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). The firm had revenue of $63.72 billion for the quarter, compared to analyst estimates of $63.02 billion. Costco Wholesale had a return on equity of 32.31% and a net margin of 2.93%. On average, research analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

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

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.