S.A. Mason LLC Has $3.44 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

S.A. Mason LLC reduced its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,213 shares of the retailer’s stock after selling 60 shares during the quarter. Costco Wholesale comprises 2.3% of S.A. Mason LLC’s holdings, making the stock its 10th largest holding. S.A. Mason LLC’s holdings in Costco Wholesale were worth $3,441,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. B. Riley Wealth Advisors Inc. raised its stake in Costco Wholesale by 1.0% during the third quarter. B. Riley Wealth Advisors Inc. now owns 28,855 shares of the retailer’s stock worth $16,302,000 after buying an additional 273 shares during the last quarter. Keating Investment Counselors Inc. boosted its position in shares of Costco Wholesale by 43.0% during the 3rd quarter. Keating Investment Counselors Inc. now owns 2,643 shares of the retailer’s stock valued at $1,493,000 after purchasing an additional 795 shares in the last quarter. Rice Partnership LLC grew its stake in Costco Wholesale by 21.0% during the third quarter. Rice Partnership LLC now owns 11,741 shares of the retailer’s stock worth $6,633,000 after purchasing an additional 2,038 shares during the period. Cyndeo Wealth Partners LLC lifted its stake in Costco Wholesale by 79.6% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 10,358 shares of the retailer’s stock valued at $6,837,000 after buying an additional 4,592 shares during the period. Finally, Resources Management Corp CT ADV boosted its holdings in shares of Costco Wholesale by 1,396.0% during the 2nd quarter. Resources Management Corp CT ADV now owns 14,960 shares of the retailer’s stock worth $8,054,000 after buying an additional 13,960 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 0.2 %

Costco Wholesale stock opened at $732.08 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.93 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $324.68 billion, a P/E ratio of 47.88, a P/E/G ratio of 5.07 and a beta of 0.77. The firm has a 50 day moving average price of $723.33 and a 200-day moving average price of $641.98. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month high of $787.08.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, March 7th. The retailer reported $3.71 earnings per share for the quarter, beating the consensus estimate of $3.62 by $0.09. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. The business had revenue of $58.44 billion during the quarter, compared to analyst estimates of $59.11 billion. During the same period in the prior year, the company earned $3.30 earnings per share. Costco Wholesale’s revenue was up 5.7% compared to the same quarter last year. As a group, equities analysts predict that Costco Wholesale Co. will post 15.78 EPS for the current year.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $4.08 dividend on an annualized basis and a yield of 0.56%. Costco Wholesale’s dividend payout ratio is presently 26.68%.

Insider Activity

In related news, VP Yoram Rubanenko sold 2,500 shares of Costco Wholesale stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total value of $1,700,825.00. Following the completion of the transaction, the vice president now directly owns 5,910 shares in the company, valued at approximately $4,020,750.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, EVP Caton Frates sold 740 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $683.50, for a total transaction of $505,790.00. Following the sale, the executive vice president now owns 6,721 shares of the company’s stock, valued at approximately $4,593,803.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Yoram Rubanenko sold 2,500 shares of the firm’s stock in a transaction on Thursday, January 18th. The shares were sold at an average price of $680.33, for a total transaction of $1,700,825.00. Following the completion of the transaction, the vice president now directly owns 5,910 shares of the company’s stock, valued at $4,020,750.30. The disclosure for this sale can be found here. Insiders have sold a total of 15,582 shares of company stock valued at $10,736,778 over the last quarter. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on COST. Loop Capital boosted their target price on shares of Costco Wholesale from $710.00 to $755.00 in a research report on Friday, January 19th. Northcoast Research lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and set a $620.00 price objective on the stock. in a report on Wednesday, December 20th. Truist Financial boosted their target price on Costco Wholesale from $693.00 to $741.00 and gave the company a “buy” rating in a research report on Thursday, December 21st. Evercore ISI upped their price target on Costco Wholesale from $640.00 to $650.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 12th. Finally, Tigress Financial raised their price objective on Costco Wholesale from $745.00 to $870.00 and gave the company a “buy” rating in a research note on Friday, March 15th. Seven research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $668.50.

About Costco Wholesale

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.