Atlantic Union Bankshares Corp cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 7.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,660 shares of the retailer’s stock after selling 452 shares during the quarter. Atlantic Union Bankshares Corp’s holdings in Costco Wholesale were worth $4,147,000 at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Enterprise Financial Services Corp boosted its stake in Costco Wholesale by 1.6% during the fourth quarter. Enterprise Financial Services Corp now owns 892 shares of the retailer’s stock worth $589,000 after buying an additional 14 shares during the last quarter. Hoxton Planning & Management LLC boosted its stake in Costco Wholesale by 0.9% during the first quarter. Hoxton Planning & Management LLC now owns 1,535 shares of the retailer’s stock worth $1,125,000 after buying an additional 14 shares during the last quarter. Howard Financial Services LTD. raised its position in Costco Wholesale by 1.8% in the fourth quarter. Howard Financial Services LTD. now owns 870 shares of the retailer’s stock valued at $574,000 after purchasing an additional 15 shares during the period. First National Corp MA ADV raised its position in Costco Wholesale by 0.5% in the fourth quarter. First National Corp MA ADV now owns 3,098 shares of the retailer’s stock valued at $2,045,000 after purchasing an additional 15 shares during the period. Finally, Morton Capital Management LLC CA raised its position in Costco Wholesale by 1.0% in the fourth quarter. Morton Capital Management LLC CA now owns 1,564 shares of the retailer’s stock valued at $1,032,000 after purchasing an additional 15 shares during the period. 68.48% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Costco Wholesale
In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total transaction of $567,445.10. Following the sale, the executive vice president now owns 10,000 shares in the company, valued at approximately $7,228,600. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.18% of the stock is owned by insiders.
Analysts Set New Price Targets
Check Out Our Latest Analysis on COST
Costco Wholesale Stock Performance
NASDAQ COST opened at $849.99 on Friday. Costco Wholesale Co. has a 1-year low of $524.63 and a 1-year high of $873.96. The company has a market capitalization of $376.83 billion, a P/E ratio of 52.66, a PEG ratio of 5.62 and a beta of 0.79. The business has a 50 day moving average price of $801.95 and a 200 day moving average price of $739.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45.
Costco Wholesale (NASDAQ:COST – Get Free Report) last released its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating the consensus estimate of $3.70 by $0.08. The firm had revenue of $58.52 billion during the quarter, compared to the consensus estimate of $58.16 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. Costco Wholesale’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business posted $3.43 EPS. Sell-side analysts expect that Costco Wholesale Co. will post 15.98 EPS for the current fiscal year.
Costco Wholesale Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, May 10th. Shareholders of record on Friday, April 26th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.55%. The ex-dividend date of this dividend was Thursday, April 25th. This is a boost from Costco Wholesale’s previous quarterly dividend of $1.02. Costco Wholesale’s dividend payout ratio is 28.75%.
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.
Featured Articles
- Five stocks we like better than Costco Wholesale
- Procter & Gamble (NYSE:PG) Pulls Back After Shaky Guidance
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- Investing in Commodities: What Are They? How to Invest in Them
- MarketBeat Week in Review – 6/24 – 6/28
- What does consumer price index measure?
- General Mills Stock Drops After Revenue Miss in Fiscal Q4 2024
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.