Frank Rimerman Advisors LLC Trims Holdings in Costco Wholesale Co. (NASDAQ:COST)

Frank Rimerman Advisors LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 26.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,690 shares of the retailer’s stock after selling 2,706 shares during the quarter. Costco Wholesale makes up about 0.5% of Frank Rimerman Advisors LLC’s holdings, making the stock its 25th biggest holding. Frank Rimerman Advisors LLC’s holdings in Costco Wholesale were worth $7,046,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of COST. Greykasell Wealth Strategies Inc. purchased a new stake in Costco Wholesale during the 4th quarter valued at approximately $2,154,000. Zevin Asset Management LLC boosted its position in shares of Costco Wholesale by 6.8% during the 4th quarter. Zevin Asset Management LLC now owns 30,579 shares of the retailer’s stock valued at $28,019,000 after acquiring an additional 1,942 shares during the last quarter. Hills Bank & Trust Co lifted its position in Costco Wholesale by 2.0% in the fourth quarter. Hills Bank & Trust Co now owns 8,829 shares of the retailer’s stock worth $8,090,000 after buying an additional 176 shares during the last quarter. J. L. Bainbridge & Co. Inc. lifted its position in Costco Wholesale by 19.2% in the fourth quarter. J. L. Bainbridge & Co. Inc. now owns 621 shares of the retailer’s stock worth $569,000 after buying an additional 100 shares during the last quarter. Finally, Kestra Advisory Services LLC lifted its position in Costco Wholesale by 8.5% in the fourth quarter. Kestra Advisory Services LLC now owns 74,864 shares of the retailer’s stock worth $68,595,000 after buying an additional 5,844 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Up 1.5 %

COST stock opened at $903.92 on Friday. The firm has a market cap of $401.25 billion, a P/E ratio of 53.08, a P/E/G 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 business’s 50 day moving average is $989.80 and its 200-day moving average is $944.22. 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 posted its quarterly earnings data on Thursday, March 6th. The retailer reported $4.02 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities analysts anticipate 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. Shareholders of record on Friday, February 7th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, February 7th. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Analyst Ratings Changes

Several analysts have recently weighed in on COST shares. Raymond James lifted their target price on Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Evercore ISI boosted their price target on Costco Wholesale from $1,050.00 to $1,070.00 and gave the stock an “outperform” rating in a research note on Tuesday. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Monday, March 3rd. UBS Group lifted their target price on Costco Wholesale from $840.00 to $1,040.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, BMO Capital Markets lifted their target price on Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and a consensus price target of $1,030.43.

Insiders Place Their Bets

In related news, CEO Roland Michael Vachris sold 3,600 shares of Costco Wholesale stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $931.00, for a total transaction of $3,351,600.00. Following the completion of the transaction, the chief executive officer now owns 41,077 shares in the company, valued at approximately $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale 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.