Tributary Capital Management LLC Has $692,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Tributary Capital Management LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 26.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 945 shares of the retailer’s stock after selling 340 shares during the period. Tributary Capital Management LLC’s holdings in Costco Wholesale were worth $692,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Enterprise Financial Services Corp boosted its holdings 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 purchasing an additional 14 shares during the last quarter. Hoxton Planning & Management LLC boosted its stake in Costco Wholesale by 0.9% in the first quarter. Hoxton Planning & Management LLC now owns 1,535 shares of the retailer’s stock valued at $1,125,000 after acquiring an additional 14 shares during the last quarter. Investment Research & Advisory Group Inc. boosted its stake in Costco Wholesale by 0.3% in the first quarter. Investment Research & Advisory Group Inc. now owns 4,472 shares of the retailer’s stock valued at $3,276,000 after acquiring an additional 14 shares during the last quarter. Resurgent Financial Advisors LLC boosted its stake in Costco Wholesale by 1.0% in the first quarter. Resurgent Financial Advisors LLC now owns 1,371 shares of the retailer’s stock valued at $1,004,000 after acquiring an additional 14 shares during the last quarter. Finally, Howard Financial Services LTD. boosted its stake 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 acquiring an additional 15 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of a number of research analyst reports. Roth Mkm reiterated a “neutral” rating and issued a $676.00 target price (up from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Oppenheimer boosted their price target on shares of Costco Wholesale from $850.00 to $905.00 and gave the company an “outperform” rating in a research report on Thursday, June 6th. Truist Financial upped their target price on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, May 31st. DA Davidson reaffirmed a “neutral” rating and set a $680.00 target price on shares of Costco Wholesale in a report on Thursday, April 11th. Finally, Loop Capital upped their target price on shares of Costco Wholesale from $890.00 to $940.00 and gave the stock a “buy” rating in a report on Friday, June 14th. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $758.70.

Insider Transactions at Costco Wholesale

In other news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction dated Wednesday, April 17th. The shares were sold at an average price of $722.86, for a total value of $567,445.10. Following the sale, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at approximately $7,228,600. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.2 %

Costco Wholesale stock traded down $1.37 during mid-day trading on Tuesday, reaching $844.30. 87,848 shares of the company traded hands, compared to its average volume of 1,957,223. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The firm’s 50 day moving average price is $801.95 and its 200 day moving average price is $740.64. The firm has a market capitalization of $374.30 billion, a price-to-earnings ratio of 52.40, a P/E/G ratio of 5.63 and a beta of 0.78. Costco Wholesale Co. has a 52-week low of $524.63 and a 52-week high of $873.96.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. The business had revenue of $58.52 billion for the quarter, compared to the consensus estimate of $58.16 billion. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.43 EPS. On average, analysts anticipate that Costco Wholesale Co. will post 15.96 earnings per share for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 10th. Stockholders of record on Friday, April 26th were given a $1.16 dividend. The ex-dividend date of this dividend was Thursday, April 25th. This is an increase from Costco Wholesale’s previous quarterly dividend of $1.02. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.55%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

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.