Rosenblum Silverman Sutton S F Inc. CA Has $17.77 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Rosenblum Silverman Sutton S F Inc. CA trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,395 shares of the retailer’s stock after selling 489 shares during the period. Costco Wholesale comprises about 4.5% of Rosenblum Silverman Sutton S F Inc. CA’s portfolio, making the stock its 7th largest position. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Costco Wholesale were worth $17,771,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in COST. Synergy Investment Management LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at about $31,000. NewSquare Capital LLC boosted its stake in Costco Wholesale by 250.0% in the fourth quarter. NewSquare Capital LLC now owns 35 shares of the retailer’s stock valued at $32,000 after acquiring an additional 25 shares in the last quarter. Endeavor Private Wealth Inc. purchased a new position in Costco Wholesale in the fourth quarter worth $33,000. Collier Financial acquired a new position in shares of Costco Wholesale during the fourth quarter worth $35,000. Finally, Barrett & Company Inc. lifted its holdings in shares of Costco Wholesale by 59.3% during the 4th quarter. Barrett & Company Inc. now owns 43 shares of the retailer’s stock valued at $39,000 after purchasing an additional 16 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In related news, EVP Gary Millerchip sold 1,100 shares of the company’s stock in a transaction dated Thursday, March 27th. The shares were sold at an average price of $940.01, for a total transaction of $1,034,011.00. Following the completion of the sale, the executive vice president now owns 11,165 shares of the company’s stock, valued at approximately $10,495,211.65. This represents a 8.97 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Roland Michael Vachris sold 3,600 shares of the firm’s stock in a transaction that occurred on 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 directly owns 41,077 shares in the company, valued at $38,242,687. This trade represents a 8.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,600 shares of company stock valued at $5,215,915 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $967.08 on Friday. The company has a fifty day moving average of $989.17 and a two-hundred day moving average of $947.61. Costco Wholesale Co. has a fifty-two week low of $702.00 and a fifty-two week high of $1,078.24. The stock has a market capitalization of $429.08 billion, a PE ratio of 56.79, a P/E/G ratio of 6.15 and a beta of 0.82. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.43 and a current ratio of 0.98.

Costco Wholesale (NASDAQ:COST) last issued its quarterly 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). Costco Wholesale had a net margin of 2.93% and a return on equity of 32.31%. The company had revenue of $63.72 billion during the quarter, compared to analysts’ expectations of $63.02 billion. As a group, research analysts forecast that Costco Wholesale Co. will post 18.03 earnings per share for the current fiscal year.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were paid a dividend of $1.16 per share. The ex-dividend date was Friday, February 7th. This represents a $4.64 annualized dividend and a yield of 0.48%. Costco Wholesale’s dividend payout ratio (DPR) is presently 27.09%.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Robert W. Baird upped their target price on Costco Wholesale from $1,075.00 to $1,125.00 and gave the company an “outperform” rating in a research report on Friday, March 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of Costco Wholesale in a research report on Friday, March 7th. Jefferies Financial Group boosted their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Loop Capital decreased their price target on shares of Costco Wholesale from $1,150.00 to $1,135.00 and set a “buy” rating for the company in a report on Friday, March 7th. Finally, Roth Mkm boosted their price objective on shares of Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,029.00.

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.