Dohj LLC Has $2.24 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Dohj LLC cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 26.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,397 shares of the retailer’s stock after selling 1,197 shares during the quarter. Dohj LLC’s holdings in Costco Wholesale were worth $2,242,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Howard Financial Services LTD. grew its position in shares of Costco Wholesale by 1.8% in the 4th 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 grew its position in shares of Costco Wholesale by 0.5% in the 4th 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. Morton Capital Management LLC CA grew its position in shares of Costco Wholesale by 1.0% in the 4th 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. Insight Advisors LLC PA grew its position in shares of Costco Wholesale by 0.6% in the 4th quarter. Insight Advisors LLC PA now owns 2,736 shares of the retailer’s stock valued at $1,807,000 after purchasing an additional 15 shares during the period. Finally, Optas LLC grew its position in shares of Costco Wholesale by 0.6% in the 4th quarter. Optas LLC now owns 2,383 shares of the retailer’s stock valued at $1,573,000 after purchasing an additional 15 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COST has been the topic of several research reports. Wells Fargo & Company boosted their target price on Costco Wholesale from $610.00 to $675.00 and gave the company an “equal weight” rating in a research note on Thursday, February 8th. Gordon Haskett cut Costco Wholesale from a “buy” rating to an “accumulate” rating and set a $775.00 target price on the stock. in a research note on Wednesday, April 3rd. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Friday, April 12th. DA Davidson restated a “neutral” rating and issued a $680.00 target price on shares of Costco Wholesale in a research note on Thursday, April 11th. Finally, Citigroup boosted their target price on Costco Wholesale from $630.00 to $710.00 and gave the company a “neutral” rating in a research note on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $694.48.

Costco Wholesale Price Performance

NASDAQ:COST traded up $7.32 during trading hours on Friday, hitting $729.18. The company’s stock had a trading volume of 1,524,431 shares, compared to its average volume of 1,663,722. The stock has a fifty day simple moving average of $730.41 and a 200-day simple moving average of $666.77. The company has a market capitalization of $323.39 billion, a P/E ratio of 47.69, a PEG ratio of 4.86 and a beta of 0.77. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.93 and a quick ratio of 0.43. Costco Wholesale Co. has a twelve month low of $476.75 and a twelve month high of $787.08.

Costco Wholesale (NASDAQ:COST) last released 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. The business had revenue of $58.44 billion for the quarter, compared to analyst estimates of $59.11 billion. Costco Wholesale had a return on equity of 28.80% and a net margin of 2.73%. Costco Wholesale’s revenue was up 5.7% compared to the same quarter last year. During the same period last year, the firm posted $3.30 earnings per share. On average, analysts anticipate that Costco Wholesale Co. will post 15.84 EPS for the current fiscal year.

Costco Wholesale Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 10th. Shareholders of record on Friday, April 26th will be issued a $1.16 dividend. 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 yield of 0.64%. The ex-dividend date is Thursday, April 25th. Costco Wholesale’s payout ratio is presently 30.35%.

Insiders Place Their Bets

In other Costco Wholesale news, Director Susan L. Decker sold 1,442 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the sale, the director now owns 12,395 shares of the company’s stock, valued at $8,967,534.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Costco Wholesale news, EVP Russell D. Miller sold 785 shares of the company’s stock in a transaction on Wednesday, April 17th. The stock was sold at an average price of $722.86, for a total value of $567,445.10. Following the completion of the transaction, the executive vice president now owns 10,000 shares in the company, valued at approximately $7,228,600. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Decker sold 1,442 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $723.48, for a total value of $1,043,258.16. Following the completion of the transaction, the director now owns 12,395 shares of the company’s stock, valued at approximately $8,967,534.60. The disclosure for this sale can be found here. Over the last three months, insiders sold 3,727 shares of company stock worth $2,682,948. 0.18% of the stock is owned by corporate insiders.

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.