Costco Wholesale Co. (NASDAQ:COST) is Neville Rodie & Shaw Inc.’s 8th Largest Position

Neville Rodie & Shaw Inc. lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,188 shares of the retailer’s stock after selling 326 shares during the quarter. Costco Wholesale accounts for approximately 2.4% of Neville Rodie & Shaw Inc.’s holdings, making the stock its 8th biggest position. Neville Rodie & Shaw Inc.’s holdings in Costco Wholesale were worth $33,158,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the stock. RPg Family Wealth Advisory LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $29,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $58,000. Fairway Wealth LLC grew its stake in shares of Costco Wholesale by 230.0% during the 2nd quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock valued at $56,000 after purchasing an additional 46 shares during the period. Christopher J. Hasenberg Inc grew its stake in shares of Costco Wholesale by 329.4% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock valued at $65,000 after purchasing an additional 56 shares during the period. Finally, VitalStone Financial LLC bought a new stake in shares of Costco Wholesale during the 3rd quarter valued at about $71,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.9 %

Shares of Costco Wholesale stock traded up $8.42 during trading on Monday, hitting $925.00. 841,772 shares of the stock traded hands, compared to its average volume of 1,386,162. The firm has a market cap of $410.61 billion, a P/E ratio of 54.32, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a 52-week low of $654.03 and a 52-week high of $1,008.25. The stock’s fifty day simple moving average is $943.38 and its 200 day simple moving average is $896.64.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.50%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Upgrades and Downgrades

COST has been the subject of a number of recent research reports. 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 Friday. Loop Capital boosted their price objective on Costco Wholesale from $1,005.00 to $1,095.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Truist Financial boosted their price objective on Costco Wholesale from $909.00 to $935.00 and gave the company a “hold” rating in a research note on Friday, December 13th. Barclays boosted their price objective on Costco Wholesale from $850.00 to $940.00 and gave the company an “equal weight” rating in a research note on Friday, December 13th. Finally, Melius Research started coverage on Costco Wholesale in a research note on Monday, September 23rd. They set a “hold” rating and a $950.00 price objective for the company. Nine analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,013.59.

Insiders Place Their Bets

In related news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total transaction of $1,793,420.00. Following the completion of the sale, the executive vice president now owns 10,210 shares of the company’s stock, valued at $9,155,409.10. The trade was a 16.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Richard A. Galanti sold 1,416 shares of Costco Wholesale stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $894.68, for a total value of $1,266,866.88. Following the transaction, the executive vice president now owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,816 shares of company stock valued at $6,981,347. 0.18% of the stock is currently 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.