352 Shares in Costco Wholesale Corporation $COST Acquired by MBB Public Markets I LLC

Key Points

• MBB Public Markets I LLC acquired a new position in Costco Wholesale, purchasing 352 shares valued at approximately $333,000 in the first quarter.
• Costco declared a quarterly dividend of $1.30 per share, with a current annualized dividend amount of $5.20 and a yield of 0.5%.
• Costco's stock saw a recent trading price of $963.48 and has a market cap of $427.28 billion, with a 52-week high of $1,078.23 and low of $867.16.

MBB Public Markets I LLC purchased a new position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 352 shares of the retailer's stock, valued at approximately $333,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of COST. Investment Management Corp VA ADV bought a new stake in shares of Costco Wholesale during the 4th quarter worth approximately $25,000. Aspect Partners LLC raised its position in shares of Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after acquiring an additional 11 shares in the last quarter. Capital A Wealth Management LLC purchased a new position in Costco Wholesale during the 4th quarter worth $58,000. Mascagni Wealth Management Inc. purchased a new position in Costco Wholesale during the 4th quarter worth $59,000. Finally, Bank & Trust Co grew its stake in Costco Wholesale by 20.4% during the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer's stock worth $61,000 after buying an additional 11 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Trading Up 0.8%

COST opened at $963.48 on Monday. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23. The business has a fifty day simple moving average of $962.23 and a 200-day simple moving average of $976.69. The firm has a market cap of $427.28 billion, a P/E ratio of 54.65, a P/E/G ratio of 5.42 and a beta of 0.97. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $1.30 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. Costco Wholesale's dividend payout ratio (DPR) is currently 29.50%.

Insider Transactions at Costco Wholesale

In other news, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the sale, the director owned 11,531 shares in the company, valued at approximately $11,300,380. The trade was a 4.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the sale, the executive vice president directly owned 5,774 shares in the company, valued at $5,629,419.04. This represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,147 shares of company stock worth $5,031,130. Corporate insiders own 0.18% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on COST. Telsey Advisory Group reiterated an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research note on Wednesday, August 27th. JPMorgan Chase & Co. upped their target price on Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Erste Group Bank downgraded Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Evercore ISI lowered their target price on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a research note on Tuesday, June 17th. Finally, Truist Financial upped their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Seventeen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,050.00.

About Costco Wholesale

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.