Bank of New Hampshire Has $5.70 Million Stock Position in Costco Wholesale Corporation $COST

Key Points

• Bank of New Hampshire reduced its stake in Costco Wholesale by 5.2%, now holding shares valued at $5.7 million, making Costco 18th in their investment portfolio.
• Recent transactions by insiders included EVP Yoram Rubanenko selling 4,000 shares worth approximately $3.9 million, indicating a 40.92% decrease in his position.
• Costco announced a quarterly dividend of $1.30 per share, representing an annualized dividend of $5.20 and a yield of 0.5%.

Bank of New Hampshire reduced its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 5.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,758 shares of the retailer's stock after selling 313 shares during the period. Costco Wholesale makes up approximately 1.4% of Bank of New Hampshire's holdings, making the stock its 18th biggest holding. Bank of New Hampshire's holdings in Costco Wholesale were worth $5,700,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bulwark Capital Corp acquired a new stake in shares of Costco Wholesale in the second quarter valued at approximately $25,000. Investment Management Corp VA ADV acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC raised its holdings in shares of Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer's stock valued at $38,000 after purchasing an additional 36 shares during the last quarter. eCIO Inc. acquired a new stake in shares of Costco Wholesale in the first quarter valued at approximately $48,000. Finally, Aspect Partners LLC raised its holdings in shares of Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after purchasing an additional 11 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Costco Wholesale Stock Performance

NASDAQ:COST opened at $960.10 on Tuesday. The company has a market capitalization of $425.79 billion, a PE ratio of 54.46, a P/E/G ratio of 5.45 and a beta of 0.97. The company has a 50 day simple moving average of $959.76 and a two-hundred day simple moving average of $973.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. Costco Wholesale Corporation has a fifty-two week low of $867.16 and a fifty-two week high of $1,078.23.

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 issued a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Friday, August 1st. Costco Wholesale's dividend payout ratio is presently 29.50%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on COST shares. Erste Group Bank downgraded shares of Costco Wholesale from a "buy" rating to a "hold" rating in a report on Tuesday, August 5th. Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Wednesday, August 27th. Evercore ISI lowered their target price on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a report on Tuesday, June 17th. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a report on Thursday, May 29th. Finally, Truist Financial boosted their target price on shares of 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 nine have issued a Hold rating to the company. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of "Moderate Buy" and a consensus target price of $1,056.67.

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.

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