Capital Asset Advisory Services LLC Buys 281 Shares of Costco Wholesale Corporation $COST

Key Points

• Capital Asset Advisory Services LLC increased its stake in Costco by 6.4%, now holding a total of 4,686 shares valued at approximately $4.62 million.
• Costco announced a quarterly dividend of $1.30 per share, which translates to a 0.5% dividend yield for stockholders of record on August 1st.
• Several analysts have set new price targets for Costco, with JPMorgan Chase raising its target from $1,115 to $1,160, designating the stock as "overweight."

Capital Asset Advisory Services LLC lifted its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 6.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,686 shares of the retailer's stock after buying an additional 281 shares during the period. Capital Asset Advisory Services LLC's holdings in Costco Wholesale were worth $4,620,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Investment Management Corp VA ADV bought a new stake in shares of Costco Wholesale in the fourth quarter valued at about $25,000. Anderson Financial Strategies LLC lifted its stake 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 buying an additional 36 shares during the period. eCIO Inc. bought a new stake in shares of Costco Wholesale in the first quarter valued at about $48,000. Aspect Partners LLC increased its holdings in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after buying an additional 11 shares during the period. Finally, Capital A Wealth Management LLC bought a new stake in Costco Wholesale in the 4th quarter valued at $58,000. Institutional investors own 68.48% of the company's stock.

Insider Transactions at Costco Wholesale

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

Costco Wholesale Stock Up 0.4%

COST opened at $967.90 on Friday. The firm's 50-day simple moving average is $960.40 and its 200-day simple moving average is $974.64. 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 twelve month low of $867.16 and a twelve month high of $1,078.23. The firm has a market cap of $429.24 billion, a price-to-earnings ratio of 54.90, a PEG ratio of 5.43 and a beta of 0.97.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. Costco Wholesale's dividend payout ratio is presently 29.50%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a report on Thursday, May 29th. JPMorgan Chase & Co. boosted their price target on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an "overweight" rating in a report on Thursday, August 7th. Truist Financial boosted their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a report on Friday, May 30th. Evercore ISI lowered their price target 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. Finally, Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Wednesday, August 27th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,056.67.

Costco Wholesale Company 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.

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