Coppell Advisory Solutions LLC Acquires 3,017 Shares of Costco Wholesale Corporation $COST

Key Points

• Coppell Advisory Solutions LLC increased its holdings in Costco Wholesale by 87.8% during the first quarter, acquiring an additional 3,017 shares for a total of 6,454 shares valued at approximately $6.4 million.
• Wall Street analysts have mixed opinions on Costco, with 17 analysts rating it a Buy and 10 a Hold, while target prices range from $1,035 to $1,160.
• Insider selling has occurred recently, including EVP Teresa A. Jones selling 600 shares and EVP Yoram Rubanenko selling 4,000 shares, signifying a decrease in their respective ownership stakes.

Coppell Advisory Solutions LLC lifted its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 87.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,454 shares of the retailer's stock after acquiring an additional 3,017 shares during the period. Costco Wholesale accounts for approximately 0.5% of Coppell Advisory Solutions LLC's holdings, making the stock its 24th biggest holding. Coppell Advisory Solutions LLC's holdings in Costco Wholesale were worth $6,400,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Investment Management Corp VA ADV purchased a new stake in Costco Wholesale in the 4th quarter worth about $25,000. Aspect Partners LLC raised its position in 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 purchasing an additional 11 shares during the period. Capital A Wealth Management LLC purchased a new stake in Costco Wholesale in the 4th quarter worth about $58,000. Mascagni Wealth Management Inc. purchased a new stake in Costco Wholesale in the 4th quarter worth about $59,000. Finally, Bank & Trust Co raised its position in Costco Wholesale by 20.4% in the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer's stock worth $61,000 after purchasing an additional 11 shares during the period. Institutional investors own 68.48% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COST. Erste Group Bank lowered shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. raised their target price on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an "overweight" rating in a research report on Thursday, August 7th. Truist Financial raised their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research report on Thursday, May 29th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Wednesday, August 27th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $1,050.00.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the firm's stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm's stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the sale, the executive vice president owned 5,774 shares of the company's stock, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 5,147 shares of company stock worth $5,031,130 over the last three months. Corporate insiders own 0.18% of the company's stock.

Costco Wholesale Price Performance

Shares of COST opened at $963.48 on Monday. The company has a market cap of $427.28 billion, a price-to-earnings ratio of 54.65, a price-to-earnings-growth ratio of 5.42 and a beta of 0.97. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average of $962.23 and a two-hundred day moving average of $976.69.

Costco Wholesale Dividend Announcement

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

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.

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