Costco Wholesale Corporation $COST Position Cut by Jump Financial LLC

Jump Financial LLC decreased its position in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 91.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 439 shares of the retailer's stock after selling 4,429 shares during the quarter. Jump Financial LLC's holdings in Costco Wholesale were worth $415,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of COST. Bosun Asset Management LLC grew its position in Costco Wholesale by 1.6% in the 4th quarter. Bosun Asset Management LLC now owns 636 shares of the retailer's stock worth $583,000 after purchasing an additional 10 shares during the last quarter. Corps Capital Advisors LLC boosted its position in shares of Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer's stock worth $1,463,000 after buying an additional 10 shares during the period. Covestor Ltd grew its holdings in Costco Wholesale by 8.6% in the 1st quarter. Covestor Ltd now owns 126 shares of the retailer's stock worth $119,000 after buying an additional 10 shares in the last quarter. Rooted Wealth Advisors Inc. increased its position in Costco Wholesale by 2.6% in the 1st quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer's stock valued at $404,000 after acquiring an additional 11 shares during the period. Finally, Bank & Trust Co raised its stake in Costco Wholesale by 20.4% during the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer's stock valued at $61,000 after acquiring an additional 11 shares in the last quarter. Institutional investors own 68.48% of the company's stock.

Insider Activity at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares of the company's stock, valued at $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Patrick J. Callans sold 3,000 shares of Costco Wholesale stock in a transaction dated Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the completion of the transaction, the executive vice president directly owned 58,543 shares in the company, valued at $58,705,164.11. This represents a 4.87% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,147 shares of company stock worth $10,067,740. 0.18% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a research note on Thursday, May 29th. Erste Group Bank lowered shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. Evercore ISI dropped 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 research report on Tuesday, June 17th. Morgan Stanley upped their price target on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Finally, Loop Capital lowered their price objective on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. Seventeen research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $1,050.00.

Costco Wholesale Stock Performance

Shares of COST opened at $943.32 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The firm's 50 day moving average is $965.20 and its 200-day moving average is $979.61. Costco Wholesale Corporation has a 12-month low of $867.16 and a 12-month high of $1,078.23. The stock has a market capitalization of $418.34 billion, a P/E ratio of 53.51, a P/E/G ratio of 5.86 and a beta of 0.97.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Shareholders 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 0.6%. Costco Wholesale's dividend payout ratio is currently 29.50%.

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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