Costco Wholesale Corporation $COST Shares Acquired by Aaron Wealth Advisors LLC

Key Points

• Aaron Wealth Advisors LLC increased its stake in Costco Wholesale by 25.7% during the 2nd quarter, owning 3,964 shares valued at approximately $3.9 million.
• Recent insider transactions included EVP Teresa A. Jones selling 600 shares and EVP Yoram Rubanenko selling 4,000 shares, resulting in decreases of 20.26% and 40.92% in their respective holdings.
• Costco announced a quarterly dividend of $1.30 per share, reflecting an annualized yield of 0.5% and a dividend payout ratio of 29.50%.

Aaron Wealth Advisors LLC grew its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 25.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,964 shares of the retailer's stock after purchasing an additional 811 shares during the quarter. Aaron Wealth Advisors LLC's holdings in Costco Wholesale were worth $3,924,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Corps Capital Advisors LLC grew its position in shares of Costco Wholesale by 0.7% in the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer's stock valued at $1,463,000 after purchasing an additional 10 shares during the period. Covestor Ltd boosted its position in Costco Wholesale by 8.6% during the first quarter. Covestor Ltd now owns 126 shares of the retailer's stock worth $119,000 after acquiring an additional 10 shares during the last quarter. Rooted Wealth Advisors Inc. boosted its position in Costco Wholesale by 2.6% during the first quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer's stock worth $404,000 after acquiring an additional 11 shares during the last quarter. Bank & Trust Co boosted its position in Costco Wholesale by 20.4% during the first quarter. Bank & Trust Co now owns 65 shares of the retailer's stock worth $61,000 after acquiring an additional 11 shares during the last quarter. Finally, Amplius Wealth Advisors LLC boosted its position in Costco Wholesale by 1.3% during the first quarter. Amplius Wealth Advisors LLC now owns 866 shares of the retailer's stock worth $819,000 after acquiring an additional 11 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company's stock.

Insider Activity at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of the company'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 transaction of $595,230.00. Following 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the company's stock in a transaction that occurred on 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. The trade was a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. 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 research report on Tuesday, June 17th. JPMorgan Chase & Co. boosted their price target 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. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a research report on Thursday, May 29th. Morgan Stanley boosted 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 report on Friday, May 30th. Finally, Wall Street Zen upgraded shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $1,056.67.

Costco Wholesale Stock Performance

Shares of COST stock opened at $952.07 on Wednesday. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23. The firm's 50 day moving average price is $959.09 and its 200-day moving average price is $973.54. The firm has a market cap of $422.22 billion, a P/E ratio of 54.00, a P/E/G ratio of 5.40 and a beta of 0.97. 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 Dividend Announcement

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