Dakota Wealth Management Sells 1,181 Shares of Costco Wholesale Corporation $COST

Key Points

• Dakota Wealth Management reduced its stake in Costco Wholesale by 2.1%, now holding 54,939 shares valued at approximately $54.4 million.
• Costco recently declared a quarterly dividend of $1.30 per share, with a current dividend yield of 0.6% and a payout ratio of 29.50%.
• Analysts have set a consensus price target of $1,061.30 for Costco stock, with 17 analysts rating it a buy and 9 rating it a hold.

Dakota Wealth Management trimmed its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 2.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,939 shares of the retailer's stock after selling 1,181 shares during the quarter. Costco Wholesale comprises about 1.1% of Dakota Wealth Management's investment portfolio, making the stock its 11th biggest position. Dakota Wealth Management's holdings in Costco Wholesale were worth $54,386,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Corps Capital Advisors LLC increased its stake in 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 acquiring an additional 10 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Costco Wholesale by 8.6% in the first quarter. Covestor Ltd now owns 126 shares of the retailer's stock valued at $119,000 after purchasing an additional 10 shares during the period. Rooted Wealth Advisors Inc. boosted its holdings in shares of Costco Wholesale by 2.6% in the first quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer's stock valued at $404,000 after purchasing an additional 11 shares during the period. Bank & Trust Co lifted its holdings 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 buying an additional 11 shares during the period. Finally, Amplius Wealth Advisors LLC lifted its holdings 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 buying an additional 11 shares during the period. 68.48% of the stock is owned by institutional investors.

Insider Activity at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale 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 owned 2,362 shares in the company, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale 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 $5,629,419.04. This trade represents a 40.92% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Up 0.2%

COST stock opened at $945.27 on Thursday. The firm has a market cap of $419.21 billion, a PE ratio of 53.62, a PEG ratio of 5.30 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. The firm's 50 day moving average price is $956.61 and its 200-day moving average price is $970.80. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale's payout ratio is presently 29.50%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wolfe Research assumed coverage on Costco Wholesale in a research report on Thursday, September 18th. They set a "peer perform" rating on the stock. Morgan Stanley increased their price target on 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. Telsey Advisory Group reaffirmed an "outperform" rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Wednesday. Erste Group Bank cut Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. Finally, Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Seventeen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Costco Wholesale currently has an average rating of "Moderate Buy" and a consensus price target of $1,061.30.

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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