Dynamic Advisor Solutions LLC Decreases Stock Position in Costco Wholesale Corporation $COST

Key Points

• Dynamic Advisor Solutions LLC reduced its stake in Costco Wholesale Corporation by 1.5% in the second quarter, now holding 23,867 shares valued at approximately $23.63 million.
• Insider sales included EVP Teresa A. Jones, who sold 600 shares at an average price of $992.05, and EVP Yoram Rubanenko, who sold 4,000 shares at an average price of $974.96, both representing significant decreases in their shareholdings.
• Costco declared a quarterly dividend of $1.30 per share on August 15, which translates to an annualized yield of 0.5% and a payout ratio of 29.50%.

Dynamic Advisor Solutions LLC decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 1.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,867 shares of the retailer's stock after selling 354 shares during the quarter. Costco Wholesale comprises approximately 0.7% of Dynamic Advisor Solutions LLC's portfolio, making the stock its 29th biggest holding. Dynamic Advisor Solutions LLC's holdings in Costco Wholesale were worth $23,627,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Personal CFO Solutions LLC increased its holdings in shares of Costco Wholesale by 12.4% in the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock worth $1,436,000 after purchasing an additional 167 shares during the period. F&V Capital Management LLC bought a new position in shares of Costco Wholesale in the first quarter worth $236,000. Graybill Wealth Management LTD. bought a new position in shares of Costco Wholesale in the first quarter worth $3,095,000. Rossmore Private Capital increased its holdings in shares of Costco Wholesale by 0.9% in the first quarter. Rossmore Private Capital now owns 6,687 shares of the retailer's stock worth $6,325,000 after purchasing an additional 62 shares during the period. Finally, Curat Global LLC bought a new position in shares of Costco Wholesale in the first quarter worth $241,000. Institutional investors own 68.48% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Morgan Stanley increased their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an "overweight" rating in a research note on Friday, May 30th. Truist Financial increased their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a research note on Thursday, May 29th. JPMorgan Chase & Co. increased their target price on Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Finally, Loop Capital cut their price target on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research report 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's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $1,056.67.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST traded down $1.20 during midday trading on Friday, reaching $951.16. 4,601,598 shares of the company's stock traded hands, compared to its average volume of 1,916,574. 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 one year low of $867.16 and a one year high of $1,078.23. The company has a market cap of $421.82 billion, a price-to-earnings ratio of 53.95, a P/E/G ratio of 5.34 and a beta of 0.97. The stock has a 50 day moving average of $957.97 and a 200 day moving average of $971.70.

Costco Wholesale Dividend Announcement

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

Insider Buying and Selling at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction 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 transaction, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. This trade represents a 20.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction 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 transaction, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. This represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.18% of the company's stock.

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.