Dynamic Technology Lab Private Ltd Has $772,000 Position in Costco Wholesale Corporation $COST

Key Points

• Dynamic Technology Lab Private Ltd increased its holdings in Costco Wholesale by 86.1% in Q1, owning 817 shares worth $772,000 as of its latest SEC filing.
• Costco recently announced a quarterly dividend of $1.30 per share, resulting in a 0.5% yield based on a payout ratio of 29.50%.
• Seventeen analysts have given Costco stock a "Buy" rating, with an average price target of $1,050.00, indicating a consensus rating of "Moderate Buy."

Dynamic Technology Lab Private Ltd raised its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 86.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 817 shares of the retailer's stock after acquiring an additional 378 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Costco Wholesale were worth $772,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. Corps Capital Advisors LLC grew its holdings in shares of Costco Wholesale by 0.7% during the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer's stock valued at $1,463,000 after acquiring an additional 10 shares in the last quarter. Covestor Ltd grew its holdings in shares of Costco Wholesale by 8.6% during the 1st quarter. Covestor Ltd now owns 126 shares of the retailer's stock valued at $119,000 after acquiring an additional 10 shares in the last quarter. Rooted Wealth Advisors Inc. grew its holdings in shares of Costco Wholesale by 2.6% during 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 in the last quarter. Bank & Trust Co grew its holdings in shares of 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. Finally, Amplius Wealth Advisors LLC grew its holdings in shares of Costco Wholesale by 1.3% during the 1st quarter. Amplius Wealth Advisors LLC now owns 866 shares of the retailer's stock valued at $819,000 after acquiring an additional 11 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

COST has been the subject of several analyst reports. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Morgan Stanley lifted their price objective on shares of 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. Erste Group Bank lowered shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Truist Financial lifted their price objective on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Finally, Evercore ISI reduced their price objective on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research note on Tuesday, June 17th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $1,056.67.

Costco Wholesale Stock Performance

Costco Wholesale stock traded up $6.73 on Thursday, reaching $963.02. 918,360 shares of the stock were exchanged, compared to its average volume of 2,194,381. The stock has a market cap of $427.08 billion, a PE ratio of 54.63, a PEG ratio of 5.51 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. The firm has a fifty day moving average price of $961.21 and a two-hundred day moving average price of $976.13.

Costco Wholesale Announces Dividend

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

Insiders Place Their Bets

In other news, EVP Teresa A. Jones sold 600 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares of the company's stock, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president directly owned 5,774 shares of the company's stock, valued at $5,629,419.04. This represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,147 shares of company stock valued at $5,031,130 in the last quarter. Insiders own 0.18% of the company's stock.

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.