Edmond DE Rothschild Holding S.A. Sells 330 Shares of Costco Wholesale Corporation $COST

Key Points

• Edmond DE Rothschild Holding S.A. reduced its stake in Costco by 13.7%, selling 330 shares to hold 2,082, which were valued at approximately $1.97 million.
• Costco's recent quarterly dividend was $1.30 per share, indicating a 0.5% yield and a dividend payout ratio of 29.5%.
• An analysis of broker ratings shows Costco has a consensus rating of "Moderate Buy" with a target price of $1,050.

Edmond DE Rothschild Holding S.A. cut its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 13.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,082 shares of the retailer's stock after selling 330 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in Costco Wholesale were worth $1,969,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Corps Capital Advisors LLC lifted 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 worth $1,463,000 after buying an additional 10 shares in the last quarter. Covestor Ltd lifted its position in shares of Costco Wholesale by 8.6% in the first 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. lifted its position 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 worth $404,000 after buying an additional 11 shares in the last quarter. Bank & Trust Co lifted its position in shares of Costco Wholesale by 20.4% in the first quarter. Bank & Trust Co now owns 65 shares of the retailer's stock worth $61,000 after buying an additional 11 shares in the last quarter. Finally, Amplius Wealth Advisors LLC raised 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 valued at $819,000 after purchasing an additional 11 shares during the period. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Up 0.6%

Shares of NASDAQ:COST opened at $955.90 on Friday. Costco Wholesale Corporation has a 52-week low of $867.16 and a 52-week high of $1,078.23. The stock has a market cap of $423.92 billion, a P/E ratio of 54.22, a price-to-earnings-growth ratio of 5.32 and a beta of 0.97. The business's 50 day moving average is $962.66 and its 200 day moving average is $978.32. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

Costco Wholesale Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on COST. Loop Capital decreased their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a research report on Thursday, May 29th. JPMorgan Chase & Co. upped their price objective on Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Telsey Advisory Group restated an "outperform" rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Wednesday, August 27th. Truist Financial upped their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the company a "hold" rating in a research report on Friday, May 30th. Finally, Erste Group Bank downgraded Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. Seventeen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $1,050.00.

Insider Transactions at Costco Wholesale

In related news, Director Susan L. Decker sold 547 shares of the stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the transaction, the director owned 11,531 shares of the company's stock, valued at $11,300,380. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the transaction, the executive vice president directly owned 5,774 shares in the company, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,147 shares of company stock worth $8,039,440 in the last ninety days. 0.18% of the stock is owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.