Invst LLC Lowers Holdings in Costco Wholesale Corporation $COST

Key Points

• Invst LLC has reduced its stake in Costco Wholesale by 24.2%, holding 2,674 shares worth approximately $2.53 million after selling 852 shares in the first quarter.
• Costco recently announced a quarterly dividend of $1.30, which translates to an annualized payout of $5.20 with a dividend yield of 0.5%.
• Costco's stock opened at $964.32, showing a 0.8% increase, with a market cap of $427.66 billion and various analysts giving generally positive ratings.

Invst LLC reduced its stake in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 24.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,674 shares of the retailer's stock after selling 852 shares during the period. Invst LLC's holdings in Costco Wholesale were worth $2,530,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Investment Management Corp VA ADV purchased a new stake in Costco Wholesale during the 4th quarter valued at about $25,000. Anderson Financial Strategies LLC raised its holdings in Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer's stock worth $38,000 after buying an additional 36 shares during the last quarter. Aspect Partners LLC lifted its stake in shares of Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after buying an additional 11 shares in the last quarter. Capital A Wealth Management LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $58,000. Finally, Mascagni Wealth Management Inc. bought a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $59,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Stock Up 0.8%

COST stock opened at $964.32 on Friday. The company has a market cap of $427.66 billion, a price-to-earnings ratio of 54.70, a P/E/G ratio of 5.38 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 business's 50-day moving average is $960.77 and its two-hundred day moving average is $975.64. Costco Wholesale Corporation has a fifty-two week low of $867.16 and a fifty-two week high of $1,078.23.

Costco Wholesale Dividend Announcement

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

Analyst Ratings Changes

Several research firms recently issued reports on COST. 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. Loop Capital decreased their price target on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating for the company in a research note on Thursday, May 29th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research report on Thursday, May 29th. Wall Street Zen upgraded Costco Wholesale from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Finally, Evercore ISI decreased their target price on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating for the company in a research report on Tuesday, June 17th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $1,056.67.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of the company's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the sale, the director directly owned 11,531 shares of the company's stock, valued at approximately $11,300,380. This represents a 4.53% 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 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 completion of the transaction, the executive vice president owned 5,774 shares in the company, valued at $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. Over the last ninety days, insiders sold 5,147 shares of company stock worth $5,031,130. 0.18% of the stock is owned by company insiders.

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.

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