Jacobs & Co. CA Sells 764 Shares of Costco Wholesale Corporation $COST

Key Points

• Jacobs & Co. CA reduced its stake in Costco by 3.0%, selling 764 shares during the 2nd quarter, and now holds 25,120 shares valued at approximately $24.87 million.
• Costco's quarterly dividend of $1.30 was paid on August 15th, with an annualized total of $5.20, reflecting a yield of 0.5%.
• Analysts are optimistic about Costco, with 17 rating the stock as a Buy and an average target price of $1,056.67, reflecting positive expectations for its performance.

Jacobs & Co. CA trimmed its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 3.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,120 shares of the retailer's stock after selling 764 shares during the period. Costco Wholesale comprises 2.5% of Jacobs & Co. CA's holdings, making the stock its 7th largest position. Jacobs & Co. CA's holdings in Costco Wholesale were worth $24,868,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COST. Corps Capital Advisors LLC lifted its position in Costco Wholesale by 0.7% during the 1st 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 period. Covestor Ltd lifted its position in Costco Wholesale by 8.6% during the 1st quarter. Covestor Ltd now owns 126 shares of the retailer's stock worth $119,000 after acquiring an additional 10 shares during the period. Rooted Wealth Advisors Inc. lifted its position in Costco Wholesale by 2.6% during the 1st quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer's stock worth $404,000 after acquiring an additional 11 shares during the period. Bank & Trust Co raised its stake in shares of Costco Wholesale by 20.4% during the 1st 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 stake 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 worth $819,000 after buying an additional 11 shares in the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

NASDAQ COST opened at $967.90 on Friday. Costco Wholesale Corporation has a 1-year low of $867.16 and a 1-year high of $1,078.23. The company has a market capitalization of $429.24 billion, a P/E ratio of 54.90, a PEG ratio of 5.43 and a beta of 0.97. The business has a 50 day moving average price of $960.40 and a 200 day moving average price of $975.04. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.

Costco Wholesale Announces Dividend

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. This represents a $5.20 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale's dividend payout ratio (DPR) is presently 29.50%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on COST shares. JPMorgan Chase & Co. increased their target price on Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Truist Financial increased their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Erste Group Bank downgraded Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a research note on Thursday, May 29th. Finally, Telsey Advisory Group reissued an "outperform" rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, August 27th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Costco Wholesale has an average rating of "Moderate Buy" and an average price target of $1,056.67.

Insider Activity at Costco Wholesale

In related news, Director Susan L. Decker sold 547 shares of the firm's 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 completion of the transaction, the director directly owned 11,531 shares of the company's stock, valued at $11,300,380. This trade represents a 4.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm's stock in a transaction 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 transaction, the executive vice president directly owned 5,774 shares of the company's stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,147 shares of company stock valued at $5,031,130 in the last ninety days. Corporate 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.

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