Raab & Moskowitz Asset Management LLC Sells 492 Shares of Costco Wholesale Corporation $COST

Key Points

• Raab & Moskowitz Asset Management LLC reduced its stake in Costco by 3.3%, selling 492 shares to hold a total of 14,637 shares, worth approximately $13.84 million.
• Costco stock is currently trading at around $963.48 with a market capitalization of $427.28 billion and a 52-week price range between $867.16 and $1,078.23.
• Recent research analyst ratings reflect mixed sentiments, with analysts giving Costco a consensus rating of "Moderate Buy" and an average price target of $1,050.00.

Raab & Moskowitz Asset Management LLC trimmed its stake in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 3.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,637 shares of the retailer's stock after selling 492 shares during the period. Costco Wholesale comprises about 3.5% of Raab & Moskowitz Asset Management LLC's portfolio, making the stock its 5th largest position. Raab & Moskowitz Asset Management LLC's holdings in Costco Wholesale were worth $13,843,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Personal CFO Solutions LLC increased its stake in Costco Wholesale by 12.4% in the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer's stock valued at $1,436,000 after buying an additional 167 shares during the last quarter. F&V Capital Management LLC acquired a new stake in Costco Wholesale in the 1st quarter valued at $236,000. Graybill Wealth Management LTD. acquired a new stake in Costco Wholesale in the 1st quarter valued at $3,095,000. Rossmore Private Capital increased its stake in Costco Wholesale by 0.9% in the 1st quarter. Rossmore Private Capital now owns 6,687 shares of the retailer's stock valued at $6,325,000 after buying an additional 62 shares during the last quarter. Finally, Curat Global LLC acquired a new stake in Costco Wholesale in the 1st quarter valued at $241,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of COST stock opened at $963.48 on Friday. The company has a market capitalization of $427.28 billion, a price-to-earnings ratio of 54.65, a PEG ratio of 5.40 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 company has a 50-day simple moving average of $962.23 and a 200 day simple moving average of $977.09. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 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. Shareholders 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 yield of 0.5%. Costco Wholesale's payout ratio is currently 29.50%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on COST shares. Erste Group Bank lowered shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research note on Tuesday, August 5th. Wall Street Zen upgraded shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Loop Capital decreased their price objective 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. Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research report on Wednesday, August 27th. Finally, Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research report on Thursday, May 29th. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of "Moderate Buy" and an average price target of $1,050.00.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the business's stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the sale, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Patrick J. Callans sold 3,000 shares of the business's stock in a transaction dated Monday, June 9th. The shares were sold at an average price of $1,002.77, for a total transaction of $3,008,310.00. Following the completion of the sale, the executive vice president directly owned 58,543 shares of the company's stock, valued at $58,705,164.11. This represents a 4.87% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,147 shares of company stock worth $8,039,440. 0.18% of the stock is currently 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.

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