Sapient Capital LLC Sells 1,360 Shares of Costco Wholesale Corporation $COST

Sapient Capital LLC decreased its position in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,661 shares of the retailer's stock after selling 1,360 shares during the period. Costco Wholesale makes up approximately 1.8% of Sapient Capital LLC's holdings, making the stock its 13th biggest position. Sapient Capital LLC's holdings in Costco Wholesale were worth $98,659,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bulwark Capital Corp purchased a new position in Costco Wholesale in the 2nd quarter worth about $25,000. Investment Management Corp VA ADV purchased a new position in Costco Wholesale in the 4th quarter worth about $25,000. Anderson Financial Strategies LLC raised its position in Costco Wholesale by 900.0% in the 1st 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. eCIO Inc. purchased a new position in Costco Wholesale in the 1st quarter worth about $48,000. Finally, Aspect Partners LLC raised its position in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock worth $53,000 after buying an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company's stock.

Costco Wholesale Trading Down 0.8%

COST stock opened at $952.07 on Wednesday. Costco Wholesale Corporation has a 1-year low of $867.16 and a 1-year high of $1,078.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The company has a market capitalization of $422.22 billion, a price-to-earnings ratio of 54.00, a PEG ratio of 5.40 and a beta of 0.97. The business has a 50 day simple moving average of $959.09 and a two-hundred day simple moving average of $973.54.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

COST has been the subject of a number of recent analyst reports. Telsey Advisory Group reissued an "outperform" rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research report on Wednesday, August 27th. Erste Group Bank lowered shares of Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. Loop Capital reduced their price target 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. Truist Financial upped their price target on shares of 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, Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research report on Friday, June 6th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $1,056.67.

Insider Buying and Selling

In other news, 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 directly owned 5,774 shares in the company, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares of the company's stock, valued at $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

About Costco Wholesale

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.