U.S. Capital Wealth Advisors LLC Lowers Stock Holdings in Costco Wholesale Corporation $COST

Key Points

• U.S. Capital Wealth Advisors LLC reduced its holdings in Costco Wholesale by 41.6%, owning 9,002 shares worth approximately $8.9 million after selling 6,417 shares in the second quarter.
• Costco recently announced a quarterly dividend of $1.30 per share, reflecting an annual payout of $5.20 with a 0.5% dividend yield.
• Costco's stock price opened at $951.16, with analysts maintaining a "Moderate Buy" average rating and an average price target of $1,056.67.

U.S. Capital Wealth Advisors LLC decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 41.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,002 shares of the retailer's stock after selling 6,417 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in Costco Wholesale were worth $8,912,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bulwark Capital Corp purchased a new position in Costco Wholesale during the second quarter valued at $25,000. Anderson Financial Strategies LLC lifted its stake in Costco Wholesale by 900.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer's stock valued at $38,000 after buying an additional 36 shares in the last quarter. eCIO Inc. purchased a new position in Costco Wholesale in the 1st quarter valued at about $48,000. Aspect Partners LLC lifted its stake in Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer's stock valued at $53,000 after buying an additional 11 shares in the last quarter. Finally, Capital A Wealth Management LLC purchased a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $58,000. Hedge funds and other institutional investors own 68.48% of the company's stock.

Costco Wholesale Stock Down 0.1%

Shares of NASDAQ:COST opened at $951.16 on Monday. 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 firm has a market capitalization of $421.82 billion, a PE ratio of 53.95, a price-to-earnings-growth ratio of 5.34 and a beta of 0.97. The firm's 50-day moving average is $957.97 and its two-hundred day moving average is $971.32. Costco Wholesale Corporation has a 1 year low of $867.16 and a 1 year high of $1,078.23.

Costco Wholesale Announces Dividend

The business also recently disclosed 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. 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 is currently 29.50%.

Insiders Place Their Bets

In other news, EVP Teresa A. Jones sold 600 shares of the company's stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the sale, the executive vice president owned 2,362 shares of the company's stock, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the company'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 sale, the executive vice president directly owned 5,774 shares in the company, valued at $5,629,419.04. This represents a 40.92% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Truist Financial raised their target price 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. Evercore ISI decreased their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an "outperform" rating on the stock in a report on Tuesday, June 17th. Wall Street Zen raised shares of Costco Wholesale from a "hold" rating to a "buy" rating in a research note on Friday, June 6th. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research note on Thursday, May 29th. Finally, Morgan Stanley raised their target price on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an "overweight" rating in a research note on Friday, May 30th. Seventeen analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $1,056.67.

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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