Windsor Capital Management LLC Sells 300 Shares of Costco Wholesale Corporation $COST

Key Points

• Windsor Capital Management LLC reduced its stake in Costco Wholesale by 39.4%, selling 300 shares and retaining 462 shares valued at approximately $457,000.
• Costco announced a quarterly dividend of $1.30, yielding about 0.5%, with a dividend payout ratio of 29.50%.
• Analysts have mixed ratings on Costco, with a consensus price target of $1,056.67, reflecting both buy and hold sentiments among equity research analysts.

Windsor Capital Management LLC lessened its holdings in Costco Wholesale Corporation (NASDAQ:COST - Free Report) by 39.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 462 shares of the retailer's stock after selling 300 shares during the quarter. Windsor Capital Management LLC's holdings in Costco Wholesale were worth $457,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer's stock valued at $18,165,000 after purchasing an additional 2,172 shares during the period. Revolve Wealth Partners LLC boosted its stake in shares of Costco Wholesale by 13.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer's stock worth $1,029,000 after acquiring an additional 130 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its stake in Costco Wholesale by 45.0% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer's stock worth $107,436,000 after buying an additional 36,384 shares during the last quarter. Vise Technologies Inc. boosted its stake in Costco Wholesale by 77.0% during the fourth quarter. Vise Technologies Inc. now owns 5,174 shares of the retailer's stock worth $4,741,000 after buying an additional 2,251 shares during the last quarter. Finally, Stonebridge Financial Planning Group LLC boosted its stake in Costco Wholesale by 6.2% during the fourth quarter. Stonebridge Financial Planning Group LLC now owns 1,812 shares of the retailer's stock worth $1,660,000 after buying an additional 105 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on COST. Loop Capital decreased their price target on Costco Wholesale from $1,115.00 to $1,110.00 and set a "buy" rating on the stock in a research note on Thursday, May 29th. JPMorgan Chase & Co. increased their price target on Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an "overweight" rating in a research report on Thursday, August 7th. Erste Group Bank lowered Costco Wholesale from a "buy" rating to a "hold" rating in a research report on Tuesday, August 5th. Wolfe Research assumed coverage on Costco Wholesale in a research note on Thursday. They set a "peer perform" rating on the stock. Finally, Truist Financial raised their price target 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. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company's stock. According to MarketBeat.com, Costco Wholesale presently has an average rating of "Moderate Buy" and an average target price of $1,056.67.

Insider Buying and Selling at Costco Wholesale

In related news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the transaction, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction on 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 transaction, the executive vice president 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 company insiders.

Costco Wholesale Stock Performance

NASDAQ:COST traded down $1.20 during trading hours on Friday, reaching $951.16. 4,601,598 shares of the stock were exchanged, compared to its average volume of 1,916,574. The stock has a market capitalization of $421.82 billion, a P/E ratio of 53.95, a P/E/G ratio of 5.34 and a beta of 0.97. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The firm has a 50 day simple moving average of $957.97 and a 200-day simple moving average of $971.70.

Costco Wholesale Announces Dividend

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

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.