Legacy Wealth Managment LLC ID Has $393,000 Position in Costco Wholesale Corporation $COST

Legacy Wealth Managment LLC ID increased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 8.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 416 shares of the retailer’s stock after purchasing an additional 33 shares during the quarter. Legacy Wealth Managment LLC ID’s holdings in Costco Wholesale were worth $393,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Coordinated Financial Services Inc. CO acquired a new stake in Costco Wholesale in the 1st quarter worth approximately $1,198,000. UniSuper Management Pty Ltd lifted its holdings in Costco Wholesale by 7.0% in the 1st quarter. UniSuper Management Pty Ltd now owns 26,037 shares of the retailer’s stock worth $24,625,000 after purchasing an additional 1,700 shares during the last quarter. United American Securities Inc. d b a UAS Asset Management increased its position in Costco Wholesale by 15.2% in the 1st quarter. United American Securities Inc. d b a UAS Asset Management now owns 43,461 shares of the retailer’s stock worth $41,105,000 after buying an additional 5,740 shares during the period. Sepio Capital LP lifted its holdings in shares of Costco Wholesale by 3.1% during the first quarter. Sepio Capital LP now owns 5,399 shares of the retailer’s stock worth $5,106,000 after buying an additional 160 shares during the last quarter. Finally, Rise Advisors LLC lifted its holdings in shares of Costco Wholesale by 5.3% during the first quarter. Rise Advisors LLC now owns 781 shares of the retailer’s stock worth $739,000 after buying an additional 39 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Price Performance

Shares of COST stock opened at $963.48 on Friday. The stock’s fifty day simple moving average is $962.23 and its 200 day simple moving average is $977.09. 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 cap of $427.28 billion, a price-to-earnings ratio of 54.65, a P/E/G ratio of 5.40 and a beta of 0.97. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.5%. Costco Wholesale’s payout ratio is currently 29.50%.

Insider Buying and Selling

In other Costco Wholesale news, EVP Patrick J. Callans sold 3,000 shares of the business’s stock in a transaction on Monday, June 9th. The stock was sold at an average price of $1,002.77, for a total value of $3,008,310.00. Following the transaction, the executive vice president owned 58,543 shares of the company’s stock, valued at approximately $58,705,164.11. The trade was a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan L. Decker sold 547 shares of the business’s stock in a transaction 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 in the company, valued at approximately $11,300,380. This represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders sold 8,147 shares of company stock worth $8,039,440 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a report on Thursday, May 29th. Truist Financial upped their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a report on Friday, May 30th. Wall Street Zen upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Loop Capital lowered their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Finally, Morgan Stanley boosted their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a research report 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $1,050.00.

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.