Accelerate Investment Advisors LLC Sells 39 Shares of Costco Wholesale Corporation $COST

Accelerate Investment Advisors LLC decreased its stake in Costco Wholesale Corporation (NASDAQ:COST) by 5.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 640 shares of the retailer’s stock after selling 39 shares during the period. Accelerate Investment Advisors LLC’s holdings in Costco Wholesale were worth $633,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Capital Asset Advisory Services LLC raised its position in Costco Wholesale by 6.4% in the second quarter. Capital Asset Advisory Services LLC now owns 4,686 shares of the retailer’s stock worth $4,620,000 after acquiring an additional 281 shares during the period. Wesbanco Bank Inc. raised its position in shares of Costco Wholesale by 17.5% in the second quarter. Wesbanco Bank Inc. now owns 13,492 shares of the retailer’s stock valued at $13,356,000 after purchasing an additional 2,012 shares during the period. Whitaker Myers Wealth Managers LTD. raised its position in shares of Costco Wholesale by 14.5% in the second quarter. Whitaker Myers Wealth Managers LTD. now owns 768 shares of the retailer’s stock valued at $760,000 after purchasing an additional 97 shares during the period. Osprey Private Wealth LLC raised its position in shares of Costco Wholesale by 1.7% in the second quarter. Osprey Private Wealth LLC now owns 4,538 shares of the retailer’s stock valued at $4,479,000 after purchasing an additional 75 shares during the period. Finally, Zevenbergen Capital Investments LLC raised its position in shares of Costco Wholesale by 0.4% in the second quarter. Zevenbergen Capital Investments LLC now owns 8,130 shares of the retailer’s stock valued at $8,048,000 after purchasing an additional 35 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

COST stock opened at $967.90 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23. The stock has a market cap of $429.24 billion, a PE ratio of 54.90, a P/E/G ratio of 5.43 and a beta of 0.97. The firm has a 50 day simple moving average of $960.40 and a two-hundred day simple moving average of $974.64.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.5%. Costco Wholesale’s dividend payout ratio is 29.50%.

Insider Activity

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of the stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the sale, the director owned 11,531 shares of the company’s stock, valued at $11,300,380. This represents a 4.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,147 shares of company stock valued at $5,031,130. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on COST. Loop Capital lowered their price target on shares of 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. Stifel Nicolaus set a $1,035.00 price target on shares of Costco Wholesale in a research report on Thursday, May 29th. Evercore ISI lowered their price target on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 17th. Truist Financial boosted 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 analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $1,056.67.

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.