Costco Wholesale Corporation $COST Shares Acquired by Retirement Guys Formula LLC

Retirement Guys Formula LLC grew its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 3.9% during the 2nd quarter, Holdings Channel reports. The firm owned 2,987 shares of the retailer’s stock after buying an additional 113 shares during the period. Costco Wholesale comprises approximately 1.1% of Retirement Guys Formula LLC’s investment portfolio, making the stock its 22nd biggest holding. Retirement Guys Formula LLC’s holdings in Costco Wholesale were worth $2,957,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently bought and sold shares of COST. Brighton Jones LLC boosted its position in Costco Wholesale by 12.3% during the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after acquiring an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC boosted its position in Costco Wholesale by 13.1% during 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. Copia Wealth Management acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $378,000. Old North State Trust LLC boosted its position in Costco Wholesale by 9.7% during the fourth quarter. Old North State Trust LLC now owns 2,522 shares of the retailer’s stock worth $2,311,000 after acquiring an additional 223 shares during the last quarter. Finally, Anchor Pointe Wealth Management LLC acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $220,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on COST. Evercore ISI decreased their target price 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. 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 report on Friday, May 30th. JPMorgan Chase & Co. lifted their price target on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a report on Wednesday. Finally, Truist Financial lifted their price target on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,061.30.

Costco Wholesale Stock Performance

Shares of COST stock opened at $945.27 on Thursday. Costco Wholesale Corporation has a 12 month low of $867.16 and a 12 month 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 firm has a market capitalization of $419.21 billion, a P/E ratio of 53.62, a P/E/G ratio of 5.30 and a beta of 0.97. The company’s fifty day moving average price is $956.61 and its two-hundred day moving average price is $970.80.

Costco Wholesale Dividend Announcement

The firm 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 was Friday, August 1st. This represents a $5.20 annualized dividend and a dividend yield of 0.6%. Costco Wholesale’s payout ratio is 29.50%.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the firm’s 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 sale, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. This trade represents a 40.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction that occurred 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 sale, the executive vice president owned 2,362 shares in the company, 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. Corporate insiders own 0.18% of the company’s stock.

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.