Mogy Joel R Investment Counsel Inc. Has $97.62 Million Stock Position in Costco Wholesale Corporation $COST

Mogy Joel R Investment Counsel Inc. decreased its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,608 shares of the retailer’s stock after selling 537 shares during the period. Costco Wholesale comprises approximately 5.6% of Mogy Joel R Investment Counsel Inc.’s holdings, making the stock its 4th largest position. Mogy Joel R Investment Counsel Inc.’s holdings in Costco Wholesale were worth $97,616,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of COST. GAMMA Investing LLC grew its position in shares of Costco Wholesale by 106,402.1% during the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer’s stock valued at $7,717,744,000 after acquiring an additional 8,152,528 shares during the period. Nuveen LLC purchased a new position in shares of Costco Wholesale during the 1st quarter valued at $3,461,159,000. Vanguard Group Inc. lifted its stake in shares of Costco Wholesale by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after buying an additional 443,101 shares in the last quarter. National Bank of Canada FI lifted its stake in shares of Costco Wholesale by 84.0% during the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock valued at $768,114,000 after buying an additional 370,806 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Costco Wholesale during the 4th quarter valued at $280,046,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Down 1.1%

Shares of COST stock opened at $952.36 on Friday. The stock has a market cap of $422.35 billion, a P/E ratio of 54.02, a PEG ratio of 5.42 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 company’s fifty day simple moving average is $958.35 and its two-hundred day simple moving average is $972.82.

Costco Wholesale Announces Dividend

The firm also recently announced 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. This represents a $5.20 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s dividend payout ratio is currently 29.50%.

Analyst Ratings Changes

A number of research analysts recently weighed in on COST shares. JPMorgan Chase & Co. lifted their target price on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, August 27th. Loop Capital lowered their target price on shares of 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. Truist Financial lifted their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Finally, Morgan Stanley boosted their price target 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 equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,056.67.

Insider Activity

In other news, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their position. The sale was disclosed in a 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 dated Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale 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.