SageView Advisory Group LLC Sells 21 Shares of Costco Wholesale Corporation $COST

SageView Advisory Group LLC lowered its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,335 shares of the retailer’s stock after selling 21 shares during the period. SageView Advisory Group LLC’s holdings in Costco Wholesale were worth $5,046,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Investment Management Corp VA ADV purchased a new position in Costco Wholesale in the fourth quarter worth about $25,000. Aspect Partners LLC raised its holdings in Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after buying an additional 11 shares during the last quarter. Capital A Wealth Management LLC purchased a new position in Costco Wholesale in the fourth quarter worth about $58,000. Mascagni Wealth Management Inc. purchased a new position in Costco Wholesale in the fourth quarter worth about $59,000. Finally, Bank & Trust Co raised its holdings in Costco Wholesale by 20.4% in the first quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock worth $61,000 after buying an additional 11 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

COST has been the subject of several recent analyst reports. JPMorgan Chase & Co. lifted their target price on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a report on Wednesday, August 27th. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a report on Thursday, May 29th. Morgan Stanley boosted their price objective on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Finally, Truist Financial boosted their price objective 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 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.com, the stock has an average rating of “Moderate Buy” and an average price target of $1,056.67.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $3,899,840.00. Following the transaction, the executive vice president owned 5,774 shares in the company, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,147 shares of company stock valued at $5,031,130. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.8%

Shares of COST stock opened at $979.25 on Wednesday. Costco Wholesale Corporation has a 12 month low of $867.16 and a 12 month high of $1,078.23. The stock has a market cap of $434.28 billion, a P/E ratio of 55.54, a P/E/G ratio of 5.47 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $961.73 and a two-hundred day simple moving average of $976.27.

Costco Wholesale Dividend Announcement

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

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.