Psagot Value Holdings Ltd. Israel Sells 160 Shares of Costco Wholesale Co. (NASDAQ:COST)

Psagot Value Holdings Ltd. Israel lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 18.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 710 shares of the retailer’s stock after selling 160 shares during the period. Psagot Value Holdings Ltd. Israel’s holdings in Costco Wholesale were worth $409,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of COST. Ford Financial Group LLC raised its stake in Costco Wholesale by 2.4% during the first quarter. Ford Financial Group LLC now owns 821 shares of the retailer’s stock worth $472,000 after purchasing an additional 19 shares during the period. Fermata Advisors LLC grew its holdings in Costco Wholesale by 5.1% during the 1st quarter. Fermata Advisors LLC now owns 394 shares of the retailer’s stock worth $227,000 after acquiring an additional 19 shares in the last quarter. Strategic Investment Advisors MI grew its holdings in Costco Wholesale by 1.9% during the 1st quarter. Strategic Investment Advisors MI now owns 1,026 shares of the retailer’s stock worth $591,000 after acquiring an additional 19 shares in the last quarter. Vaughan David Investments LLC IL boosted its holdings in shares of Costco Wholesale by 1.0% in the 4th quarter. Vaughan David Investments LLC IL now owns 2,032 shares of the retailer’s stock valued at $1,154,000 after buying an additional 20 shares during the period. Finally, Gill Capital Partners LLC boosted its holdings in shares of Costco Wholesale by 2.2% in the 4th quarter. Gill Capital Partners LLC now owns 909 shares of the retailer’s stock valued at $516,000 after buying an additional 20 shares during the period. Institutional investors own 66.83% of the company’s stock.

Costco Wholesale Stock Up 1.4 %

COST opened at $536.58 on Friday. The firm’s 50-day simple moving average is $527.83 and its 200-day simple moving average is $520.88. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04. Costco Wholesale Co. has a twelve month low of $406.51 and a twelve month high of $612.27. The firm has a market cap of $237.68 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 4.05 and a beta of 0.70.

Costco Wholesale Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, July 29th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.07%. The ex-dividend date was Thursday, July 28th. Costco Wholesale’s payout ratio is 28.35%.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, VP James P. Murphy sold 1,500 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total transaction of $787,800.00. Following the sale, the vice president now owns 36,230 shares of the company’s stock, valued at approximately $19,027,996. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Costco Wholesale news, VP James P. Murphy sold 1,500 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total transaction of $787,800.00. Following the sale, the vice president now owns 36,230 shares of the company’s stock, valued at approximately $19,027,996. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth D. Denman sold 300 shares of the stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $521.68, for a total transaction of $156,504.00. Following the sale, the director now directly owns 5,197 shares in the company, valued at approximately $2,711,170.96. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,300 shares of company stock valued at $2,609,904. 0.22% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. The Goldman Sachs Group boosted their target price on shares of Costco Wholesale from $516.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Jefferies Financial Group reissued a “buy” rating and issued a $580.00 target price on shares of Costco Wholesale in a research report on Friday, July 29th. Telsey Advisory Group lowered their price objective on shares of Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. Citigroup boosted their price objective on shares of Costco Wholesale from $510.00 to $545.00 in a research report on Thursday, August 4th. Finally, Truist Financial boosted their target price on shares of Costco Wholesale from $543.00 to $571.00 in a research report on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $575.28.

About Costco Wholesale

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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