Wellington Management Group LLP Sells 4,880 Shares of Costco Wholesale Co. (NASDAQ:COST)

Wellington Management Group LLP lessened its stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,796,980 shares of the retailer’s stock after selling 4,880 shares during the quarter. Wellington Management Group LLP owned about 0.63% of Costco Wholesale worth $1,610,641,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in COST. Hapanowicz & Associates Financial Services Inc bought a new position in shares of Costco Wholesale during the 4th quarter worth about $227,000. Covestor Ltd acquired a new stake in shares of Costco Wholesale in the 4th quarter worth about $71,000. Guardian Capital Advisors LP raised its holdings in shares of Costco Wholesale by 0.4% in the 4th quarter. Guardian Capital Advisors LP now owns 7,229 shares of the retailer’s stock worth $3,801,000 after acquiring an additional 30 shares during the last quarter. Guardian Capital LP raised its holdings in shares of Costco Wholesale by 0.5% in the 4th quarter. Guardian Capital LP now owns 56,911 shares of the retailer’s stock worth $32,308,000 after acquiring an additional 280 shares during the last quarter. Finally, Texas Yale Capital Corp. raised its holdings in shares of Costco Wholesale by 1.6% in the 4th quarter. Texas Yale Capital Corp. now owns 10,481 shares of the retailer’s stock worth $5,950,000 after acquiring an additional 170 shares during the last quarter. Institutional investors own 66.83% of the company’s stock.

Costco Wholesale Stock Up 1.4 %

Costco Wholesale stock opened at $536.58 on Monday. Costco Wholesale Co. has a twelve month low of $406.51 and a twelve month high of $612.27. The firm has a 50 day moving average price of $527.83 and a 200-day moving average price of $520.99. The company has a market capitalization of $237.69 billion, a P/E ratio of 42.25, a P/E/G ratio of 4.05 and a beta of 0.70. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32.

Costco Wholesale Cuts Dividend

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

Insider Buying and Selling

In related news, VP James P. Murphy sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $464.00, for a total value of $1,160,000.00. Following the completion of the transaction, the vice president now directly owns 37,730 shares of the company’s stock, valued at approximately $17,506,720. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CFO Richard A. Galanti sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $505.60, for a total value of $505,600.00. Following the completion of the transaction, the chief financial officer now directly owns 25,750 shares of the company’s stock, valued at approximately $13,019,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP James P. Murphy sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $464.00, for a total transaction of $1,160,000.00. Following the completion of the transaction, the vice president now directly owns 37,730 shares of the company’s stock, valued at $17,506,720. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,300 shares of company stock valued at $2,609,904. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on COST shares. Truist Financial upped their target price on shares of Costco Wholesale from $543.00 to $571.00 in a report on Thursday, August 4th. BMO Capital Markets restated a “buy” rating and issued a $580.00 target price on shares of Costco Wholesale in a report on Monday, May 30th. Jefferies Financial Group restated a “buy” rating and issued a $580.00 target price on shares of Costco Wholesale in a report on Friday, July 29th. Deutsche Bank Aktiengesellschaft upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and increased their price objective for the company from $525.00 to $579.00 in a research note on Thursday, July 14th. Finally, Evercore ISI increased their price objective on shares of Costco Wholesale to $585.00 in a research note on Tuesday, September 6th. Four analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $575.28.

Costco Wholesale Company Profile

(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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