O Brien Greene & Co. Inc Reduces Stake in Costco Wholesale Co. (NASDAQ:COST)

O Brien Greene & Co. Inc reduced its stake in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 1.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,916 shares of the retailer’s stock after selling 67 shares during the quarter. O Brien Greene & Co. Inc’s holdings in Costco Wholesale were worth $2,255,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in COST. Covestor Ltd purchased a new stake in Costco Wholesale in the 4th quarter valued at $71,000. Linscomb & Williams Inc. grew its holdings in shares of Costco Wholesale by 3.7% during the 4th quarter. Linscomb & Williams Inc. now owns 7,292 shares of the retailer’s stock worth $4,140,000 after purchasing an additional 260 shares during the period. Zhang Financial LLC purchased a new position in shares of Costco Wholesale during the 4th quarter worth $223,000. Equitable Holdings Inc. grew its holdings in shares of Costco Wholesale by 5.3% during the 4th quarter. Equitable Holdings Inc. now owns 3,576 shares of the retailer’s stock worth $2,030,000 after purchasing an additional 181 shares during the period. Finally, Prudential PLC grew its holdings in shares of Costco Wholesale by 8.5% during the 4th quarter. Prudential PLC now owns 19,523 shares of the retailer’s stock worth $11,083,000 after purchasing an additional 1,527 shares during the period. 66.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COST has been the subject of a number of research analyst reports. Credit Suisse Group lowered their price target on Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating for the company in a report on Friday, May 27th. Truist Financial increased their price target on Costco Wholesale from $543.00 to $571.00 in a report on Thursday, August 4th. Loop Capital lowered their target price on Costco Wholesale from $610.00 to $585.00 in a report on Thursday, September 1st. StockNews.com upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, July 15th. Finally, Telsey Advisory Group lowered their target price on Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating for the company in a report on Friday, May 27th. Four investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $575.28.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $510.30 on Wednesday. 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 fifty-two week low of $406.51 and a fifty-two week high of $612.27. The firm has a market capitalization of $226.04 billion, a PE ratio of 40.18, a price-to-earnings-growth ratio of 4.05 and a beta of 0.70. The stock’s 50-day simple moving average is $529.35 and its 200-day simple moving average is $521.07.

Costco Wholesale Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 12th. Stockholders of record on Friday, July 29th were given a dividend of $0.09 per share. 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 dividend payout ratio (DPR) is presently 28.35%.

Insider Transactions at Costco Wholesale

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 stock was sold at an average price of $464.00, for a total transaction of $1,160,000.00. Following the transaction, the vice president now owns 37,730 shares in the company, valued at approximately $17,506,720. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Kenneth D. Denman sold 300 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $521.68, for a total transaction of $156,504.00. Following the transaction, the director now owns 5,197 shares in the company, valued at approximately $2,711,170.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, VP James P. Murphy sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $464.00, for a total value of $1,160,000.00. Following the transaction, the vice president now owns 37,730 shares in the company, valued at approximately $17,506,720. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,300 shares of company stock valued at $2,609,904. Corporate insiders own 0.22% of the company’s stock.

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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