Strategic Wealth Partners Ltd. Cuts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Strategic Wealth Partners Ltd. decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 6.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 3,214 shares of the retailer’s stock after selling 224 shares during the period. Strategic Wealth Partners Ltd.’s holdings in Costco Wholesale were worth $1,851,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of COST. Covestor Ltd acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $71,000. Equitable Holdings Inc. lifted its holdings in shares of Costco Wholesale by 5.3% during the fourth 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. Ingalls & Snyder LLC lifted its holdings in shares of Costco Wholesale by 2.9% during the fourth quarter. Ingalls & Snyder LLC now owns 1,930 shares of the retailer’s stock worth $1,096,000 after purchasing an additional 54 shares during the period. Advisor Resource Council acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $2,217,000. Finally, Ensign Peak Advisors Inc lifted its holdings in shares of Costco Wholesale by 4.5% during the fourth quarter. Ensign Peak Advisors Inc now owns 407,198 shares of the retailer’s stock worth $231,167,000 after purchasing an additional 17,538 shares during the period. Hedge funds and other institutional investors own 66.83% of the company’s stock.

Costco Wholesale Price Performance

COST opened at $508.00 on Thursday. The stock’s 50-day moving average price is $529.35 and its 200 day moving average price is $521.07. Costco Wholesale Co. has a 12-month low of $406.51 and a 12-month high of $612.27. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32. The firm has a market cap of $225.03 billion, a price-to-earnings ratio of 40.00, 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. Investors of record on Friday, July 29th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.07%. The ex-dividend date was Thursday, July 28th. Costco Wholesale’s payout ratio is 28.35%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial boosted their price target on Costco Wholesale from $543.00 to $571.00 in a report on Thursday, August 4th. Jefferies Financial Group reissued a “buy” rating and issued a $580.00 price target on shares of Costco Wholesale in a report on Friday, July 29th. Deutsche Bank Aktiengesellschaft raised Costco Wholesale from a “hold” rating to a “buy” rating and boosted their price target for the company from $525.00 to $579.00 in a report on Thursday, July 14th. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, July 15th. Finally, Citigroup upped their target price on Costco Wholesale from $510.00 to $545.00 in a research note on Thursday, August 4th. Four analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $575.28.

Insider Buying and Selling

In related news, VP James P. Murphy sold 1,500 shares of the stock in a transaction dated Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total transaction of $787,800.00. Following the transaction, the vice president now owns 36,230 shares of the company’s stock, valued at approximately $19,027,996. The transaction was disclosed in a filing with the SEC, which is available 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 stock was sold at an average price of $525.20, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP James P. Murphy sold 2,500 shares of the stock in a transaction dated 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 sale, the vice president now directly 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 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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