Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Park National Corp OH

Park National Corp OH raised its position in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 1.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,301 shares of the retailer’s stock after acquiring an additional 463 shares during the quarter. Park National Corp OH’s holdings in Costco Wholesale were worth $14,522,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the company. Fortune 45 LLC increased its holdings in shares of Costco Wholesale by 8.6% in the first quarter. Fortune 45 LLC now owns 696 shares of the retailer’s stock valued at $401,000 after purchasing an additional 55 shares during the last quarter. Mather Group LLC. grew its position in Costco Wholesale by 15.2% in the first quarter. Mather Group LLC. now owns 2,316 shares of the retailer’s stock worth $1,334,000 after acquiring an additional 306 shares during the period. Amalgamated Bank grew its position in Costco Wholesale by 4.4% in the first quarter. Amalgamated Bank now owns 126,327 shares of the retailer’s stock worth $72,745,000 after acquiring an additional 5,278 shares during the period. CHICAGO TRUST Co NA grew its position in Costco Wholesale by 3.6% in the first quarter. CHICAGO TRUST Co NA now owns 6,081 shares of the retailer’s stock worth $3,502,000 after acquiring an additional 209 shares during the period. Finally, Twin Capital Management Inc. boosted its position in shares of Costco Wholesale by 1.3% during the first quarter. Twin Capital Management Inc. now owns 7,728 shares of the retailer’s stock worth $4,450,000 after buying an additional 101 shares during the period. Institutional investors and hedge funds own 66.83% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Oppenheimer raised their price target on Costco Wholesale from $535.00 to $600.00 in a research report on Thursday, August 4th. Evercore ISI raised their price target on Costco Wholesale to $585.00 in a research report on Tuesday, September 6th. Deutsche Bank Aktiengesellschaft upgraded Costco Wholesale from a “hold” rating to a “buy” rating and raised their price target for the stock from $525.00 to $579.00 in a research report on Thursday, July 14th. Truist Financial raised their price target on Costco Wholesale from $543.00 to $571.00 in a research report on Thursday, August 4th. Finally, Citigroup lifted their target price on Costco Wholesale from $510.00 to $545.00 in a report on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $575.28.

Costco Wholesale Stock Up 0.1 %

COST opened at $504.14 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. The business has a 50 day moving average price of $529.83 and a two-hundred day moving average price of $520.87. Costco Wholesale Co. has a 52 week low of $406.51 and a 52 week high of $612.27. The company has a market cap of $223.31 billion, a PE ratio of 39.70, a P/E/G ratio of 3.80 and a beta of 0.70.

Costco Wholesale Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were given 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%.

Insiders Place Their Bets

In other Costco Wholesale news, VP James P. Murphy sold 1,500 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $19,027,996. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Costco Wholesale news, VP James P. Murphy sold 1,500 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $19,027,996. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James P. Murphy sold 2,500 shares of the business’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 worth $2,609,904. Company 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.

Further Reading

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

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