Mitchell Capital Management Co. trimmed its position in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 9.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,819 shares of the retailer’s stock after selling 730 shares during the period. Costco Wholesale accounts for 1.2% of Mitchell Capital Management Co.’s investment portfolio, making the stock its 21st biggest holding. Mitchell Capital Management Co.’s holdings in Costco Wholesale were worth $6,485,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fishman Jay A Ltd. MI grew its position in Costco Wholesale by 3.5% during the 2nd quarter. Fishman Jay A Ltd. MI now owns 16,888 shares of the retailer’s stock worth $16,718,000 after purchasing an additional 575 shares in the last quarter. Independent Solutions Wealth Management LLC grew its position in Costco Wholesale by 0.3% during the 2nd quarter. Independent Solutions Wealth Management LLC now owns 20,638 shares of the retailer’s stock worth $20,430,000 after purchasing an additional 53 shares in the last quarter. Personal CFO Solutions LLC grew its position in Costco Wholesale by 12.4% during the 1st quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock worth $1,436,000 after purchasing an additional 167 shares in the last quarter. Graybill Wealth Management LTD. purchased a new position in Costco Wholesale during the 1st quarter worth approximately $3,095,000. Finally, Rossmore Private Capital grew its position in Costco Wholesale by 0.9% during the 1st quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock worth $6,325,000 after purchasing an additional 62 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.
Costco Wholesale Trading Down 1.4%
Shares of NASDAQ:COST opened at $930.01 on Monday. The stock has a market capitalization of $412.16 billion, a PE ratio of 51.07, a P/E/G ratio of 5.64 and a beta of 0.98. Costco Wholesale Corporation has a 1 year low of $867.34 and a 1 year high of $1,078.23. The firm has a fifty day moving average price of $952.05 and a 200 day moving average price of $972.00. The company has a current ratio of 1.03, a quick ratio of 0.55 and a debt-to-equity ratio of 0.20.
Costco Wholesale Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $1.30 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a yield of 0.6%. Costco Wholesale’s dividend payout ratio is currently 28.56%.
Insiders Place Their Bets
In related news, EVP Russell D. Miller sold 3,381 shares of the company’s stock in a transaction on Monday, September 29th. The shares were sold at an average price of $915.00, for a total value of $3,093,615.00. Following the completion of the sale, the executive vice president directly owned 9,740 shares in the company, valued at approximately $8,912,100. This represents a 25.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.18% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on COST shares. Wolfe Research started coverage on shares of Costco Wholesale in a research report on Thursday, September 18th. They set a “peer perform” rating on the stock. DA Davidson restated a “neutral” rating and set a $1,000.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Evercore ISI lowered their price target on shares of Costco Wholesale from $1,060.00 to $1,025.00 and set an “outperform” rating on the stock in a report on Friday, September 26th. Oppenheimer restated an “outperform” rating and set a $1,130.00 price target on shares of Costco Wholesale in a report on Friday, September 26th. Finally, Truist Financial lowered their price target on shares of Costco Wholesale from $1,042.00 to $1,033.00 and set a “hold” rating on the stock in a report on Friday, September 26th. Nineteen research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,066.23.
View Our Latest Analysis on Costco Wholesale
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
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