Greenfield Savings Bank Decreases Position in Costco Wholesale Corporation $COST

Greenfield Savings Bank lowered its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 0.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,215 shares of the retailer’s stock after selling 23 shares during the period. Costco Wholesale makes up 2.3% of Greenfield Savings Bank’s portfolio, making the stock its 7th biggest position. Greenfield Savings Bank’s holdings in Costco Wholesale were worth $5,163,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. OMNI 360 Wealth Inc. boosted its holdings in Costco Wholesale by 48.6% during the second quarter. OMNI 360 Wealth Inc. now owns 434 shares of the retailer’s stock worth $429,000 after buying an additional 142 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in Costco Wholesale by 9.6% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 5,452 shares of the retailer’s stock worth $5,399,000 after buying an additional 478 shares during the last quarter. Peterson Wealth Advisors LLC boosted its holdings in Costco Wholesale by 4.6% during the second quarter. Peterson Wealth Advisors LLC now owns 597 shares of the retailer’s stock worth $591,000 after buying an additional 26 shares during the last quarter. Centurion Wealth Management LLC boosted its holdings in Costco Wholesale by 14.0% during the second quarter. Centurion Wealth Management LLC now owns 2,014 shares of the retailer’s stock worth $1,994,000 after buying an additional 248 shares during the last quarter. Finally, TruWealth Advisors LLC boosted its holdings in Costco Wholesale by 1.4% during the second quarter. TruWealth Advisors LLC now owns 37,906 shares of the retailer’s stock worth $37,525,000 after buying an additional 516 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.4%

Shares of Costco Wholesale stock opened at $967.90 on Friday. The business’s 50 day simple moving average is $960.40 and its 200 day simple moving average is $974.64. Costco Wholesale Corporation has a 52-week low of $867.16 and a 52-week high of $1,078.23. The firm has a market cap of $429.24 billion, a PE ratio of 54.90, a P/E/G ratio of 5.43 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were given a $1.30 dividend. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.50%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COST. Morgan Stanley raised their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a report on Friday, May 30th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a report on Wednesday, August 27th. Loop Capital dropped their price target on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a research report on Thursday, May 29th. Finally, Truist Financial raised their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,056.67.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president directly owned 2,362 shares in the company, valued at $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan L. Decker sold 547 shares of the firm’s stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the transaction, the director owned 11,531 shares of the company’s stock, valued at approximately $11,300,380. This represents a 4.53% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,147 shares of company stock valued at $5,031,130. 0.18% of the stock is owned by insiders.

Costco Wholesale Company Profile

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.