Whitaker Myers Wealth Managers LTD. Has $760,000 Holdings in Costco Wholesale Corporation $COST

Whitaker Myers Wealth Managers LTD. boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 14.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 768 shares of the retailer’s stock after buying an additional 97 shares during the period. Whitaker Myers Wealth Managers LTD.’s holdings in Costco Wholesale were worth $760,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of COST. GAMMA Investing LLC raised its holdings in Costco Wholesale by 106,402.1% during the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer’s stock worth $7,717,744,000 after buying an additional 8,152,528 shares during the period. Nuveen LLC acquired a new stake in Costco Wholesale during the 1st quarter worth about $3,461,159,000. Vanguard Group Inc. grew its stake in Costco Wholesale by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after acquiring an additional 443,101 shares in the last quarter. National Bank of Canada FI grew its stake in Costco Wholesale by 84.0% during the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock valued at $768,114,000 after acquiring an additional 370,806 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Costco Wholesale during the 4th quarter valued at about $280,046,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of the company’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the sale, the director owned 11,531 shares of the company’s stock, valued at $11,300,380. This represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction that occurred on Monday, July 14th. The shares were sold at an average price of $974.96, for a total value of $3,899,840.00. Following the completion of the sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,147 shares of company stock valued at $5,031,130 over the last 90 days. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Up 0.4%

Shares of Costco Wholesale stock opened at $967.90 on Friday. The stock has a market capitalization of $429.24 billion, a P/E ratio of 54.90, a PEG ratio of 5.43 and a beta of 0.97. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $960.40 and a two-hundred day moving average price of $974.64. Costco Wholesale Corporation has a 12-month low of $867.16 and a 12-month high of $1,078.23.

Costco Wholesale Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on COST shares. Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a research note on Thursday, May 29th. Morgan Stanley lifted their target price on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a research note on Friday, May 30th. Loop Capital lowered their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a research note on Thursday, May 29th. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Finally, Truist Financial lifted their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $1,056.67.

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.