A&I Financial Services LLC Has $354,000 Stock Holdings in Costco Wholesale Corporation $COST

A&I Financial Services LLC grew its position in Costco Wholesale Corporation (NASDAQ:COST) by 8.2% during the 2nd quarter, Holdings Channel reports. The firm owned 358 shares of the retailer’s stock after purchasing an additional 27 shares during the quarter. A&I Financial Services LLC’s holdings in Costco Wholesale were worth $354,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in COST. Brighton Jones LLC raised its holdings in shares of Costco Wholesale by 12.3% in the fourth quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after buying an additional 2,172 shares during the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock valued at $1,029,000 after acquiring an additional 130 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Costco Wholesale by 45.0% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 117,254 shares of the retailer’s stock valued at $107,436,000 after acquiring an additional 36,384 shares during the last quarter. Pinney & Scofield Inc. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $334,000. Finally, GF Fund Management CO. LTD. acquired a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $88,293,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $951.16 on Friday. The stock’s 50 day moving average is $957.97 and its 200 day moving average is $971.70. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. The firm has a market cap of $421.82 billion, a P/E ratio of 53.95, a P/E/G ratio of 5.34 and a beta of 0.97. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23.

Costco Wholesale Announces Dividend

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on COST. Truist Financial upped 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. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a report on Thursday, May 29th. Morgan Stanley increased their price target 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. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Finally, Wolfe Research assumed coverage on Costco Wholesale in a research report on Thursday. They set a “peer perform” rating on the stock. Seventeen equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $1,056.67.

Insider Buying and Selling

In other news, EVP Teresa A. Jones sold 600 shares of the business’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 transaction of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the business’s 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 sale, the executive vice president owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

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.