Skyline Advisors Inc. Sells 164 Shares of Costco Wholesale Corporation $COST

Skyline Advisors Inc. reduced its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 10.9% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,339 shares of the retailer’s stock after selling 164 shares during the period. Costco Wholesale comprises 0.5% of Skyline Advisors Inc.’s portfolio, making the stock its 28th biggest position. Skyline Advisors Inc.’s holdings in Costco Wholesale were worth $1,325,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of COST. GAMMA Investing LLC lifted its stake in shares of 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 acquiring an additional 8,152,528 shares during the last quarter. Nuveen LLC bought a new stake in Costco Wholesale during the 1st quarter valued at $3,461,159,000. Kingstone Capital Partners Texas LLC raised its position in Costco Wholesale by 418,980.3% during the 2nd quarter. Kingstone Capital Partners Texas LLC now owns 2,359,422 shares of the retailer’s stock valued at $2,335,686,000 after purchasing an additional 2,358,859 shares in the last quarter. Vanguard Group Inc. raised its position 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 purchasing an additional 443,101 shares in the last quarter. Finally, National Bank of Canada FI raised its position 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 purchasing an additional 370,806 shares in the last quarter. 68.48% of the stock is owned by institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale 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 directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 stock was 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 trade represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Performance

NASDAQ COST opened at $951.16 on Friday. The stock has a market capitalization of $421.82 billion, a price-to-earnings ratio of 53.95, a PEG ratio of 5.34 and a beta of 0.97. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average of $957.97 and a 200 day moving average of $971.70.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on COST shares. 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 report on Friday, May 30th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research report on Wednesday, August 27th. Wolfe Research started coverage on Costco Wholesale in a research report on Thursday. They set a “peer perform” rating for the company. Loop Capital decreased their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a research report on Thursday, May 29th. Finally, Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Seventeen equities research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,056.67.

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.