Leonard Rickey Investment Advisors P.L.L.C. Sells 40 Shares of Costco Wholesale Corporation $COST

Leonard Rickey Investment Advisors P.L.L.C. cut its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.5% during the second quarter, Holdings Channel.com reports. The firm owned 2,689 shares of the retailer’s stock after selling 40 shares during the period. Costco Wholesale makes up 0.5% of Leonard Rickey Investment Advisors P.L.L.C.’s holdings, making the stock its 27th biggest holding. Leonard Rickey Investment Advisors P.L.L.C.’s holdings in Costco Wholesale were worth $2,662,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bulwark Capital Corp bought a new position in shares of Costco Wholesale during the second quarter valued at approximately $25,000. Anderson Financial Strategies LLC boosted its stake in shares of Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after purchasing an additional 36 shares in the last quarter. eCIO Inc. bought a new position in shares of Costco Wholesale during the first quarter valued at approximately $48,000. Aspect Partners LLC boosted its stake in shares of Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after purchasing an additional 11 shares in the last quarter. Finally, Capital A Wealth Management LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at approximately $58,000. 68.48% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction on Wednesday, August 20th. The shares were 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 owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the transaction, the executive vice president directly owned 5,774 shares of the company’s stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Trading Down 0.8%

NASDAQ COST opened at $943.26 on Tuesday. The company has a market capitalization of $418.32 billion, a PE ratio of 53.50, a P/E/G ratio of 5.34 and a beta of 0.97. The company has a fifty day moving average of $957.21 and a 200 day moving average of $971.17. Costco Wholesale Corporation has a 1 year low of $867.16 and a 1 year high of $1,078.23. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $1.30 dividend. 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 0.6%. Costco Wholesale’s payout ratio is presently 29.50%.

Analysts Set New Price Targets

Several brokerages have weighed in on COST. Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Truist Financial raised their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research note on Thursday, May 29th. Wall Street Zen upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Finally, Morgan Stanley raised their target price on shares of 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. Seventeen research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average price target of $1,061.30.

Costco Wholesale 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.