Costco Wholesale Corporation $COST Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd lessened its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 6.6% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,161 shares of the retailer’s stock after selling 855 shares during the quarter. Costco Wholesale makes up 1.0% of Plato Investment Management Ltd’s holdings, making the stock its 13th biggest position. Plato Investment Management Ltd’s holdings in Costco Wholesale were worth $11,626,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Corps Capital Advisors LLC boosted its holdings in shares of Costco Wholesale by 0.7% during the first quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock worth $1,463,000 after purchasing an additional 10 shares during the period. Covestor Ltd lifted its stake in shares of Costco Wholesale by 8.6% in the first quarter. Covestor Ltd now owns 126 shares of the retailer’s stock worth $119,000 after buying an additional 10 shares during the last quarter. Rooted Wealth Advisors Inc. lifted its stake in shares of Costco Wholesale by 2.6% in the first quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer’s stock worth $404,000 after buying an additional 11 shares during the last quarter. Bank & Trust Co raised its stake in Costco Wholesale by 20.4% during the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock valued at $61,000 after purchasing an additional 11 shares during the last quarter. Finally, Amplius Wealth Advisors LLC raised its stake in Costco Wholesale by 1.3% during the 1st quarter. Amplius Wealth Advisors LLC now owns 866 shares of the retailer’s stock valued at $819,000 after purchasing an additional 11 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In related news, Director Susan L. Decker sold 547 shares of the business’s stock in a transaction dated Wednesday, June 18th. The stock was 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 $11,300,380. The trade was a 4.53% 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, EVP Yoram Rubanenko sold 4,000 shares of the business’s stock in a transaction dated 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 transaction, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 5,147 shares of company stock valued at $5,031,130 over the last quarter. 0.18% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. Erste Group Bank lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Truist Financial increased their price objective on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a report on Friday, May 30th. Evercore ISI decreased their price objective on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating on the stock in a report on Tuesday, June 17th. Wall Street Zen raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,056.67.

Costco Wholesale Price Performance

Shares of COST opened at $979.25 on Wednesday. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. 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 company has a 50 day moving average of $961.73 and a 200-day moving average of $976.27. The stock has a market capitalization of $434.28 billion, a P/E ratio of 55.54, a P/E/G ratio of 5.47 and a beta of 0.97.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued 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 dividend yield of 0.5%. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.50%.

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.