Versant Capital Management Inc Has $1.52 Million Stock Holdings in Costco Wholesale Corporation $COST

Versant Capital Management Inc raised its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,538 shares of the retailer’s stock after purchasing an additional 21 shares during the quarter. Versant Capital Management Inc’s holdings in Costco Wholesale were worth $1,523,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of COST. Brighton Jones LLC boosted its holdings in shares of Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock valued at $18,165,000 after purchasing an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Costco Wholesale by 13.1% during 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 in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of Costco Wholesale by 45.0% during 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 in the last quarter. Highview Capital Management LLC DE boosted its holdings in shares of Costco Wholesale by 0.8% during the 4th quarter. Highview Capital Management LLC DE now owns 4,813 shares of the retailer’s stock valued at $4,410,000 after acquiring an additional 40 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC boosted its holdings in shares of Costco Wholesale by 1.0% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 33,469 shares of the retailer’s stock valued at $30,667,000 after acquiring an additional 339 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Buying and Selling

In other news, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale 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 completion of the transaction, the executive vice president directly 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction dated Wednesday, August 20th. The stock was 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 directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their ownership of the stock. 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 in the last three months. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Up 0.4%

Shares of NASDAQ:COST opened at $967.90 on Friday. The firm has a market cap of $429.24 billion, a P/E ratio of 54.90, a P/E/G 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. Costco Wholesale Corporation has a 12-month low of $867.16 and a 12-month high of $1,078.23. The business has a fifty day simple moving average of $960.40 and a 200 day simple moving average of $974.64.

Costco Wholesale Announces Dividend

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

Analysts Set New Price Targets

COST has been the topic of several recent research reports. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Wednesday, August 27th. Erste Group Bank downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Truist Financial raised their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. JPMorgan Chase & Co. raised their price objective on Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a report on Thursday, August 7th. Finally, Morgan Stanley raised their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Seventeen equities 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 has a consensus rating of “Moderate Buy” and an average target price of $1,056.67.

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.