MassMutual Private Wealth & Trust FSB Buys 166 Shares of Costco Wholesale Corporation $COST

MassMutual Private Wealth & Trust FSB grew its stake in Costco Wholesale Corporation (NASDAQ:COST) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,777 shares of the retailer’s stock after purchasing an additional 166 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in Costco Wholesale were worth $15,618,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Little House Capital LLC lifted its stake in shares of Costco Wholesale by 14.6% in the 2nd quarter. Little House Capital LLC now owns 4,617 shares of the retailer’s stock valued at $4,570,000 after purchasing an additional 587 shares during the last quarter. Everpar Advisors LLC lifted its stake in shares of Costco Wholesale by 17.7% in the 2nd quarter. Everpar Advisors LLC now owns 646 shares of the retailer’s stock valued at $640,000 after purchasing an additional 97 shares during the last quarter. Parisi Gray Wealth Management lifted its stake in shares of Costco Wholesale by 0.5% in the 2nd quarter. Parisi Gray Wealth Management now owns 6,590 shares of the retailer’s stock valued at $6,524,000 after purchasing an additional 36 shares during the last quarter. Northstar Advisory Group LLC bought a new stake in shares of Costco Wholesale in the 2nd quarter valued at approximately $207,000. Finally, Dover Advisors LLC lifted its stake in shares of Costco Wholesale by 1.4% in the 2nd quarter. Dover Advisors LLC now owns 1,159 shares of the retailer’s stock valued at $1,148,000 after purchasing an additional 16 shares during the last quarter. 68.48% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the transaction, the director directly owned 11,531 shares in the company, valued at approximately $11,300,380. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 value of $3,899,840.00. Following the completion of the transaction, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,147 shares of company stock worth $5,031,130. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Trading Down 0.8%

Shares of NASDAQ:COST opened at $960.10 on Tuesday. Costco Wholesale Corporation has a 12-month low of $867.16 and a 12-month high of $1,078.23. The business’s fifty day simple moving average is $959.76 and its 200-day simple moving average is $973.69. The company has a market capitalization of $425.79 billion, a PE ratio of 54.46, a P/E/G ratio of 5.45 and a beta of 0.97. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a $1.30 dividend. The ex-dividend date 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%.

Analyst Ratings Changes

Several research firms have recently issued reports on COST. 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 research note on Friday, May 30th. Evercore ISI decreased their price target on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating for the company in a research note on Tuesday, June 17th. Morgan Stanley raised their price target on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. Loop Capital decreased their price target on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. Finally, Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Seventeen analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $1,056.67.

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.