Westmount Partners LLC Raises Holdings in Costco Wholesale Corporation $COST

Westmount Partners LLC grew its position in Costco Wholesale Corporation (NASDAQ:COST) by 0.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,471 shares of the retailer’s stock after buying an additional 17 shares during the quarter. Costco Wholesale accounts for 0.9% of Westmount Partners LLC’s holdings, making the stock its 23rd largest holding. Westmount Partners LLC’s holdings in Costco Wholesale were worth $3,436,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Investment Management Corp VA ADV purchased a new position in shares of Costco Wholesale in the 4th quarter valued at $25,000. Anderson Financial Strategies LLC increased its holdings in shares of Costco Wholesale by 900.0% in the 1st quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after acquiring an additional 36 shares during the period. eCIO Inc. purchased a new position in shares of Costco Wholesale in the 1st quarter valued at $48,000. Aspect Partners LLC increased its holdings in shares of Costco Wholesale by 24.4% in the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after acquiring an additional 11 shares during the period. Finally, Capital A Wealth Management LLC purchased a new position in shares of Costco Wholesale in the 4th quarter valued at $58,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on COST shares. Loop Capital cut their price target on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. Wall Street Zen upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, August 27th. Erste Group Bank downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Finally, Truist Financial boosted their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Seventeen analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $1,056.67.

Costco Wholesale Stock Down 0.8%

Costco Wholesale stock opened at $960.10 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The business’s 50-day simple moving average is $959.76 and its two-hundred day simple moving average is $973.69. The company has a market cap of $425.79 billion, a PE ratio of 54.46, a PEG ratio of 5.45 and a beta of 0.97. Costco Wholesale Corporation has a fifty-two week low of $867.16 and a fifty-two week high of $1,078.23.

Costco Wholesale Announces Dividend

The company also recently declared 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 presently 29.50%.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale 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 transaction of $536,060.00. Following the sale, the director owned 11,531 shares in the company, valued at approximately $11,300,380. The trade was a 4.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president owned 5,774 shares in the company, 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. In the last 90 days, insiders have sold 5,147 shares of company stock worth $5,031,130. 0.18% of the stock is currently owned by insiders.

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.