Bath Savings Trust Co Lowers Stock Holdings in Costco Wholesale Corporation $COST

Bath Savings Trust Co reduced its position in Costco Wholesale Corporation (NASDAQ:COST) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 21,514 shares of the retailer’s stock after selling 333 shares during the quarter. Costco Wholesale comprises approximately 2.2% of Bath Savings Trust Co’s holdings, making the stock its 12th largest position. Bath Savings Trust Co’s holdings in Costco Wholesale were worth $21,298,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in COST. Investment Management Corp VA ADV purchased a new stake in Costco Wholesale during the 4th quarter worth approximately $25,000. Bulwark Capital Corp purchased a new stake in shares of Costco Wholesale during the second quarter worth $25,000. Anderson Financial Strategies LLC raised its stake in shares of Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after acquiring an additional 36 shares in the last quarter. eCIO Inc. purchased a new position in Costco Wholesale in the first quarter valued at $48,000. Finally, Aspect Partners LLC grew its stake in Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after purchasing an additional 11 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 1.2%

COST opened at $963.03 on Thursday. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23. The business has a 50 day moving average price of $958.71 and a two-hundred day moving average price of $973.47. 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 market cap of $427.08 billion, a PE ratio of 54.62, a P/E/G ratio of 5.36 and a beta of 0.97.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors 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 annualized dividend and a dividend yield of 0.5%. Costco Wholesale’s dividend payout ratio (DPR) is currently 29.50%.

Wall Street Analyst Weigh In

COST has been the topic of a number of analyst reports. Wall Street Zen raised Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. 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 report on Friday, May 30th. Truist Financial boosted their price target 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. Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research report on Thursday, May 29th. Finally, Loop Capital decreased their price objective on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a research report on Thursday, May 29th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,056.67.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the transaction, the executive vice president owned 2,362 shares in the company, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction dated 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 sale, the executive vice president directly 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. 0.18% of the stock is owned by company 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.