Costco Wholesale Corporation $COST Shares Purchased by Atticus Wealth Management LLC

Atticus Wealth Management LLC lifted its position in Costco Wholesale Corporation (NASDAQ:COST) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,598 shares of the retailer’s stock after purchasing an additional 41 shares during the period. Costco Wholesale comprises about 1.0% of Atticus Wealth Management LLC’s portfolio, making the stock its 18th biggest holding. Atticus Wealth Management LLC’s holdings in Costco Wholesale were worth $3,562,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new position in Costco Wholesale during the fourth quarter worth $25,000. Bulwark Capital Corp acquired a new position in Costco Wholesale during the second quarter worth $25,000. Anderson Financial Strategies LLC raised its position in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after acquiring an additional 36 shares during the period. eCIO Inc. acquired a new position in Costco Wholesale during the first quarter worth $48,000. Finally, Aspect Partners LLC raised its position in Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after acquiring an additional 11 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on COST shares. Truist Financial upped their target price 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. Morgan Stanley upped their target price on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a report on Friday, May 30th. Evercore ISI dropped their target price on shares of Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating for the company in a report on Tuesday, June 17th. JPMorgan Chase & Co. upped their target price 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. Finally, Loop Capital dropped their target price on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a report on Thursday, May 29th. Seventeen investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $1,056.67.

Insider Activity at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction that occurred on Wednesday, August 20th. The shares were 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 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm’s stock in a transaction that occurred on 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 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. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 1.2%

NASDAQ COST opened at $963.03 on Thursday. The firm has a 50 day simple moving average of $958.71 and a 200-day simple moving average of $973.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23. The firm has a market cap of $427.08 billion, a price-to-earnings ratio of 54.62, a PEG ratio of 5.36 and a beta of 0.97.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $1.30 dividend. 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 presently 29.50%.

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.