American Trust Sells 999 Shares of Costco Wholesale Corporation $COST

by · The Markets Daily

American Trust trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 13.6% during the first quarter, HoldingsChannel reports. The firm owned 6,353 shares of the retailer’s stock after selling 999 shares during the quarter. Costco Wholesale accounts for about 1.5% of American Trust’s investment portfolio, making the stock its 11th biggest holding. American Trust’s holdings in Costco Wholesale were worth $6,009,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Corps Capital Advisors LLC raised its stake in Costco Wholesale by 0.7% in the 1st quarter. Corps Capital Advisors LLC now owns 1,547 shares of the retailer’s stock valued at $1,463,000 after acquiring an additional 10 shares during the period. Covestor Ltd raised its stake in Costco Wholesale by 8.6% in the 1st quarter. Covestor Ltd now owns 126 shares of the retailer’s stock valued at $119,000 after acquiring an additional 10 shares during the period. Rooted Wealth Advisors Inc. raised its stake in Costco Wholesale by 2.6% in the 1st quarter. Rooted Wealth Advisors Inc. now owns 441 shares of the retailer’s stock valued at $404,000 after acquiring an additional 11 shares during the period. Bank & Trust Co raised its stake in Costco Wholesale by 20.4% in the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock valued at $61,000 after acquiring an additional 11 shares during the period. Finally, Amplius Wealth Advisors LLC raised its stake in Costco Wholesale by 1.3% in the 1st quarter. Amplius Wealth Advisors LLC now owns 866 shares of the retailer’s stock valued at $819,000 after acquiring an additional 11 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Transactions at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was 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 of the company’s stock, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The sale 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 stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the transaction, the executive vice president directly owned 5,774 shares of the company’s stock, valued at $5,629,419.04. The trade was a 40.92% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 5,147 shares of company stock valued at $5,031,130. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Up 0.9%

COST stock opened at $971.85 on Tuesday. 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 firm has a market capitalization of $431.00 billion, a PE ratio of 55.12, a PEG ratio of 5.42 and a beta of 0.97. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. The stock has a 50-day simple moving average of $961.87 and a two-hundred day simple moving average of $976.25.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders 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 payout ratio is presently 29.50%.

Analyst Upgrades and Downgrades

COST has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Wall Street Zen upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Evercore ISI reduced their target price on 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. Finally, Truist Financial lifted their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Seventeen research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. According to MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $1,050.00.

Get Our Latest Stock Analysis on Costco Wholesale

Costco Wholesale Company Profile

(Free Report)

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.

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