Leo Brokerage LLC Sells 247 Shares of Costco Wholesale Co. (NASDAQ:COST)

Leo Brokerage LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 7.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,993 shares of the retailer’s stock after selling 247 shares during the period. Leo Brokerage LLC’s holdings in Costco Wholesale were worth $1,435,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently modified their holdings of COST. Contravisory Investment Management Inc. acquired a new stake in shares of Costco Wholesale during the first quarter worth about $26,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $30,000. Mystic Asset Management Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter worth about $40,000. Lansing Street Advisors acquired a new stake in shares of Costco Wholesale during the first quarter worth about $41,000. Finally, Cordant Inc. acquired a new stake in Costco Wholesale in the 1st quarter valued at approximately $47,000. Institutional investors and hedge funds own 66.83% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent research reports. Jefferies Financial Group reissued a “buy” rating and issued a $580.00 target price on shares of Costco Wholesale in a research report on Friday, July 29th. Evercore ISI lifted their target price on Costco Wholesale to $585.00 in a research report on Tuesday, September 6th. Telsey Advisory Group lowered their price target on Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $580.00 price target on shares of Costco Wholesale in a research report on Monday, May 30th. Finally, StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, July 15th. Four research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $575.28.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, CFO Richard A. Galanti sold 1,000 shares of the company’s stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $505.60, for a total value of $505,600.00. Following the sale, the chief financial officer now owns 25,750 shares in the company, valued at approximately $13,019,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CFO Richard A. Galanti sold 1,000 shares of the company’s stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $505.60, for a total transaction of $505,600.00. Following the sale, the chief financial officer now owns 25,750 shares in the company, valued at approximately $13,019,200. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP James P. Murphy sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total value of $787,800.00. Following the completion of the transaction, the vice president now owns 36,230 shares in the company, valued at approximately $19,027,996. The disclosure for this sale can be found here. In the last quarter, insiders have sold 5,300 shares of company stock worth $2,609,904. Insiders own 0.22% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST opened at $504.14 on Monday. Costco Wholesale Co. has a 12-month low of $406.51 and a 12-month high of $612.27. The business has a 50-day simple moving average of $529.88 and a two-hundred day simple moving average of $520.69. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. The stock has a market cap of $223.32 billion, a PE ratio of 39.70, a PEG ratio of 3.80 and a beta of 0.70.

Costco Wholesale Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were given a $0.09 dividend. The ex-dividend date was Thursday, July 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.07%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.35%.

Costco Wholesale Profile

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

See Also

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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