Leo Brokerage LLC lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Get 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
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
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.
- Get a free copy of the StockNews.com research report on Costco Wholesale (COST)
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