Costco Wholesale Corporation $COST Shares Acquired by Acorns Advisers LLC

Acorns Advisers LLC boosted its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 14.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,231 shares of the retailer’s stock after acquiring an additional 156 shares during the period. Acorns Advisers LLC’s holdings in Costco Wholesale were worth $1,164,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in COST. Investment Management Corp VA ADV purchased a new position in Costco Wholesale in the fourth quarter valued at $25,000. Aspect Partners LLC increased its holdings in Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after buying an additional 11 shares during the last quarter. Capital A Wealth Management LLC purchased a new position in Costco Wholesale in the fourth quarter valued at $58,000. Mascagni Wealth Management Inc. purchased a new position in Costco Wholesale in the fourth quarter valued at $59,000. Finally, Ransom Advisory Ltd purchased a new position in shares of Costco Wholesale during the first quarter worth about $61,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of the business’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total value of $536,060.00. Following the transaction, the director owned 11,531 shares in the company, valued at $11,300,380. The trade was a 4.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction on 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 in the company, valued at $2,343,222.10. This represents a 20.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 5,147 shares of company stock valued at $5,031,130 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ:COST opened at $979.25 on Wednesday. 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 $434.28 billion, a P/E ratio of 55.54, a PEG ratio of 5.47 and a beta of 0.97. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23. The company has a 50-day moving average price of $961.73 and a 200 day moving average price of $976.27.

Costco Wholesale Announces Dividend

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

Analyst Ratings Changes

COST has been the topic of several research reports. JPMorgan Chase & Co. raised their price objective on Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a report on Wednesday, August 27th. Truist Financial increased their target price on shares of Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Loop Capital lowered their price target on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a report on Thursday, May 29th. Finally, Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $1,056.67.

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.