Heartwood Wealth Advisors LLC Purchases 240 Shares of Costco Wholesale Corporation $COST

Heartwood Wealth Advisors LLC boosted its position in Costco Wholesale Corporation (NASDAQ:COST) by 20.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,420 shares of the retailer’s stock after acquiring an additional 240 shares during the period. Heartwood Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,406,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in COST. GAMMA Investing LLC raised its stake in shares of Costco Wholesale by 106,402.1% during the first quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer’s stock worth $7,717,744,000 after buying an additional 8,152,528 shares during the last quarter. Nuveen LLC bought a new position in shares of Costco Wholesale during the 1st quarter valued at about $3,461,159,000. Vanguard Group Inc. boosted its holdings in shares of Costco Wholesale by 1.0% in the first quarter. Vanguard Group Inc. now owns 42,644,711 shares of the retailer’s stock valued at $40,332,515,000 after buying an additional 443,101 shares during the period. National Bank of Canada FI boosted its stake in Costco Wholesale by 84.0% in the 1st quarter. National Bank of Canada FI now owns 812,188 shares of the retailer’s stock worth $768,114,000 after purchasing an additional 370,806 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Costco Wholesale during the fourth quarter worth about $280,046,000. 68.48% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COST. Evercore ISI decreased 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 research report on Tuesday, June 17th. Truist Financial boosted their price target on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Erste Group Bank downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a research note on Thursday, May 29th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a research report on Wednesday, August 27th. Seventeen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,056.67.

Costco Wholesale Stock Up 0.4%

COST opened at $967.90 on Monday. Costco Wholesale Corporation has a 1-year low of $867.16 and a 1-year high of $1,078.23. The stock’s fifty day simple moving average is $960.40 and its 200 day simple moving average is $974.31. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The stock has a market cap of $429.24 billion, a PE ratio of 54.90, a price-to-earnings-growth ratio of 5.45 and a beta of 0.97.

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 given 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 is presently 29.50%.

Insider Activity

In other Costco Wholesale news, 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 sale, the executive vice president directly owned 5,774 shares in the company, valued at $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan L. Decker sold 547 shares of the business’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the sale, the director owned 11,531 shares of the company’s stock, valued at approximately $11,300,380. This represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 5,147 shares of company stock valued at $5,031,130 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

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.