Annex Advisory Services LLC Purchases 3,083 Shares of Costco Wholesale Corporation $COST

Annex Advisory Services LLC grew its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 9.5% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 35,554 shares of the retailer’s stock after buying an additional 3,083 shares during the quarter. Annex Advisory Services LLC’s holdings in Costco Wholesale were worth $35,197,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its holdings in 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 acquiring an additional 443,101 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Costco Wholesale by 106,402.1% during the 1st quarter. GAMMA Investing LLC now owns 8,160,190 shares of the retailer’s stock valued at $7,717,744,000 after purchasing an additional 8,152,528 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of Costco Wholesale by 0.4% during the first quarter. Alliancebernstein L.P. now owns 4,332,009 shares of the retailer’s stock valued at $4,097,127,000 after buying an additional 18,045 shares during the period. Invesco Ltd. raised its stake in Costco Wholesale by 5.2% in the first quarter. Invesco Ltd. now owns 3,907,670 shares of the retailer’s stock worth $3,695,796,000 after buying an additional 191,985 shares in the last quarter. Finally, Nuveen LLC purchased a new stake in Costco Wholesale in the first quarter worth about $3,461,159,000. 68.48% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on COST shares. Wall Street Zen raised Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Erste Group Bank downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a report on Tuesday, August 5th. Telsey Advisory Group reissued an “outperform” rating and set a $1,100.00 price objective on shares of Costco Wholesale in a research report on Wednesday, August 27th. Morgan Stanley boosted their target price on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Finally, Truist Financial increased their price target 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. Seventeen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $1,056.67.

Costco Wholesale Stock Down 0.1%

COST stock opened at $951.16 on Friday. The company has a market cap of $421.82 billion, a price-to-earnings ratio of 53.95, a P/E/G ratio of 5.34 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The business’s 50-day moving average is $957.97 and its two-hundred day moving average is $971.70. Costco Wholesale Corporation has a fifty-two week low of $867.16 and a fifty-two week high of $1,078.23.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.50%.

Insider Activity at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of Costco Wholesale stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total transaction of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. This trade represents a 20.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction on 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 completion of the sale, the executive vice president owned 5,774 shares of the company’s stock, valued at $5,629,419.04. This trade represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.