Legacy Capital Wealth Partners LLC Has $493,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

Legacy Capital Wealth Partners LLC cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 48.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 580 shares of the retailer’s stock after selling 553 shares during the period. Legacy Capital Wealth Partners LLC’s holdings in Costco Wholesale were worth $493,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Adell Harriman & Carpenter Inc. grew its stake in shares of Costco Wholesale by 1.4% during the 2nd quarter. Adell Harriman & Carpenter Inc. now owns 36,311 shares of the retailer’s stock worth $30,864,000 after acquiring an additional 493 shares in the last quarter. Allegheny Financial Group LTD increased its stake in Costco Wholesale by 2.1% in the 2nd quarter. Allegheny Financial Group LTD now owns 1,998 shares of the retailer’s stock valued at $1,698,000 after buying an additional 42 shares during the last quarter. Hemington Wealth Management boosted its position in Costco Wholesale by 2.3% during the second quarter. Hemington Wealth Management now owns 1,127 shares of the retailer’s stock valued at $958,000 after purchasing an additional 25 shares during the last quarter. Affiance Financial LLC increased its position in shares of Costco Wholesale by 5.4% during the 2nd quarter. Affiance Financial LLC now owns 581 shares of the retailer’s stock worth $495,000 after purchasing an additional 30 shares during the last quarter. Finally, TIAA Trust National Association boosted its holdings in shares of Costco Wholesale by 0.4% in the 2nd quarter. TIAA Trust National Association now owns 21,156 shares of the retailer’s stock valued at $17,982,000 after buying an additional 80 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In other news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock valued at $4,252,856 over the last quarter. 0.18% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on COST. Truist Financial lifted their price objective on shares of Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a research report on Friday, May 31st. Roth Mkm reaffirmed a “neutral” rating and issued a $676.00 price objective (up from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. Citigroup boosted their target price on shares of Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a research report on Friday, May 31st. Loop Capital raised their price target on shares of Costco Wholesale from $940.00 to $970.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Bank of America increased their price target on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Eight equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $824.50.

Costco Wholesale Trading Down 1.5 %

NASDAQ COST opened at $878.57 on Wednesday. Costco Wholesale Co. has a twelve month low of $540.18 and a twelve month high of $918.93. The business’s fifty day moving average is $855.55 and its 200 day moving average is $797.36. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The company has a market cap of $389.50 billion, a price-to-earnings ratio of 54.43, a price-to-earnings-growth ratio of 5.98 and a beta of 0.78.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

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.