Talon Private Wealth LLC Lowers Position in Costco Wholesale Corporation $COST

Talon Private Wealth LLC trimmed its holdings in shares of Costco Wholesale Corporation (NASDAQ:COST) by 12.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 597 shares of the retailer’s stock after selling 87 shares during the period. Talon Private Wealth LLC’s holdings in Costco Wholesale were worth $564,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Personal CFO Solutions LLC increased its position in shares of Costco Wholesale by 12.4% during the first quarter. Personal CFO Solutions LLC now owns 1,519 shares of the retailer’s stock valued at $1,436,000 after acquiring an additional 167 shares in the last quarter. F&V Capital Management LLC bought a new stake in Costco Wholesale in the 1st quarter worth approximately $236,000. Graybill Wealth Management LTD. bought a new stake in shares of Costco Wholesale during the 1st quarter valued at $3,095,000. Rossmore Private Capital grew its position in shares of Costco Wholesale by 0.9% during the 1st quarter. Rossmore Private Capital now owns 6,687 shares of the retailer’s stock valued at $6,325,000 after acquiring an additional 62 shares during the period. Finally, Curat Global LLC bought a new stake in shares of Costco Wholesale during the 1st quarter valued at $241,000. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of the company’s stock in a transaction dated 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 directly owned 11,531 shares in the company, valued at $11,300,380. This represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction dated Monday, July 14th. The stock was sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the completion of the transaction, the executive vice president owned 5,774 shares in the company, valued at $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 5,147 shares of company stock worth $5,031,130. Insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the topic of a number of analyst reports. Telsey Advisory Group restated an “outperform” rating and set a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, August 27th. Erste Group Bank cut shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Wall Street Zen upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Truist Financial boosted 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. Finally, Stifel Nicolaus set a $1,035.00 target price on shares of Costco Wholesale in a report on Thursday, May 29th. Seventeen investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the company’s stock. According to MarketBeat, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $1,050.00.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $963.48 on Monday. The company has a market capitalization of $427.28 billion, a price-to-earnings ratio of 54.65, a PEG ratio of 5.42 and a beta of 0.97. Costco Wholesale Corporation has a 12 month low of $867.16 and a 12 month high of $1,078.23. The firm’s 50-day moving average is $962.23 and its 200 day moving average is $976.69. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a dividend of $1.30 per share. This represents a $5.20 annualized dividend and a yield of 0.5%. The ex-dividend date was Friday, August 1st. Costco Wholesale’s dividend payout ratio is presently 29.50%.

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.