Acorns Advisers LLC Purchases 156 Shares of Costco Wholesale Corporation $COST

Acorns Advisers LLC grew its position in shares of Costco Wholesale Corporation (NASDAQ:COST) by 14.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,231 shares of the retailer’s stock after purchasing an additional 156 shares during the quarter. Acorns Advisers LLC’s holdings in Costco Wholesale were worth $1,164,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Investment Management Corp VA ADV bought a new position in Costco Wholesale during the 4th quarter worth approximately $25,000. Aspect Partners LLC grew its position in Costco Wholesale by 24.4% during the 1st quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after acquiring an additional 11 shares during the last quarter. Capital A Wealth Management LLC bought a new position in Costco Wholesale during the 4th quarter worth approximately $58,000. Mascagni Wealth Management Inc. bought a new position in Costco Wholesale during the 4th quarter worth approximately $59,000. Finally, Bank & Trust Co grew its position in Costco Wholesale by 20.4% during the 1st quarter. Bank & Trust Co now owns 65 shares of the retailer’s stock worth $61,000 after acquiring an additional 11 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. JPMorgan Chase & Co. increased 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 restated an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, August 27th. Truist Financial raised their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a research note on Friday, May 30th. Stifel Nicolaus set a $1,035.00 target price on Costco Wholesale in a research note on Thursday, May 29th. Finally, Loop Capital lowered their target price on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a research note on Thursday, May 29th. Seventeen research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $1,056.67.

Insider Buying and Selling

In related news, EVP Teresa A. Jones sold 600 shares of the business’s stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the sale, the executive vice president directly owned 2,362 shares in the company, valued at approximately $2,343,222.10. The trade was a 20.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Yoram Rubanenko sold 4,000 shares of the company’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 value of $3,899,840.00. Following the transaction, the executive vice president directly owned 5,774 shares in the company, valued at approximately $5,629,419.04. This represents a 40.92% 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 over the last 90 days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST opened at $979.25 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.02 and a quick ratio of 0.52. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23. The firm has a market capitalization of $434.28 billion, a P/E ratio of 55.54, a PEG ratio of 5.47 and a beta of 0.97. The business has a fifty day moving average of $961.73 and a 200 day moving average of $976.27.

Costco Wholesale Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.5%. Costco Wholesale’s payout ratio is presently 29.50%.

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.