Trust Co of the South Has $635,000 Holdings in Costco Wholesale Corporation $COST

Trust Co of the South grew its stake in Costco Wholesale Corporation (NASDAQ:COST) by 6.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 641 shares of the retailer’s stock after buying an additional 40 shares during the period. Trust Co of the South’s holdings in Costco Wholesale were worth $635,000 as of its most recent SEC filing.

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

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $967.90 on Friday. The company’s 50 day simple moving average is $960.40 and its 200 day simple moving average is $975.04. The stock has a market capitalization of $429.24 billion, a price-to-earnings ratio of 54.90, a price-to-earnings-growth ratio of 5.43 and a beta of 0.97. 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 1 year low of $867.16 and a 1 year high of $1,078.23.

Costco Wholesale Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Evercore ISI reduced their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating on the stock in a report on Tuesday, June 17th. Truist Financial upped their target price 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. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $1,100.00 target price on shares of Costco Wholesale in a research note on Wednesday, August 27th. Erste Group Bank lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Tuesday, August 5th. Finally, JPMorgan Chase & Co. raised their target price on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Seventeen analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $1,056.67.

Insider Activity at Costco Wholesale

In related 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 value of $3,899,840.00. Following the completion of the transaction, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. This trade represents a 40.92% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president owned 2,362 shares in the company, valued at $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 5,147 shares of company stock worth $5,031,130 over the last quarter. Company 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.