Bard Financial Services Inc. Has $6.47 Million Stock Holdings in Costco Wholesale Corporation $COST

Bard Financial Services Inc. lessened its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 1.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 6,540 shares of the retailer’s stock after selling 65 shares during the quarter. Bard Financial Services Inc.’s holdings in Costco Wholesale were worth $6,474,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new position in Costco Wholesale during the fourth quarter valued at approximately $25,000. Anderson Financial Strategies LLC grew its holdings in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after purchasing an additional 36 shares during the last quarter. eCIO Inc. acquired a new position in Costco Wholesale during the first quarter valued at approximately $48,000. Aspect Partners LLC grew its holdings in Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after purchasing an additional 11 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in Costco Wholesale during the fourth quarter valued at approximately $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on COST shares. Telsey Advisory Group restated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a research note on Wednesday, August 27th. Truist Financial raised their price objective 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. Wall Street Zen upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Loop Capital lowered their price objective on shares of Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a research note on Thursday, May 29th. Finally, Stifel Nicolaus set a $1,035.00 price objective on shares of Costco Wholesale in a research note on Thursday, May 29th. Seventeen investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $1,056.67.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of Costco Wholesale stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total transaction of $536,060.00. Following the completion of the transaction, the director directly owned 11,531 shares of the company’s stock, valued at approximately $11,300,380. This trade represents a 4.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of Costco Wholesale stock in a transaction 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 of the company’s stock, valued at approximately $5,629,419.04. The trade was a 40.92% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 5,147 shares of company stock valued at $5,031,130. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Stock Up 0.4%

Shares of COST stock opened at $967.90 on Monday. The stock has a market cap of $429.24 billion, a P/E ratio of 54.90, a price-to-earnings-growth ratio of 5.45 and a beta of 0.97. Costco Wholesale Corporation has a one year low of $867.16 and a one year high of $1,078.23. The stock has a fifty day moving average price of $960.40 and a 200 day moving average price of $974.31. 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 Announces Dividend

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