Burns J W & Co. Inc. NY Has $14.08 Million Stock Holdings in Costco Wholesale Corporation $COST

Burns J W & Co. Inc. NY grew its holdings in Costco Wholesale Corporation (NASDAQ:COST) by 0.1% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,219 shares of the retailer’s stock after purchasing an additional 17 shares during the period. Costco Wholesale makes up about 1.7% of Burns J W & Co. Inc. NY’s portfolio, making the stock its 15th biggest position. Burns J W & Co. Inc. NY’s holdings in Costco Wholesale were worth $14,076,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bulwark Capital Corp bought a new position in shares of Costco Wholesale in the 2nd quarter valued at $25,000. Investment Management Corp VA ADV bought a new position in shares of Costco Wholesale in the 4th quarter valued at $25,000. Anderson Financial Strategies LLC increased its stake in shares of Costco Wholesale by 900.0% in the 1st 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. bought a new position in shares of Costco Wholesale in the 1st quarter valued at $48,000. Finally, 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. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research report on Thursday, May 29th. Morgan Stanley boosted their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Truist Financial boosted their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research report on Friday, May 30th. Finally, Erste Group Bank lowered Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Seventeen investment analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $1,056.67.

Costco Wholesale Stock Down 1.1%

Shares of COST opened at $952.36 on Friday. The company has a market capitalization of $422.35 billion, a PE ratio of 54.02, 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 stock’s 50-day moving average price is $958.35 and its two-hundred day moving average price is $972.82. 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 business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a dividend of $1.30 per share. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 annualized dividend and a yield of 0.5%. Costco Wholesale’s payout ratio is presently 29.50%.

Insider Activity

In other 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 transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. The trade was a 20.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Yoram Rubanenko sold 4,000 shares of the business’s stock in a transaction dated 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 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. 0.18% of the stock is currently owned by insiders.

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.