Regatta Capital Group LLC Purchases 54 Shares of Costco Wholesale Corporation $COST

Regatta Capital Group LLC increased its position in Costco Wholesale Corporation (NASDAQ:COST) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,772 shares of the retailer’s stock after purchasing an additional 54 shares during the period. Costco Wholesale makes up 1.0% of Regatta Capital Group LLC’s investment portfolio, making the stock its 22nd largest holding. Regatta Capital Group LLC’s holdings in Costco Wholesale were worth $5,714,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of COST. Brighton Jones LLC lifted its holdings in shares of Costco Wholesale by 12.3% in the 4th quarter. Brighton Jones LLC now owns 19,825 shares of the retailer’s stock worth $18,165,000 after purchasing an additional 2,172 shares in the last quarter. Revolve Wealth Partners LLC lifted its holdings in shares of Costco Wholesale by 13.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 1,123 shares of the retailer’s stock worth $1,029,000 after purchasing an additional 130 shares in the last quarter. Copia Wealth Management bought a new position in shares of Costco Wholesale in the 4th quarter worth $378,000. Old North State Trust LLC lifted its holdings in shares of Costco Wholesale by 9.7% in the 4th quarter. Old North State Trust LLC now owns 2,522 shares of the retailer’s stock worth $2,311,000 after purchasing an additional 223 shares in the last quarter. Finally, Anchor Pointe Wealth Management LLC bought a new position in shares of Costco Wholesale in the 4th quarter worth $220,000. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In other news, EVP Teresa A. Jones sold 600 shares of the firm’s stock in a transaction 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 directly owned 2,362 shares of the company’s stock, valued at $2,343,222.10. This trade represents a 20.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the firm’s 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 sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at approximately $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. Company insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the topic of a number of recent research reports. Truist Financial increased their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a report on Friday, May 30th. Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a research report on Thursday, May 29th. Loop Capital lowered their price target on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a research report on Thursday, May 29th. Telsey Advisory Group reissued an “outperform” rating and issued a $1,100.00 price target on shares of Costco Wholesale in a research report on Wednesday. Finally, Evercore ISI lowered their price target on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating for the company in a research report on Tuesday, June 17th. Seventeen research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $1,061.30.

Costco Wholesale Trading Up 0.2%

Shares of Costco Wholesale stock opened at $945.27 on Thursday. Costco Wholesale Corporation has a 1 year low of $867.16 and a 1 year high of $1,078.23. The firm has a market cap of $419.21 billion, a PE ratio of 53.62, a P/E/G ratio of 5.30 and a beta of 0.97. The stock has a fifty day moving average price of $956.61 and a 200-day moving average price of $970.80. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given 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 dividend yield of 0.6%. Costco Wholesale’s dividend payout ratio (DPR) is currently 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.