Costco Wholesale Co. (NASDAQ:COST) Shares Sold by First County Bank CT

First County Bank CT lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 27.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,354 shares of the retailer’s stock after selling 1,241 shares during the quarter. Costco Wholesale accounts for about 1.7% of First County Bank CT’s investment portfolio, making the stock its 13th largest holding. First County Bank CT’s holdings in Costco Wholesale were worth $3,073,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of COST. International Assets Investment Management LLC raised its stake in shares of Costco Wholesale by 113,947.9% during the third quarter. International Assets Investment Management LLC now owns 7,370,916 shares of the retailer’s stock valued at $6,534,464,000 after purchasing an additional 7,364,453 shares during the period. Wulff Hansen & CO. increased its stake in Costco Wholesale by 99,208.6% during the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock worth $1,253,508,000 after buying an additional 1,473,248 shares during the period. Strategic Financial Concepts LLC lifted its holdings in Costco Wholesale by 51,747.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock worth $5,266,000 after buying an additional 618,383 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Costco Wholesale by 28.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock valued at $1,307,363,000 after buying an additional 338,780 shares during the last quarter. Finally, Pathway Financial Advisers LLC grew its stake in shares of Costco Wholesale by 75,894.4% during the third quarter. Pathway Financial Advisers LLC now owns 338,935 shares of the retailer’s stock valued at $300,473,000 after acquiring an additional 338,489 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, EVP Russell D. Miller sold 4,400 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $891.15, for a total value of $3,921,060.00. Following the completion of the sale, the executive vice president now owns 10,202 shares in the company, valued at approximately $9,091,512.30. This trade represents a 30.13 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard A. Galanti sold 1,416 shares of the firm’s stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the completion of the transaction, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This trade represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,816 shares of company stock valued at $6,981,347. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Tigress Financial reissued a “buy” rating and set a $1,065.00 price objective on shares of Costco Wholesale in a report on Thursday, October 17th. Truist Financial lifted their price target on Costco Wholesale from $909.00 to $935.00 and gave the stock a “hold” rating in a research note on Friday, December 13th. Morgan Stanley upped their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the company an “overweight” rating in a research note on Friday, December 13th. Citigroup lifted their target price on Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research report on Wednesday, December 18th. Finally, Roth Mkm upped their price target on Costco Wholesale from $755.00 to $907.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. Nine research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,013.59.

Costco Wholesale Stock Down 0.0 %

NASDAQ:COST traded down $0.46 during trading hours on Tuesday, hitting $922.25. 1,021,754 shares of the stock traded hands, compared to its average volume of 1,586,203. The firm has a market cap of $409.39 billion, a price-to-earnings ratio of 54.15, a PEG ratio of 6.02 and a beta of 0.84. The firm has a 50 day moving average price of $944.01 and a 200 day moving average price of $897.06. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a fifty-two week low of $654.03 and a fifty-two week high of $1,008.25.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.50%. The ex-dividend date was Friday, November 1st. Costco Wholesale’s dividend payout ratio is currently 27.25%.

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.