Psagot Value Holdings Ltd. Israel Boosts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Psagot Value Holdings Ltd. Israel grew its position in Costco Wholesale Co. (NASDAQ:COST) by 29.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,793 shares of the retailer’s stock after acquiring an additional 1,763 shares during the quarter. Costco Wholesale comprises 1.6% of Psagot Value Holdings Ltd. Israel’s holdings, making the stock its 14th largest position. Psagot Value Holdings Ltd. Israel’s holdings in Costco Wholesale were worth $3,814,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $26,000. Agur Provident & Training Funds Management Ltd. acquired a new position in Costco Wholesale during the first quarter worth $42,000. 25 LLC purchased a new stake in Costco Wholesale in the 1st quarter valued at $44,000. Piscataqua Savings Bank increased its stake in shares of Costco Wholesale by 30.1% in the 1st quarter. Piscataqua Savings Bank now owns 95 shares of the retailer’s stock worth $47,000 after acquiring an additional 22 shares during the last quarter. Finally, Guardian Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the 1st quarter worth $47,000. 66.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of Costco Wholesale from $475.00 to $510.00 in a research report on Thursday, August 3rd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $575.00 price target on shares of Costco Wholesale in a research report on Monday, August 28th. VNET Group reissued a “reiterates” rating on shares of Costco Wholesale in a research note on Thursday, June 29th. Loop Capital increased their price target on Costco Wholesale from $545.00 to $570.00 in a report on Friday, June 2nd. Finally, Robert W. Baird boosted their price objective on shares of Costco Wholesale from $535.00 to $550.00 in a report on Friday, July 7th. Five research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $566.63.

Costco Wholesale Trading Up 0.2 %

NASDAQ COST opened at $559.76 on Thursday. Costco Wholesale Co. has a one year low of $447.90 and a one year high of $571.16. The firm has a market cap of $248.03 billion, a PE ratio of 41.46, a P/E/G ratio of 4.05 and a beta of 0.79. The firm’s fifty day moving average is $549.66 and its two-hundred day moving average is $518.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.57 and a current ratio of 1.08.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 24th. Costco Wholesale’s dividend payout ratio is presently 30.22%.

Insider Buying and Selling at Costco Wholesale

In other news, Director Susan L. Decker sold 1,565 shares of the company’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total transaction of $834,145.00. Following the completion of the sale, the director now owns 13,329 shares in the company, valued at $7,104,357. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.22% of the company’s stock.

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, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.