Greenfield Savings Bank increased its position in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 0.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,445 shares of the retailer’s stock after acquiring an additional 22 shares during the period. Costco Wholesale comprises approximately 2.0% of Greenfield Savings Bank’s portfolio, making the stock its 8th biggest holding. Greenfield Savings Bank’s holdings in Costco Wholesale were worth $2,931,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in the company. Omega Financial Group LLC grew its holdings in Costco Wholesale by 4.0% in the 4th quarter. Omega Financial Group LLC now owns 525 shares of the retailer’s stock valued at $231,000 after buying an additional 20 shares in the last quarter. 626 Financial LLC increased its position in Costco Wholesale by 3.0% during the first quarter. 626 Financial LLC now owns 732 shares of the retailer’s stock worth $364,000 after acquiring an additional 21 shares during the period. Integral Investment Advisors Inc. raised its stake in Costco Wholesale by 1.5% in the 1st quarter. Integral Investment Advisors Inc. now owns 1,440 shares of the retailer’s stock worth $715,000 after purchasing an additional 21 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in Costco Wholesale by 0.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,994 shares of the retailer’s stock valued at $1,488,000 after purchasing an additional 21 shares during the period. Finally, TrinityPoint Wealth LLC boosted its holdings in Costco Wholesale by 1.0% in the 1st quarter. TrinityPoint Wealth LLC now owns 2,116 shares of the retailer’s stock valued at $1,051,000 after purchasing an additional 21 shares during the period. Institutional investors own 66.31% of the company’s stock.
Insider Transactions at Costco Wholesale
In related 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 value of $834,145.00. Following the sale, the director now directly owns 13,329 shares in the company, valued at $7,104,357. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is owned by company insiders.
Costco Wholesale Price Performance
Costco Wholesale Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a dividend of $1.02 per share. The ex-dividend date was Thursday, August 24th. This represents a $4.08 annualized dividend and a yield of 0.72%. Costco Wholesale’s dividend payout ratio is presently 30.22%.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on COST shares. Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $610.00 to $640.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Wells Fargo & Company upped their target price on Costco Wholesale from $475.00 to $510.00 in a research report on Thursday, August 3rd. Loop Capital raised their price target on Costco Wholesale from $545.00 to $570.00 in a research report on Friday, June 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $575.00 price target on shares of Costco Wholesale in a research note on Monday, August 28th. Finally, UBS Group increased their price objective on shares of Costco Wholesale from $560.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $566.63.
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.
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