Costco Wholesale Co. (NASDAQ:COST) Shares Sold by OneAscent Financial Services LLC

OneAscent Financial Services LLC lowered its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 725 shares of the retailer’s stock after selling 30 shares during the period. OneAscent Financial Services LLC’s holdings in Costco Wholesale were worth $390,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the business. Aspire Private Capital LLC acquired a new position in Costco Wholesale in the first quarter valued at $20,406,948,000. Mach 1 Financial Group LLC purchased a new stake in Costco Wholesale in the first quarter valued at approximately $22,359,000. Sanctuary Wealth Management L.L.C. acquired a new position in Costco Wholesale during the fourth quarter worth approximately $26,000. 25 LLC purchased a new stake in Costco Wholesale during the first quarter valued at about $44,000. Finally, Guardian Wealth Advisors LLC purchased a new position in shares of Costco Wholesale in the 1st quarter worth about $47,000. 66.31% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

COST opened at $556.36 on Friday. Costco Wholesale Co. has a 1-year low of $447.90 and a 1-year high of $571.16. The company has a market capitalization of $246.52 billion, a price-to-earnings ratio of 41.21, a price-to-earnings-growth ratio of 4.17 and a beta of 0.79. The business has a 50 day moving average price of $550.58 and a two-hundred day moving average price of $518.87. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.08 and a quick ratio of 0.57.

Costco Wholesale Dividend Announcement

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

Analyst Ratings Changes

COST has been the subject of a number of research analyst reports. UBS Group increased their target price on shares of Costco Wholesale from $560.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. StockNews.com began coverage on shares of Costco Wholesale in a research note on Wednesday, August 23rd. They issued a “hold” rating on the stock. Loop Capital upped their price target on shares of Costco Wholesale from $545.00 to $570.00 in a research report on Friday, June 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $575.00 price objective on shares of Costco Wholesale in a research report on Thursday, August 31st. Finally, Wells Fargo & Company increased their target price on Costco Wholesale from $475.00 to $510.00 in a research note on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $566.63.

Insiders Place Their Bets

In other news, Director Susan L. Decker sold 1,565 shares of the firm’s stock in a transaction 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 directly owns 13,329 shares of the company’s stock, valued at approximately $7,104,357. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.22% of the stock is owned by company 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, 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.