Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Hyperion Partners LLC

Hyperion Partners LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 811 shares of the retailer’s stock after selling 24 shares during the period. Hyperion Partners LLC’s holdings in Costco Wholesale were worth $437,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Aspire Private Capital LLC acquired a new stake in Costco Wholesale in the first quarter valued at $20,406,948,000. Mach 1 Financial Group LLC acquired a new stake in Costco Wholesale in the first quarter valued at $22,359,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Costco Wholesale in the fourth quarter valued at $26,000. 25 LLC acquired a new position in Costco Wholesale during the first quarter worth about $44,000. Finally, Guardian Wealth Advisors LLC acquired a new position in Costco Wholesale during the first quarter worth about $47,000. Institutional investors and hedge funds own 66.31% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, Director Susan L. Decker sold 1,565 shares of the stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $533.00, for a total transaction of $834,145.00. Following the transaction, the director now owns 13,329 shares of the company’s stock, valued at $7,104,357. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.22% of the stock is currently owned by insiders.

Costco Wholesale Stock Down 1.5 %

COST opened at $556.36 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.08 and a quick ratio of 0.57. The stock 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 of $551.21 and a two-hundred day moving average of $519.60. Costco Wholesale Co. has a 12 month low of $447.90 and a 12 month high of $571.16.

Costco Wholesale Announces Dividend

The business also recently declared 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 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 dividend payout ratio is currently 30.22%.

Analyst Ratings Changes

Several research analysts have weighed in on COST shares. Loop Capital upped their target price on shares of Costco Wholesale from $545.00 to $570.00 in a research report on Friday, June 2nd. Telsey Advisory Group reaffirmed an “outperform” rating and set a $575.00 price objective on shares of Costco Wholesale in a report on Monday, August 28th. Evercore ISI increased their price objective on shares of Costco Wholesale from $595.00 to $600.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. StockNews.com assumed coverage on shares of Costco Wholesale in a research note on Wednesday, August 23rd. They issued a “hold” rating on the stock. Finally, Truist Financial increased their price objective on shares of Costco Wholesale from $567.00 to $597.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target 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.