Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Symphony Financial Ltd. Co.

Symphony Financial Ltd. Co. trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 7.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,678 shares of the retailer’s stock after selling 436 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Costco Wholesale were worth $3,018,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Keel Point LLC lifted its stake in Costco Wholesale by 3.3% during the second quarter. Keel Point LLC now owns 1,295 shares of the retailer’s stock valued at $697,000 after buying an additional 41 shares in the last quarter. Sage Capital Advisors llc lifted its position in shares of Costco Wholesale by 9.8% in the 2nd quarter. Sage Capital Advisors llc now owns 8,275 shares of the retailer’s stock valued at $4,455,000 after acquiring an additional 738 shares in the last quarter. Lantz Financial LLC boosted its stake in Costco Wholesale by 3.3% in the 2nd quarter. Lantz Financial LLC now owns 648 shares of the retailer’s stock worth $349,000 after purchasing an additional 21 shares during the period. Sciencast Management LP purchased a new position in Costco Wholesale during the 2nd quarter worth approximately $297,000. Finally, Windsor Group LTD raised its stake in Costco Wholesale by 3.2% during the 2nd quarter. Windsor Group LTD now owns 1,256 shares of the retailer’s stock valued at $676,000 after purchasing an additional 39 shares during the period. Institutional investors own 66.31% of the company’s stock.

Insider Activity

In other Costco Wholesale news, Director Susan L. Decker sold 1,565 shares of the firm’s stock in a transaction dated Wednesday, June 28th. The shares were sold at an average price of $533.00, for a total transaction of $834,145.00. Following the completion of the transaction, the director now owns 13,329 shares in the company, valued at $7,104,357. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on COST. Stifel Nicolaus reiterated a “buy” rating and issued a $575.00 target price on shares of Costco Wholesale in a report on Thursday, August 31st. Jefferies Financial Group increased their price objective on Costco Wholesale from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Telsey Advisory Group restated an “outperform” rating and issued a $575.00 target price on shares of Costco Wholesale in a research note on Monday. Truist Financial lifted their price target on Costco Wholesale from $567.00 to $597.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Finally, Robert W. Baird lifted their target price on shares of Costco Wholesale from $535.00 to $550.00 in a research note on Friday, July 7th. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $566.63.

Costco Wholesale Stock Performance

Shares of COST stock traded down $0.43 during mid-day trading on Tuesday, reaching $562.29. The stock had a trading volume of 338,434 shares, compared to its average volume of 1,784,541. The firm has a market cap of $249.15 billion, a PE ratio of 41.68, a P/E/G ratio of 4.11 and a beta of 0.79. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a one year low of $447.90 and a one year high of $571.16. The firm’s 50 day simple moving average is $551.21 and its 200 day simple moving average is $519.89.

Costco Wholesale Announces Dividend

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

Costco Wholesale 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.