US Bancorp DE Sells 8,091 Shares of Costco Wholesale Co. (NASDAQ:COST)

US Bancorp DE cut its holdings in Costco Wholesale Co. (NASDAQ:COST) by 1.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 556,973 shares of the retailer’s stock after selling 8,091 shares during the period. US Bancorp DE owned approximately 0.13% of Costco Wholesale worth $473,434,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Main Street Financial Solutions LLC lifted its holdings in shares of Costco Wholesale by 4.7% in the fourth quarter. Main Street Financial Solutions LLC now owns 1,763 shares of the retailer’s stock worth $1,164,000 after acquiring an additional 79 shares during the last quarter. Zhang Financial LLC increased its position in Costco Wholesale by 3.8% in the 1st quarter. Zhang Financial LLC now owns 1,010 shares of the retailer’s stock valued at $740,000 after acquiring an additional 37 shares during the period. Strong Tower Advisory Services raised its stake in shares of Costco Wholesale by 7.9% during the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after acquiring an additional 137 shares during the last quarter. Aigen Investment Management LP bought a new stake in shares of Costco Wholesale in the fourth quarter worth $3,871,000. Finally, Strait & Sound Wealth Management LLC increased its holdings in Costco Wholesale by 21.0% in the fourth quarter. Strait & Sound Wealth Management LLC now owns 5,930 shares of the retailer’s stock valued at $4,057,000 after purchasing an additional 1,028 shares during the period. 68.48% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Susan L. Decker sold 620 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the transaction, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock valued at $4,252,856 over the last ninety days. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Performance

Shares of COST stock traded up $16.32 during trading on Monday, hitting $893.00. The company’s stock had a trading volume of 158,825 shares, compared to its average volume of 1,949,047. The business has a fifty day moving average of $857.45 and a 200-day moving average of $800.74. The company has a market cap of $395.89 billion, a PE ratio of 54.32, a P/E/G ratio of 5.33 and a beta of 0.80. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $918.93. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 annualized dividend and a yield of 0.52%. Costco Wholesale’s payout ratio is currently 28.75%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on COST shares. Wells Fargo & Company upped their price target on Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Stifel Nicolaus lifted their target price on shares of Costco Wholesale from $910.00 to $915.00 and gave the stock a “buy” rating in a research note on Friday. StockNews.com upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday. Robert W. Baird upped their target price on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Finally, Citigroup lifted their target price on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $842.77.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.