Costco Wholesale Corporation $COST Stake Reduced by Norman Fields Gottscho Capital Management LLC

by · The Cerbat Gem

Norman Fields Gottscho Capital Management LLC lowered its position in Costco Wholesale Corporation (NASDAQ:COST – Free Report) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,196 shares of the retailer’s stock after selling 269 shares during the period. Costco Wholesale makes up approximately 19.1% of Norman Fields Gottscho Capital Management LLC’s investment portfolio, making the stock its largest holding. Norman Fields Gottscho Capital Management LLC’s holdings in Costco Wholesale were worth $57,611,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. Emprise Bank boosted its position in Costco Wholesale by 2.2% in the second quarter. Emprise Bank now owns 2,577 shares of the retailer’s stock valued at $2,551,000 after buying an additional 56 shares during the last quarter. Christopher J. Hasenberg Inc boosted its position in Costco Wholesale by 38.4% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 101 shares of the retailer’s stock worth $100,000 after purchasing an additional 28 shares in the last quarter. Clarus Wealth Advisors boosted its position in Costco Wholesale by 20.7% in the 2nd quarter. Clarus Wealth Advisors now owns 1,276 shares of the retailer’s stock worth $1,258,000 after purchasing an additional 219 shares in the last quarter. Lifestyle Asset Management Inc. purchased a new stake in Costco Wholesale in the 2nd quarter worth approximately $211,000. Finally, Bulwark Capital Corp purchased a new stake in Costco Wholesale in the 2nd quarter worth approximately $25,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on COST shares. Evercore ISI lowered their price objective on Costco Wholesale from $1,075.00 to $1,060.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 17th. Stifel Nicolaus set a $1,035.00 price objective on Costco Wholesale in a research report on Thursday, May 29th. Morgan Stanley upped their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a research report on Friday, May 30th. Loop Capital lowered their price objective on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a research report on Thursday, May 29th. Finally, Truist Financial upped their target price on Costco Wholesale from $995.00 to $1,042.00 and gave the stock a “hold” rating in a research note on Friday, May 30th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $1,056.67.

Read Our Latest Research Report on COST

Costco Wholesale Stock Down 0.8%

Shares of COST opened at $960.10 on Tuesday. Costco Wholesale Corporation has a 52-week low of $867.16 and a 52-week high of $1,078.23. The company has a market capitalization of $425.79 billion, a PE ratio of 54.46, a price-to-earnings-growth ratio of 5.45 and a beta of 0.97. The stock has a fifty day simple moving average of $959.76 and a two-hundred day simple moving average of $973.69. The company has a quick ratio of 0.52, a current ratio of 1.02 and a debt-to-equity ratio of 0.21.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were paid a $1.30 dividend. The ex-dividend date of this dividend was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. Costco Wholesale’s dividend payout ratio (DPR) is 29.50%.

Insiders Place Their Bets

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of the firm’s stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the sale, the director directly owned 11,531 shares of the company’s stock, valued at $11,300,380. This trade represents a 4.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Teresa A. Jones sold 600 shares of the stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total value of $595,230.00. Following the transaction, the executive vice president owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This represents a 20.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 5,147 shares of company stock valued at $5,031,130 in the last three months. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Profile

(Free Report)

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.

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