Defence

Nvest Financial LLC has shares of Costco Wholesale Co. for $320,000 (NASDAQ:COST)


Nvest Financial LLC reduced its stake in shares of Costco Wholesale Co. (NASDAQ: PRICEGet a rating) by 8.9% in the second quarter, the company said in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 668 shares of the retailer’s stock after selling 65 shares during the quarter. Nvest Financial LLC’s holdings in Costco Wholesale were worth $320,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Contravisory Investment Management Inc. acquired a new stake in Costco Wholesale during the 1st quarter worth about $26,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at $30,000. Lansing Street Advisors acquired a new stake in shares of Costco Wholesale during the first quarter valued at $41,000. Mystic Asset Management Inc. acquired a new stake in shares of Costco Wholesale in the fourth quarter worth about $40,000. Finally, Cordant Inc. acquired a new position in shares of Costco Wholesale in the first quarter worth about $47,000. 66.83% of shares are owned by institutional investors.

Upgrading and downgrading of the analyst rating

A number of analysts have issued reports on COST shares. Loop Capital cut their price objective on shares of Costco Wholesale from $610.00 to $585.00 in a report on Thursday, September 1st. Truist Financial upped their target price on Costco Wholesale from $543.00 to $571.00 in a research note on Thursday, August 4th. Credit Suisse Group cut their price objective on Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating on the stock in a research note on Friday, May 27th. Oppenheimer boosted their price target on Costco Wholesale from $535.00 to $600.00 in a research report on Thursday, August 4th. Finally, Telsey Advisory Group cut their price target on Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. Four equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $575.36, according to MarketBeat.com.

Costco Wholesale Trading was down 1.2%

Actions NASDAQ price opened at $487.17 on Friday. The stock has a market cap of $215.80 billion, a P/E ratio of 38.36, a price-to-earnings ratio of 3.72 and a beta of 0.70. The firm has a 50-day moving average of $529.73 and a 200-day moving average of $519.85. The company has a debt-to-equity ratio of 0.32, a gearing ratio of 0.48, and a current ratio of 1.04. Costco Wholesale Co . has a 52-week low of $406.51 and a 52-week high of $612.27.

Costco Wholesale Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were paid a $0.09 dividend. The ex-dividend date of this dividend was Thursday, July 28th. That’s a $0.36 annualized dividend and a yield of 0.07%. Costco Wholesale’s payout ratio is 28.35%.

Insider buying and selling

In other Costco Wholesale news, CFO Richard A. Galanti sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $505.60 for a total value of $505,600.00. Following the sale, the chief financial officer now owns 25,750 shares in the company, valued at approximately $13,019,200. The deal was disclosed in a filing with the Securities and Exchange Commission, which is available at this link. In other Costco Wholesale news, CFO Richard A. Galanti sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, July 14th. The shares were sold at an average price of $505.60, for a total transaction amounting to $505,600.00. Following the completion of the transaction, the chief financial officer now owns 25,750 shares in the company, valued at approximately $13,019,200. The transaction was disclosed in a document filed with the SEC, which can be accessed via SEC website. Also the director Kenneth D. Denman sold 300 shares of the company’s stock on Friday, July 15th. The shares were sold at an average price of $521.68, for a total transaction amounting to $156,504.00. Following the completion of the sale, the director now directly owns 5,197 shares in the company, valued at $2,711,170.96. Disclosures for this sale can be found here here. Insiders have sold a total of 2,800 shares of company stock worth $1,449,904 over the last three months. Insiders own 0.22% of the company’s stock.

Costco Wholesale Profile

(Get a rating)

Costco Wholesale Corporation, together with its subsidiaries, operates member warehouses in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China and Taiwan. It offers branded and private label products across various product categories.

See also

Want to know what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ: PRICEGet a rating).

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)



Get Costco Wholesale Daily news and ratings – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Costco Wholesale and related companies MarketBeat.com’s FREE Daily E-Newsletter.

https://www.defenseworld.net/2022/09/23/nvest-financial-llc-has-320000-stock-holdings-in-costco-wholesale-co-nasdaqcost.html Nvest Financial LLC has shares of Costco Wholesale Co. for $320,000 (NASDAQ:COST)

Back to top button