SYSTM Wealth Solutions LLC Cuts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

SYSTM Wealth Solutions LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,853 shares of the retailer’s stock after selling 19 shares during the period. SYSTM Wealth Solutions LLC’s holdings in Costco Wholesale were worth $1,575,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Frank Rimerman Advisors LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the 1st quarter worth approximately $32,000. Financial Connections Group Inc. raised its stake in shares of Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares in the last quarter. Vima LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $34,000. Finally, DSM Capital Partners LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $36,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $897.27 on Wednesday. The company’s fifty day moving average price is $862.32 and its 200 day moving average price is $808.65. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83. The company has a market capitalization of $397.79 billion, a PE ratio of 55.59, a price-to-earnings-growth ratio of 5.56 and a beta of 0.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94.

Costco Wholesale Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts recently commented on COST shares. Robert W. Baird boosted their price objective on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Stifel Nicolaus boosted their target price on shares of Costco Wholesale from $910.00 to $915.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $860.00 to $890.00 in a research report on Tuesday, September 10th. Eight equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $844.52.

Insiders Place Their Bets

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total transaction of $431,940.00. Following the transaction, the executive vice president now owns 23,800 shares of the company’s stock, valued at $20,560,344. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,974 shares of company stock worth $4,252,856. Company insiders own 0.18% of the company’s stock.

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.