Chemistry Wealth Management LLC Has $2.79 Million Holdings in Costco Wholesale Corporation $COST

Chemistry Wealth Management LLC cut its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 4.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,820 shares of the retailer’s stock after selling 119 shares during the period. Costco Wholesale accounts for 0.6% of Chemistry Wealth Management LLC’s holdings, making the stock its 29th largest position. Chemistry Wealth Management LLC’s holdings in Costco Wholesale were worth $2,792,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of COST. Investment Management Corp VA ADV acquired a new stake in Costco Wholesale during the fourth quarter worth approximately $25,000. Anderson Financial Strategies LLC raised its position in Costco Wholesale by 900.0% during the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock valued at $38,000 after purchasing an additional 36 shares in the last quarter. eCIO Inc. acquired a new position in Costco Wholesale during the first quarter valued at approximately $48,000. Aspect Partners LLC raised its position in Costco Wholesale by 24.4% during the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock valued at $53,000 after purchasing an additional 11 shares in the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in Costco Wholesale during the fourth quarter valued at approximately $58,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, EVP Yoram Rubanenko sold 4,000 shares of the company’s stock in a transaction on Monday, July 14th. The shares were sold at an average price of $974.96, for a total transaction of $3,899,840.00. Following the sale, the executive vice president owned 5,774 shares of the company’s stock, valued at approximately $5,629,419.04. This represents a 40.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan L. Decker sold 547 shares of the company’s stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $980.00, for a total transaction of $536,060.00. Following the sale, the director directly owned 11,531 shares in the company, valued at $11,300,380. This trade represents a 4.53% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,147 shares of company stock valued at $5,031,130. 0.18% of the stock is currently owned by insiders.

Costco Wholesale Stock Performance

Shares of Costco Wholesale stock opened at $967.90 on Monday. 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 Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. The stock has a market cap of $429.24 billion, a price-to-earnings ratio of 54.90, a P/E/G ratio of 5.45 and a beta of 0.97. The company’s fifty day moving average is $960.40 and its 200 day moving average is $974.31.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Investors 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 annualized dividend and a dividend yield of 0.5%. Costco Wholesale’s payout ratio is currently 29.50%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Erste Group Bank downgraded shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. JPMorgan Chase & Co. upped their price target on shares of Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an “overweight” rating in a report on Thursday, August 7th. Wall Street Zen upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, June 6th. Telsey Advisory Group reiterated an “outperform” rating and set a $1,100.00 price target on shares of Costco Wholesale in a report on Wednesday, August 27th. Finally, Morgan Stanley upped their price target on shares of Costco Wholesale from $1,150.00 to $1,225.00 and gave the stock an “overweight” rating in a report on Friday, May 30th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1,056.67.

About Costco Wholesale

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.