ERn Financial LLC Boosts Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

ERn Financial LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 82.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,026 shares of the retailer’s stock after purchasing an additional 465 shares during the period. ERn Financial LLC’s holdings in Costco Wholesale were worth $591,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in COST. Contravisory Investment Management Inc. acquired a new stake in shares of Costco Wholesale in the first quarter worth $26,000. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in Costco Wholesale during the 4th quarter valued at $30,000. Mystic Asset Management Inc. acquired a new stake in Costco Wholesale during the 4th quarter valued at $40,000. Lansing Street Advisors acquired a new stake in Costco Wholesale during the 1st quarter valued at $41,000. Finally, Cordant Inc. acquired a new stake in Costco Wholesale during the 1st quarter valued at $47,000. Institutional investors and hedge funds own 66.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on COST. Telsey Advisory Group lowered their price target on shares of Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating for the company in a report on Friday, May 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $580.00 price target on shares of Costco Wholesale in a report on Monday, May 30th. Oppenheimer raised their price target on shares of Costco Wholesale from $535.00 to $600.00 in a report on Thursday, August 4th. Loop Capital decreased their price objective on shares of Costco Wholesale from $610.00 to $585.00 in a report on Thursday, September 1st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $580.00 price objective on shares of Costco Wholesale in a report on Friday, July 29th. Four investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $575.28.

Costco Wholesale Trading Down 0.1 %

Shares of NASDAQ:COST opened at $529.12 on Friday. The company has a market cap of $234.38 billion, a PE ratio of 41.66, a P/E/G ratio of 3.99 and a beta of 0.70. The company’s 50-day moving average price is $526.81 and its 200 day moving average price is $520.47. Costco Wholesale Co. has a fifty-two week low of $406.51 and a fifty-two week high of $612.27. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32.

Costco Wholesale Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, July 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.07%. Costco Wholesale’s dividend payout ratio (DPR) is 28.35%.

Insiders Place Their Bets

In other Costco Wholesale news, CFO Richard A. Galanti sold 1,000 shares of the business’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $505.60, for a total transaction of $505,600.00. Following the sale, the chief financial officer now directly owns 25,750 shares in the company, valued at approximately $13,019,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, CFO Richard A. Galanti sold 1,000 shares of the business’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $505.60, for a total transaction of $505,600.00. Following the sale, the chief financial officer now directly owns 25,750 shares in the company, valued at approximately $13,019,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP James P. Murphy sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total transaction of $787,800.00. Following the completion of the transaction, the vice president now directly owns 36,230 shares in the company, valued at approximately $19,027,996. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,300 shares of company stock worth $2,609,904. 0.22% of the stock is owned by corporate insiders.

Costco Wholesale Profile

(Get Rating)

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

Read More

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

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.