Brookstone Capital Management Buys 238 Shares of Costco Wholesale Co. (NASDAQ:COST)

Brookstone Capital Management increased its stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,553 shares of the retailer’s stock after acquiring an additional 238 shares during the quarter. Brookstone Capital Management’s holdings in Costco Wholesale were worth $5,794,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COST. Ford Financial Group LLC increased its holdings in Costco Wholesale by 2.4% in the 1st quarter. Ford Financial Group LLC now owns 821 shares of the retailer’s stock worth $472,000 after acquiring an additional 19 shares in the last quarter. Fermata Advisors LLC increased its holdings in Costco Wholesale by 5.1% in the 1st quarter. Fermata Advisors LLC now owns 394 shares of the retailer’s stock worth $227,000 after acquiring an additional 19 shares in the last quarter. Strategic Investment Advisors MI increased its holdings in Costco Wholesale by 1.9% in the 1st quarter. Strategic Investment Advisors MI now owns 1,026 shares of the retailer’s stock worth $591,000 after acquiring an additional 19 shares in the last quarter. Gill Capital Partners LLC grew its holdings in shares of Costco Wholesale by 2.2% during the fourth quarter. Gill Capital Partners LLC now owns 909 shares of the retailer’s stock worth $516,000 after buying an additional 20 shares in the last quarter. Finally, Retirement Solution Inc. grew its holdings in shares of Costco Wholesale by 1.1% during the fourth quarter. Retirement Solution Inc. now owns 1,919 shares of the retailer’s stock worth $1,089,000 after buying an additional 20 shares in the last quarter. Institutional investors own 66.83% of the company’s stock.

Costco Wholesale Trading Up 0.1 %

NASDAQ COST opened at $504.14 on Monday. The firm’s 50-day moving average is $529.88 and its two-hundred day moving average is $520.69. Costco Wholesale Co. has a 12 month low of $406.51 and a 12 month high of $612.27. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 0.48. The stock has a market capitalization of $223.32 billion, a P/E ratio of 39.70, a PEG ratio of 3.80 and a beta of 0.70.

Costco Wholesale Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Stockholders 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 annualized dividend and a dividend yield of 0.07%. Costco Wholesale’s dividend payout ratio is presently 28.35%.

Insider Transactions at Costco Wholesale

In other news, VP James P. Murphy sold 2,500 shares of the stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $464.00, for a total transaction of $1,160,000.00. Following the sale, the vice president now owns 37,730 shares of the company’s stock, valued at $17,506,720. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, VP James P. Murphy sold 1,500 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total transaction of $787,800.00. Following the sale, the vice president now owns 36,230 shares of the company’s stock, valued at $19,027,996. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP James P. Murphy sold 2,500 shares of the stock in a transaction dated Wednesday, June 22nd. The stock was sold at an average price of $464.00, for a total transaction of $1,160,000.00. Following the sale, the vice president now directly owns 37,730 shares in the company, valued at approximately $17,506,720. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 5,300 shares of company stock valued at $2,609,904. 0.22% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research reports. Oppenheimer upped their target price on shares of Costco Wholesale from $535.00 to $600.00 in a report on Thursday, August 4th. Credit Suisse Group dropped their target price on shares of Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating for the company in a report on Friday, May 27th. Raymond James upped their target price on shares of Costco Wholesale from $560.00 to $600.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Loop Capital dropped their target price on shares of Costco Wholesale from $610.00 to $585.00 in a report on Thursday, September 1st. Finally, Truist Financial upped their target price on shares of Costco Wholesale from $543.00 to $571.00 in a report on Thursday, August 4th. Four analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $575.28.

About Costco Wholesale

(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.

See Also

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

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