Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Wedmont Private Capital

Wedmont Private Capital grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 1,545 shares of the retailer’s stock after buying an additional 49 shares during the period. Wedmont Private Capital’s holdings in Costco Wholesale were worth $740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Fortune 45 LLC lifted its stake in Costco Wholesale by 8.6% in the 1st quarter. Fortune 45 LLC now owns 696 shares of the retailer’s stock valued at $401,000 after buying an additional 55 shares in the last quarter. Mather Group LLC. lifted its stake in Costco Wholesale by 15.2% in the 1st quarter. Mather Group LLC. now owns 2,316 shares of the retailer’s stock valued at $1,334,000 after buying an additional 306 shares in the last quarter. Park National Corp OH lifted its stake in Costco Wholesale by 1.6% in the 2nd quarter. Park National Corp OH now owns 30,301 shares of the retailer’s stock valued at $14,522,000 after buying an additional 463 shares in the last quarter. Amalgamated Bank lifted its stake in Costco Wholesale by 4.4% in the 1st quarter. Amalgamated Bank now owns 126,327 shares of the retailer’s stock valued at $72,745,000 after buying an additional 5,278 shares in the last quarter. Finally, CHICAGO TRUST Co NA lifted its stake in Costco Wholesale by 3.6% in the 1st quarter. CHICAGO TRUST Co NA now owns 6,081 shares of the retailer’s stock valued at $3,502,000 after buying an additional 209 shares in the last quarter. Institutional investors and hedge funds own 66.83% of the company’s stock.

Costco Wholesale Stock Up 0.1 %

Shares of NASDAQ COST opened at $504.14 on Monday. Costco Wholesale Co. has a 12-month low of $406.51 and a 12-month high of $612.27. The company has a market cap of $223.32 billion, a P/E ratio of 39.70, a P/E/G ratio of 3.80 and a beta of 0.70. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32. The stock has a fifty day moving average price of $529.88 and a 200 day moving average price of $520.69.

Costco Wholesale Cuts Dividend

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

Insider Activity at Costco Wholesale

In other news, VP James P. Murphy sold 2,500 shares of the firm’s 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 completion of the sale, the vice president now directly owns 37,730 shares in the company, valued at $17,506,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, VP James P. Murphy sold 2,500 shares of the firm’s 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 completion of the sale, the vice president now directly owns 37,730 shares in the company, valued at $17,506,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard A. Galanti sold 1,000 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $13,019,200. The disclosure for this sale can be found here. In the last three months, insiders sold 5,300 shares of company stock worth $2,609,904. Corporate insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on COST shares. Credit Suisse Group reduced their price target 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. Citigroup increased their price target on Costco Wholesale from $510.00 to $545.00 in a research note on Thursday, August 4th. BMO Capital Markets reissued a “buy” rating and set a $580.00 price target on shares of Costco Wholesale in a research note on Monday, May 30th. Deutsche Bank Aktiengesellschaft raised Costco Wholesale from a “hold” rating to a “buy” rating and increased their price target for the stock from $525.00 to $579.00 in a research note on Thursday, July 14th. Finally, The Goldman Sachs Group increased their price target on Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $575.28.

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.

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

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

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