Flagship Harbor Advisors LLC Acquires 1,619 Shares of Costco Wholesale Co. (NASDAQ:COST)

Flagship Harbor Advisors LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 41.9% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,487 shares of the retailer’s stock after purchasing an additional 1,619 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in Costco Wholesale were worth $2,630,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Ford Financial Group LLC boosted its holdings in shares of Costco Wholesale by 2.4% in the first quarter. Ford Financial Group LLC now owns 821 shares of the retailer’s stock worth $472,000 after buying an additional 19 shares during the last quarter. Fermata Advisors LLC boosted its holdings in shares of Costco Wholesale by 5.1% in the first quarter. Fermata Advisors LLC now owns 394 shares of the retailer’s stock worth $227,000 after buying an additional 19 shares during the last quarter. Strategic Investment Advisors MI boosted its holdings in shares of Costco Wholesale by 1.9% in the first quarter. Strategic Investment Advisors MI now owns 1,026 shares of the retailer’s stock worth $591,000 after buying an additional 19 shares during the last quarter. Gill Capital Partners LLC boosted its holdings in shares of Costco Wholesale by 2.2% in 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 during the last quarter. Finally, Retirement Solution Inc. boosted its holdings in shares of Costco Wholesale by 1.1% in 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 during the last quarter. 66.83% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 1.2 %

Costco Wholesale stock opened at $487.17 on Friday. The stock has a market cap of $215.80 billion, a P/E ratio of 38.36, a PEG ratio of 3.72 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 0.48. Costco Wholesale Co. has a 1 year low of $406.51 and a 1 year high of $612.27. The firm’s 50 day moving average price is $529.73 and its 200-day moving average price is $519.85.

Costco Wholesale Cuts Dividend

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

Insider Buying and Selling

In related news, VP James P. Murphy sold 1,500 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total value of $787,800.00. Following the sale, the vice president now owns 36,230 shares in the company, valued at $19,027,996. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, VP James P. Murphy sold 1,500 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total value of $787,800.00. Following the sale, the vice president now owns 36,230 shares in the company, valued at $19,027,996. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Richard A. Galanti sold 1,000 shares of the business’s stock in a transaction on Thursday, July 14th. The stock was sold at an average price of $505.60, for a total transaction of $505,600.00. Following the completion of the sale, the chief financial officer now owns 25,750 shares in the company, valued at approximately $13,019,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,800 shares of company stock worth $1,449,904. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on COST. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Costco Wholesale from $579.00 to $581.00 and gave the stock a “buy” rating in a report on Wednesday. The Goldman Sachs Group raised their price objective on shares of Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, July 15th. Citigroup lifted their price target on shares of Costco Wholesale from $510.00 to $545.00 in a report on Thursday, August 4th. Finally, Oppenheimer lifted their price target on shares of Costco Wholesale from $535.00 to $600.00 in a report on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $575.36.

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

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

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