Private Advisor Group LLC Raises Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Private Advisor Group LLC increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 4.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 53,994 shares of the retailer’s stock after acquiring an additional 2,141 shares during the quarter. Private Advisor Group LLC’s holdings in Costco Wholesale were worth $25,878,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in the business. Gateway Investment Advisers LLC raised its holdings in shares of Costco Wholesale by 8.5% during the second quarter. Gateway Investment Advisers LLC now owns 152,888 shares of the retailer’s stock worth $73,276,000 after purchasing an additional 11,990 shares during the last quarter. Allied Investment Advisors LLC raised its holdings in shares of Costco Wholesale by 8.2% during the second quarter. Allied Investment Advisors LLC now owns 525 shares of the retailer’s stock worth $252,000 after purchasing an additional 40 shares during the last quarter. Lee Johnson Capital Management LLC raised its holdings in shares of Costco Wholesale by 6.7% during the second quarter. Lee Johnson Capital Management LLC now owns 3,774 shares of the retailer’s stock worth $1,809,000 after purchasing an additional 237 shares during the last quarter. Guardian Financial Partners LLC raised its holdings in shares of Costco Wholesale by 12.5% during the second quarter. Guardian Financial Partners LLC now owns 1,128 shares of the retailer’s stock worth $541,000 after purchasing an additional 125 shares during the last quarter. Finally, Traverso Chambers Private Wealth Management LLC raised its holdings in shares of Costco Wholesale by 13.6% during the second quarter. Traverso Chambers Private Wealth Management LLC now owns 1,254 shares of the retailer’s stock worth $601,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 66.83% of the company’s stock.

Costco Wholesale Stock Performance

COST opened at $487.17 on Friday. The firm has a market capitalization of $215.80 billion, a PE ratio of 38.36, a PEG ratio of 3.72 and a beta of 0.70. Costco Wholesale Co. has a twelve month low of $406.51 and a twelve month 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. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32.

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 dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.36 dividend on an annualized basis and a yield of 0.07%. Costco Wholesale’s payout ratio is presently 28.35%.

Insider Buying and Selling

In other Costco Wholesale news, VP James P. Murphy sold 1,500 shares of Costco Wholesale 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 transaction, the vice president now directly owns 36,230 shares of the company’s stock, valued at $19,027,996. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Costco Wholesale news, VP James P. Murphy sold 1,500 shares of Costco Wholesale 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 transaction, the vice president now directly owns 36,230 shares of the company’s stock, valued at $19,027,996. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth D. Denman sold 300 shares of Costco Wholesale stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $521.68, for a total transaction of $156,504.00. Following the transaction, the director now directly owns 5,197 shares in the company, valued at $2,711,170.96. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,800 shares of company stock worth $1,449,904. 0.22% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Telsey Advisory Group reduced their target price 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. Truist Financial raised their price target on shares of Costco Wholesale from $543.00 to $571.00 in a research report on Thursday, August 4th. Evercore ISI raised their price target on shares of Costco Wholesale to $585.00 in a research report on Tuesday, September 6th. Raymond James raised their price target on shares of Costco Wholesale from $560.00 to $600.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Finally, Loop Capital dropped their price target on shares of Costco Wholesale from $610.00 to $585.00 in a research report on Thursday, September 1st. Four investment 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 company has an average rating of “Moderate Buy” and an average price target of $575.36.

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.

Featured Articles

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)

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.