Fiera Capital Corp Sells 1,109 Shares of Costco Wholesale Co. (NASDAQ:COST)

Fiera Capital Corp cut its position in Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 78,441 shares of the retailer’s stock after selling 1,109 shares during the period. Fiera Capital Corp’s holdings in Costco Wholesale were worth $66,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of COST. Gilbert & Cook Inc. raised its stake in Costco Wholesale by 57.3% during the 4th quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock valued at $413,000 after purchasing an additional 228 shares during the period. Aveo Capital Partners LLC raised its position in shares of Costco Wholesale by 14.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock valued at $703,000 after buying an additional 135 shares during the last quarter. Peregrine Asset Advisers Inc. lifted its holdings in shares of Costco Wholesale by 0.8% in the fourth quarter. Peregrine Asset Advisers Inc. now owns 2,613 shares of the retailer’s stock worth $1,725,000 after buying an additional 20 shares in the last quarter. Capital Performance Advisors LLP boosted its position in shares of Costco Wholesale by 13.3% during the fourth quarter. Capital Performance Advisors LLP now owns 920 shares of the retailer’s stock worth $607,000 after acquiring an additional 108 shares during the last quarter. Finally, N.E.W. Advisory Services LLC purchased a new position in Costco Wholesale during the fourth quarter valued at $228,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST stock opened at $892.38 on Tuesday. The stock has a 50 day moving average price of $855.08 and a 200 day moving average price of $796.27. Costco Wholesale Co. has a 52-week low of $539.31 and a 52-week high of $918.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The firm has a market capitalization of $395.62 billion, a P/E ratio of 55.29, a P/E/G ratio of 5.98 and a beta of 0.78.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Insider Transactions at Costco Wholesale

In related news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the sale, the executive vice president now owns 22,900 shares in the company, valued at approximately $20,015,745. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the completion of the sale, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at $20,015,745. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,974 shares of company stock worth $4,252,856. Insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on COST shares. Evercore ISI dropped their price objective on shares of Costco Wholesale from $920.00 to $915.00 and set an “outperform” rating for the company in a report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft increased their price target on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Oppenheimer reduced their price objective on Costco Wholesale from $950.00 to $925.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Thursday, August 29th. Finally, TD Cowen boosted their price target on shares of Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Eight equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $824.50.

Costco Wholesale Profile

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