Coldstream Capital Management Inc. raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,297 shares of the retailer’s stock after acquiring an additional 158 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Costco Wholesale were worth $18,102,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of COST. Gilbert & Cook Inc. boosted its position 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 acquiring an additional 228 shares in the last quarter. Aveo Capital Partners LLC boosted its position in Costco Wholesale by 14.5% during the 4th quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock valued at $703,000 after acquiring an additional 135 shares in the last quarter. Gryphon Financial Partners LLC boosted its position in Costco Wholesale by 62.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock valued at $2,184,000 after acquiring an additional 1,274 shares in the last quarter. Advisor OS LLC boosted its position in Costco Wholesale by 46.8% during the 4th quarter. Advisor OS LLC now owns 2,036 shares of the retailer’s stock valued at $1,344,000 after acquiring an additional 649 shares in the last quarter. Finally, Quotient Wealth Partners LLC bought a new stake in Costco Wholesale during the 4th quarter valued at $1,957,000. Institutional investors own 68.48% of the company’s stock.
Insider Activity
In related news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $848.53, for a total value of $1,272,795.00. Following the completion of the transaction, the insider now owns 10,992 shares of the company’s stock, valued at approximately $9,327,041.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. Insiders sold a total of 4,974 shares of company stock valued at $4,252,856 in the last quarter. 0.18% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
Check Out Our Latest Report on COST
Costco Wholesale Stock Performance
Shares of COST stock opened at $894.51 on Tuesday. The stock has a market cap of $396.56 billion, a PE ratio of 55.54, a price-to-earnings-growth ratio of 5.33 and a beta of 0.80. The business has a 50-day simple moving average of $858.47 and a 200-day simple moving average of $801.88. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $918.93.
Costco Wholesale Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.
Costco Wholesale Company 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.
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