Allied Investment Advisors LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST – Get Rating) by 8.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 525 shares of the retailer’s stock after purchasing an additional 40 shares during the quarter. Allied Investment Advisors LLC’s holdings in Costco Wholesale were worth $252,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of COST. Vanguard Group Inc. grew its stake in shares of Costco Wholesale by 1.2% in the 1st quarter. Vanguard Group Inc. now owns 38,028,886 shares of the retailer’s stock valued at $21,898,934,000 after purchasing an additional 467,631 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Costco Wholesale by 0.8% during the first quarter. BlackRock Inc. now owns 31,340,294 shares of the retailer’s stock worth $18,047,310,000 after purchasing an additional 261,972 shares during the period. State Street Corp grew its position in Costco Wholesale by 4.0% in the 1st quarter. State Street Corp now owns 19,039,672 shares of the retailer’s stock valued at $10,963,995,000 after buying an additional 738,447 shares during the last quarter. Alliancebernstein L.P. increased its stake in Costco Wholesale by 2.7% in the 4th quarter. Alliancebernstein L.P. now owns 5,106,207 shares of the retailer’s stock valued at $2,898,794,000 after buying an additional 133,943 shares during the period. Finally, Fisher Asset Management LLC raised its position in Costco Wholesale by 3.7% during the 1st quarter. Fisher Asset Management LLC now owns 4,221,255 shares of the retailer’s stock worth $2,430,810,000 after buying an additional 150,655 shares during the last quarter. Institutional investors and hedge funds own 66.83% of the company’s stock.
Insider Buying and Selling at Costco Wholesale
In other news, CFO Richard A. Galanti sold 1,000 shares of the stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $505.60, for a total value of $505,600.00. Following the completion of the sale, the chief financial officer now owns 25,750 shares of the company’s stock, valued at $13,019,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Costco Wholesale news, CFO Richard A. Galanti sold 1,000 shares of the business’s stock in a transaction dated Thursday, July 14th. The stock was sold at an average price of $505.60, for a total transaction of $505,600.00. Following the transaction, the chief financial officer now owns 25,750 shares in the company, valued at $13,019,200. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP James P. Murphy sold 1,500 shares of the stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total value of $787,800.00. Following the completion of the sale, the vice president now owns 36,230 shares of the company’s stock, valued at approximately $19,027,996. The disclosure for this sale can be found here. Insiders have sold a total of 2,800 shares of company stock valued at $1,449,904 over the last ninety days. Corporate insiders own 0.22% of the company’s stock.
Costco Wholesale Stock Performance
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 issued a $0.09 dividend. The ex-dividend date was Thursday, July 28th. This represents a $0.36 annualized dividend and a yield of 0.07%. Costco Wholesale’s payout ratio is 28.35%.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on COST shares. StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, July 15th. Truist Financial boosted their target price on Costco Wholesale from $543.00 to $571.00 in a research report on Thursday, August 4th. Deutsche Bank Aktiengesellschaft raised their price target on Costco Wholesale from $579.00 to $581.00 and gave the company a “buy” rating in a report on Wednesday. Jefferies Financial Group reiterated a “buy” rating and issued a $580.00 price objective on shares of Costco Wholesale in a research report on Friday, July 29th. Finally, Citigroup boosted their target price on shares of Costco Wholesale from $510.00 to $545.00 in a research report on Thursday, August 4th. Four research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $575.36.
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, 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.
- Get a free copy of the StockNews.com research report on Costco Wholesale (COST)
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