Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Cooper Financial Group

Cooper Financial Group raised its position in Costco Wholesale Co. (NASDAQ:COSTFree Report) by 5.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,863 shares of the retailer’s stock after buying an additional 263 shares during the period. Cooper Financial Group’s holdings in Costco Wholesale were worth $4,456,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. RPg Family Wealth Advisory LLC purchased a new stake in shares of Costco Wholesale in the third quarter valued at approximately $29,000. Fairway Wealth LLC boosted its stake in Costco Wholesale by 230.0% during the second quarter. Fairway Wealth LLC now owns 66 shares of the retailer’s stock worth $56,000 after buying an additional 46 shares during the last quarter. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in Costco Wholesale in the 3rd quarter valued at $58,000. Christopher J. Hasenberg Inc increased its stake in shares of Costco Wholesale by 329.4% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 73 shares of the retailer’s stock worth $65,000 after acquiring an additional 56 shares during the last quarter. Finally, VitalStone Financial LLC purchased a new position in shares of Costco Wholesale during the 3rd quarter worth $71,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Pierre Riel sold 2,000 shares of Costco Wholesale stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $896.71, for a total value of $1,793,420.00. Following the transaction, the executive vice president now directly owns 10,210 shares in the company, valued at approximately $9,155,409.10. This trade represents a 16.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Richard A. Galanti sold 1,416 shares of the stock in a transaction on Thursday, October 24th. The stock was sold at an average price of $894.68, for a total value of $1,266,866.88. Following the sale, the executive vice president now directly owns 27,400 shares of the company’s stock, valued at approximately $24,514,232. This represents a 4.91 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.18% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Raymond James raised their price objective on shares of Costco Wholesale from $990.00 to $1,030.00 and gave the stock an “overweight” rating in a research report on Thursday, December 12th. Morgan Stanley increased their price objective on Costco Wholesale from $950.00 to $1,150.00 and gave the stock an “overweight” rating in a research report on Friday, December 13th. DA Davidson lifted their target price on Costco Wholesale from $880.00 to $900.00 and gave the company a “neutral” rating in a research report on Friday, December 13th. StockNews.com cut Costco Wholesale from a “buy” rating to a “hold” rating in a report on Friday, September 27th. Finally, Sanford C. Bernstein began coverage on shares of Costco Wholesale in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $1,016.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $1,013.59.

View Our Latest Research Report on Costco Wholesale

Costco Wholesale Stock Down 1.1 %

NASDAQ:COST traded down $10.02 during midday trading on Monday, hitting $926.92. 898,875 shares of the company were exchanged, compared to its average volume of 1,804,640. The company has a current ratio of 0.97, a quick ratio of 0.44 and a debt-to-equity ratio of 0.25. Costco Wholesale Co. has a fifty-two week low of $675.96 and a fifty-two week high of $1,008.25. The company has a market capitalization of $411.46 billion, a PE ratio of 54.43, a price-to-earnings-growth ratio of 6.02 and a beta of 0.84. The company has a fifty day simple moving average of $947.92 and a 200 day simple moving average of $899.20.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.50%. The ex-dividend date of this dividend was Friday, November 1st. Costco Wholesale’s dividend payout ratio (DPR) is 27.25%.

About Costco Wholesale

(Free Report)

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

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