Costco Wholesale Corporation $COST Shares Bought by KMG Fiduciary Partners LLC

KMG Fiduciary Partners LLC boosted its stake in shares of Costco Wholesale Corporation (NASDAQ:COST) by 2.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,427 shares of the retailer’s stock after buying an additional 292 shares during the period. Costco Wholesale accounts for 0.8% of KMG Fiduciary Partners LLC’s investment portfolio, making the stock its 27th largest position. KMG Fiduciary Partners LLC’s holdings in Costco Wholesale were worth $11,312,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Sunflower Bank N.A. lifted its stake in shares of Costco Wholesale by 6.6% in the 2nd quarter. Sunflower Bank N.A. now owns 746 shares of the retailer’s stock valued at $738,000 after purchasing an additional 46 shares during the last quarter. Sovran Advisors LLC lifted its stake in shares of Costco Wholesale by 155.7% in the 2nd quarter. Sovran Advisors LLC now owns 5,600 shares of the retailer’s stock valued at $5,520,000 after purchasing an additional 3,410 shares during the last quarter. Jackson Square Capital LLC lifted its stake in shares of Costco Wholesale by 1.1% in the 2nd quarter. Jackson Square Capital LLC now owns 7,493 shares of the retailer’s stock valued at $7,417,000 after purchasing an additional 85 shares during the last quarter. Sivia Capital Partners LLC lifted its stake in shares of Costco Wholesale by 4.5% in the 2nd quarter. Sivia Capital Partners LLC now owns 3,853 shares of the retailer’s stock valued at $3,814,000 after purchasing an additional 165 shares during the last quarter. Finally, Drucker Wealth 3.0 LLC lifted its stake in shares of Costco Wholesale by 45.0% in the 2nd quarter. Drucker Wealth 3.0 LLC now owns 657 shares of the retailer’s stock valued at $645,000 after purchasing an additional 204 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COST. JPMorgan Chase & Co. upped their price target on Costco Wholesale from $1,115.00 to $1,160.00 and gave the company an “overweight” rating in a research note on Thursday, August 7th. Loop Capital decreased their price target on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating on the stock in a research note on Thursday, May 29th. Telsey Advisory Group reiterated an “outperform” rating and issued a $1,100.00 price objective on shares of Costco Wholesale in a report on Wednesday, August 27th. Truist Financial boosted their price objective on Costco Wholesale from $995.00 to $1,042.00 and gave the company a “hold” rating in a report on Friday, May 30th. Finally, Morgan Stanley boosted their price objective on Costco Wholesale from $1,150.00 to $1,225.00 and gave the company an “overweight” rating in a report on Friday, May 30th. Seventeen investment analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus price target of $1,056.67.

Insider Buying and Selling

In other Costco Wholesale news, EVP Teresa A. Jones sold 600 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $992.05, for a total transaction of $595,230.00. Following the completion of the sale, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Yoram Rubanenko sold 4,000 shares of the stock in a transaction that occurred on Monday, July 14th. The stock was sold at an average price of $974.96, for a total value of $3,899,840.00. Following the sale, the executive vice president directly owned 5,774 shares of the company’s stock, valued at $5,629,419.04. The trade was a 40.92% 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 company insiders.

Costco Wholesale Stock Up 1.2%

Costco Wholesale stock opened at $963.03 on Thursday. Costco Wholesale Corporation has a twelve month low of $867.16 and a twelve month high of $1,078.23. The stock has a 50 day moving average of $958.71 and a two-hundred day moving average of $973.47. The company has a current ratio of 1.02, a quick ratio of 0.52 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $427.08 billion, a price-to-earnings ratio of 54.62, a PEG ratio of 5.36 and a beta of 0.97.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $1.30 per share. This represents a $5.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Friday, August 1st. Costco Wholesale’s dividend payout ratio (DPR) is presently 29.50%.

About Costco Wholesale

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.