Greenhouse Wealth Management LLC Acquires Shares of 470 Costco Wholesale Co. (NASDAQ:COST)

Greenhouse Wealth Management LLC purchased a new stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 470 shares of the retailer’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors also recently modified their holdings of COST. Gotham Asset Management LLC increased its position in shares of Costco Wholesale by 14.0% during the fourth quarter. Gotham Asset Management LLC now owns 5,611 shares of the retailer’s stock valued at $3,185,000 after buying an additional 690 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in Costco Wholesale in the fourth quarter worth about $142,000. Stewart Asset Management LLC grew its holdings in Costco Wholesale by 631.1% in the fourth quarter. Stewart Asset Management LLC now owns 121,185 shares of the retailer’s stock worth $2,303,000 after purchasing an additional 104,609 shares during the period. IHT Wealth Management LLC grew its holdings in Costco Wholesale by 1.1% in the fourth quarter. IHT Wealth Management LLC now owns 6,489 shares of the retailer’s stock worth $3,684,000 after purchasing an additional 73 shares during the period. Finally, Banco de Sabadell S.A grew its holdings in Costco Wholesale by 0.8% in the fourth quarter. Banco de Sabadell S.A now owns 5,868 shares of the retailer’s stock worth $3,334,000 after purchasing an additional 44 shares during the period. Hedge funds and other institutional investors own 66.83% of the company’s stock.

Costco Wholesale Stock Down 1.2 %

Shares of Costco Wholesale stock opened at $487.17 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. Costco Wholesale Co. has a twelve month low of $406.51 and a twelve month high of $612.27. The company has a market cap of $215.80 billion, a price-to-earnings ratio of 38.36, a price-to-earnings-growth ratio of 3.72 and a beta of 0.70. The company’s 50 day moving average is $529.73 and its 200 day moving average is $519.85.

Costco Wholesale Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were given a $0.09 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.36 annualized dividend and a yield of 0.07%. Costco Wholesale’s payout ratio is presently 28.35%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on COST shares. Telsey Advisory Group cut their price objective on shares of Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating on the stock in a report on Friday, May 27th. Evercore ISI upped their price objective on shares of Costco Wholesale to $585.00 in a report on Tuesday, September 6th. BMO Capital Markets restated a “buy” rating and issued a $580.00 price objective on shares of Costco Wholesale in a report on Monday, May 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Costco Wholesale from $579.00 to $581.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Oppenheimer upped their target price on shares of Costco Wholesale from $535.00 to $600.00 in a research note on Thursday, August 4th. Four analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $575.36.

Insiders Place Their Bets

In other Costco Wholesale news, VP James P. Murphy sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total value of $787,800.00. Following the transaction, the vice president now directly owns 36,230 shares in the company, valued at $19,027,996. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Costco Wholesale news, CFO Richard A. Galanti sold 1,000 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 25,750 shares in the company, valued at $13,019,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James P. Murphy sold 1,500 shares of the stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total transaction of $787,800.00. Following the completion of the transaction, the vice president now owns 36,230 shares in the company, valued at $19,027,996. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,800 shares of company stock worth $1,449,904. Company insiders own 0.22% of the company’s stock.

Costco Wholesale Profile

(Get Rating)

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.

See Also

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

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