Private Advisor Group LLC Boosts Stake in Costco Wholesale Co. (NASDAQ:COST)

Private Advisor Group LLC raised its position in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 4.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,994 shares of the retailer’s stock after purchasing an additional 2,141 shares during the quarter. Private Advisor Group LLC’s holdings in Costco Wholesale were worth $25,878,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC grew its stake in Costco Wholesale by 8.5% in the 2nd quarter. Gateway Investment Advisers LLC now owns 152,888 shares of the retailer’s stock worth $73,276,000 after acquiring an additional 11,990 shares in the last quarter. Allied Investment Advisors LLC grew its stake in Costco Wholesale by 8.2% in the 2nd quarter. Allied Investment Advisors LLC now owns 525 shares of the retailer’s stock worth $252,000 after acquiring an additional 40 shares in the last quarter. Lee Johnson Capital Management LLC grew its stake in Costco Wholesale by 6.7% in the 2nd quarter. Lee Johnson Capital Management LLC now owns 3,774 shares of the retailer’s stock worth $1,809,000 after acquiring an additional 237 shares in the last quarter. Guardian Financial Partners LLC grew its stake in Costco Wholesale by 12.5% in the 2nd quarter. Guardian Financial Partners LLC now owns 1,128 shares of the retailer’s stock worth $541,000 after acquiring an additional 125 shares in the last quarter. Finally, Traverso Chambers Private Wealth Management LLC grew its stake in Costco Wholesale by 13.6% in the 2nd quarter. Traverso Chambers Private Wealth Management LLC now owns 1,254 shares of the retailer’s stock worth $601,000 after acquiring an additional 150 shares in the last quarter. 66.83% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In related news, CFO Richard A. Galanti sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $505.60, for a total transaction of $505,600.00. Following the sale, the chief financial officer now owns 25,750 shares in the company, valued at $13,019,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CFO Richard A. Galanti sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $505.60, for a total transaction of $505,600.00. Following the sale, the chief financial officer now owns 25,750 shares in the company, valued at $13,019,200. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Kenneth D. Denman sold 300 shares of the firm’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $521.68, for a total transaction of $156,504.00. Following the sale, the director now owns 5,197 shares in the company, valued at approximately $2,711,170.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,800 shares of company stock worth $1,449,904. 0.22% of the stock is owned by company insiders.

Analysts Set New Price Targets

COST has been the topic of a number of research analyst reports. Credit Suisse Group dropped their target price on shares of Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating on the stock in a research note on Friday, May 27th. Telsey Advisory Group dropped their price objective on shares of Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating on the stock in a research note on Friday, May 27th. Oppenheimer increased their price objective on shares of Costco Wholesale from $535.00 to $600.00 in a research note on Thursday, August 4th. StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, July 15th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $580.00 price objective on shares of Costco Wholesale in a research note on Friday, July 29th. Four research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $575.36.

Costco Wholesale Trading Down 1.2 %

Shares of Costco Wholesale stock opened at $487.17 on Friday. The stock has a market cap of $215.80 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 3.72 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 0.48. The firm has a fifty day moving average price of $529.73 and a 200 day moving average price of $519.85. Costco Wholesale Co. has a 1 year low of $406.51 and a 1 year high of $612.27.

Costco Wholesale Cuts Dividend

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

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.

Featured Articles

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

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.