RB Capital Management LLC Buys 193 Shares of Costco Wholesale Co. (NASDAQ:COST)

RB Capital Management LLC raised its stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 1.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,450 shares of the retailer’s stock after buying an additional 193 shares during the period. Costco Wholesale makes up 2.9% of RB Capital Management LLC’s portfolio, making the stock its 5th biggest position. RB Capital Management LLC’s holdings in Costco Wholesale were worth $7,884,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the stock. Ford Financial Group LLC grew its position in Costco Wholesale by 2.4% during the first quarter. Ford Financial Group LLC now owns 821 shares of the retailer’s stock valued at $472,000 after purchasing an additional 19 shares in the last quarter. Fermata Advisors LLC grew its position in Costco Wholesale by 5.1% during the first quarter. Fermata Advisors LLC now owns 394 shares of the retailer’s stock valued at $227,000 after purchasing an additional 19 shares in the last quarter. Strategic Investment Advisors MI grew its position in Costco Wholesale by 1.9% during the first quarter. Strategic Investment Advisors MI now owns 1,026 shares of the retailer’s stock valued at $591,000 after purchasing an additional 19 shares in the last quarter. Gill Capital Partners LLC grew its position in Costco Wholesale by 2.2% in the fourth quarter. Gill Capital Partners LLC now owns 909 shares of the retailer’s stock worth $516,000 after acquiring an additional 20 shares in the last quarter. Finally, Retirement Solution Inc. grew its position in Costco Wholesale by 1.1% in the fourth quarter. Retirement Solution Inc. now owns 1,919 shares of the retailer’s stock worth $1,089,000 after acquiring an additional 20 shares in the last quarter. Institutional investors and hedge funds own 66.83% of the company’s stock.

Wall Street Analysts Forecast Growth

COST has been the subject of several recent research reports. Truist Financial boosted their target price on shares of Costco Wholesale from $543.00 to $571.00 in a research report on Thursday, August 4th. The Goldman Sachs Group boosted their price objective on shares of Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Citigroup boosted their price objective on shares of Costco Wholesale from $510.00 to $545.00 in a research note on Thursday, August 4th. Telsey Advisory Group reduced their price objective on shares of Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating for the company in a research note on Friday, May 27th. Finally, Oppenheimer boosted their price objective on shares of Costco Wholesale from $535.00 to $600.00 in a research note on Thursday, August 4th. Four equities 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, the stock has an average rating of “Moderate Buy” and an average target price of $575.36.

Costco Wholesale Stock Down 1.2 %

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

Costco Wholesale Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.07%. The ex-dividend date was Thursday, July 28th. Costco Wholesale’s dividend payout ratio is currently 28.35%.

Insider Activity

In other news, CFO Richard A. Galanti sold 1,000 shares of the firm’s stock in a transaction dated 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 owns 25,750 shares of the company’s stock, valued at approximately $13,019,200. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related 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 sale, the vice president now directly owns 36,230 shares in the company, valued at approximately $19,027,996. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $505,600.00. Following the completion of the sale, the chief financial officer now owns 25,750 shares in the company, valued at $13,019,200. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,800 shares of company stock valued at $1,449,904. 0.22% of the stock is currently owned by insiders.

About Costco Wholesale

(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.

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

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