Peterson Wealth Management Has $6.17 Million Stake in Costco Wholesale Co. (NASDAQ:COST)

Peterson Wealth Management boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,260 shares of the retailer’s stock after buying an additional 31 shares during the period. Costco Wholesale makes up about 3.8% of Peterson Wealth Management’s investment portfolio, making the stock its 6th largest holding. Peterson Wealth Management’s holdings in Costco Wholesale were worth $6,171,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in Costco Wholesale during the 4th quarter valued at $3,628,694,000. Global Assets Advisory LLC purchased a new stake in Costco Wholesale during the 1st quarter valued at $510,353,000. Assenagon Asset Management S.A. boosted its stake in Costco Wholesale by 287.3% during the 2nd quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock valued at $710,802,000 after purchasing an additional 620,341 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Costco Wholesale by 3,647.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 567,641 shares of the retailer’s stock valued at $374,688,000 after purchasing an additional 552,492 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in Costco Wholesale by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 40,360,168 shares of the retailer’s stock valued at $26,640,940,000 after purchasing an additional 485,051 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. Loop Capital increased their target price on Costco Wholesale from $940.00 to $970.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. StockNews.com downgraded Costco Wholesale from a “buy” rating to a “hold” rating in a research note on Thursday, August 29th. Evercore ISI dropped their price target on Costco Wholesale from $920.00 to $915.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 7th. Telsey Advisory Group restated an “outperform” rating and issued a $925.00 price target on shares of Costco Wholesale in a research note on Tuesday, August 27th. Finally, Tigress Financial raised their price target on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research note on Tuesday, June 25th. Eight research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $824.50.

Insider Buying and Selling at Costco Wholesale

In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the sale, the executive vice president now directly owns 22,900 shares in the company, valued at $20,015,745. The disclosure for this sale can be found here. Insiders have sold a total of 4,974 shares of company stock valued at $4,252,856 over the last ninety days. 0.18% of the stock is currently owned by company insiders.

Costco Wholesale Price Performance

NASDAQ:COST opened at $885.98 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The business’s 50-day simple moving average is $856.92 and its two-hundred day simple moving average is $798.62. The stock has a market cap of $392.78 billion, a PE ratio of 54.89, a P/E/G ratio of 5.98 and a beta of 0.80. Costco Wholesale Co. has a 52 week low of $540.18 and a 52 week high of $918.93.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were issued a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. Costco Wholesale’s dividend payout ratio is presently 28.75%.

Costco Wholesale Profile

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.