Sivia Capital Partners LLC Has $3.27 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Sivia Capital Partners LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,850 shares of the retailer’s stock after selling 128 shares during the period. Costco Wholesale makes up 2.2% of Sivia Capital Partners LLC’s holdings, making the stock its 10th biggest position. Sivia Capital Partners LLC’s holdings in Costco Wholesale were worth $3,273,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of COST. Main Street Financial Solutions LLC increased its stake in Costco Wholesale by 4.7% during the 4th quarter. Main Street Financial Solutions LLC now owns 1,763 shares of the retailer’s stock worth $1,164,000 after acquiring an additional 79 shares during the period. Zhang Financial LLC raised its stake in Costco Wholesale by 3.8% in the first quarter. Zhang Financial LLC now owns 1,010 shares of the retailer’s stock valued at $740,000 after purchasing an additional 37 shares in the last quarter. Strong Tower Advisory Services lifted its position in Costco Wholesale by 7.9% during the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after purchasing an additional 137 shares during the period. Cary Street Partners Investment Advisory LLC grew its stake in Costco Wholesale by 6.2% during the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 27,902 shares of the retailer’s stock worth $18,418,000 after buying an additional 1,627 shares in the last quarter. Finally, Aigen Investment Management LP bought a new position in Costco Wholesale in the 4th quarter valued at about $3,871,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on COST shares. Roth Mkm reaffirmed a “neutral” rating and set a $676.00 price target (up previously from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. BMO Capital Markets upped their target price on Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Telsey Advisory Group reiterated an “outperform” rating and issued a $925.00 price target on shares of Costco Wholesale in a research note on Friday. Tigress Financial upped their price objective on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Finally, Argus raised their price objective on Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $828.73.

Costco Wholesale Stock Down 1.0 %

Shares of NASDAQ:COST opened at $876.68 on Friday. The firm has a market cap of $388.66 billion, a P/E ratio of 54.32, a P/E/G ratio of 5.98 and a beta of 0.80. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $918.93. The business has a fifty day simple moving average of $857.45 and a 200 day simple moving average of $799.68. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given 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 dividend yield of 0.53%. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Insider Buying and Selling

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the sale, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. 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 owned by company insiders.

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.