Menard Financial Group LLC Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Menard Financial Group LLC grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 870 shares of the retailer’s stock after purchasing an additional 24 shares during the period. Menard Financial Group LLC’s holdings in Costco Wholesale were worth $739,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. One Capital Management LLC lifted its position in Costco Wholesale by 36.5% in the 2nd quarter. One Capital Management LLC now owns 11,696 shares of the retailer’s stock worth $9,941,000 after buying an additional 3,130 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Costco Wholesale by 28.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after acquiring an additional 338,780 shares in the last quarter. Black Diamond Financial LLC raised its stake in shares of Costco Wholesale by 53.4% during the second quarter. Black Diamond Financial LLC now owns 557 shares of the retailer’s stock worth $474,000 after acquiring an additional 194 shares in the last quarter. Abound Wealth Management lifted its holdings in shares of Costco Wholesale by 3.5% in the 2nd quarter. Abound Wealth Management now owns 743 shares of the retailer’s stock worth $631,000 after acquiring an additional 25 shares during the last quarter. Finally, Fairfield Financial Advisors LTD purchased a new stake in shares of Costco Wholesale in the 2nd quarter valued at $4,226,000. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the sale, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at $20,015,745. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The disclosure for this sale can be found here. Insiders sold a total of 4,974 shares of company stock valued at $4,252,856 in the last three months. Company insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on COST shares. Tigress Financial lifted their target price on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Truist Financial boosted their target price on Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, May 31st. Roth Mkm restated a “neutral” rating and set a $676.00 price target (up from $650.00) on shares of Costco Wholesale in a research report on Friday, May 31st. TD Cowen boosted their price objective on Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Finally, DA Davidson restated a “neutral” rating and issued a $780.00 target price on shares of Costco Wholesale in a report on Friday, September 6th. Eight equities research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $844.52.

Costco Wholesale Price Performance

Shares of COST stock opened at $916.00 on Monday. The business’s fifty day moving average is $861.57 and its 200 day moving average is $806.45. 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 stock has a market cap of $406.09 billion, a price-to-earnings ratio of 56.75, a PEG ratio of 5.47 and a beta of 0.80. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83.

Costco Wholesale Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were paid a $1.16 dividend. The ex-dividend date was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. Costco Wholesale’s payout ratio is 28.75%.

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.