One Capital Management LLC Has $9.94 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

One Capital Management LLC lifted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 36.5% during the second quarter, Holdings Channel.com reports. The firm owned 11,696 shares of the retailer’s stock after acquiring an additional 3,130 shares during the quarter. One Capital Management LLC’s holdings in Costco Wholesale were worth $9,941,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of COST. Dimensional Fund Advisors LP raised its position in Costco Wholesale by 28.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after purchasing an additional 338,780 shares during the last quarter. Black Diamond Financial LLC raised its position 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 during the last quarter. Abound Wealth Management lifted its stake in shares of Costco Wholesale by 3.5% in the second quarter. Abound Wealth Management now owns 743 shares of the retailer’s stock worth $631,000 after acquiring an additional 25 shares during the period. Fairfield Financial Advisors LTD bought a new stake in Costco Wholesale in the second quarter valued at approximately $4,226,000. Finally, Rathbones Group PLC increased its position in Costco Wholesale by 0.8% during the 2nd quarter. Rathbones Group PLC now owns 305,990 shares of the retailer’s stock valued at $260,096,000 after purchasing an additional 2,463 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the business’s 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 transaction, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the business’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 transaction, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,974 shares of company stock valued at $4,252,856. 0.18% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on COST shares. Oppenheimer boosted their price target on shares of Costco Wholesale from $925.00 to $955.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Tigress Financial boosted their price target on Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Argus boosted their target price on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a report on Thursday, August 8th. Eight investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $844.52.

Costco Wholesale Stock Up 0.1 %

Costco Wholesale stock opened at $916.00 on Monday. Costco Wholesale Co. has a fifty-two week low of $540.23 and a fifty-two week high of $923.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The firm’s 50-day simple moving average is $861.57 and its 200 day simple moving average is $806.45. The stock has a market cap of $406.09 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 5.47 and a beta of 0.80.

Costco Wholesale Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, July 26th. 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.