Costco Wholesale Co. (NASDAQ:COST) Holdings Trimmed by Wambolt & Associates LLC

Wambolt & Associates LLC trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,267 shares of the retailer’s stock after selling 35 shares during the period. Costco Wholesale comprises about 1.5% of Wambolt & Associates LLC’s holdings, making the stock its 12th biggest holding. Wambolt & Associates LLC’s holdings in Costco Wholesale were worth $5,300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Beverly Hills Private Wealth LLC lifted its holdings in shares of Costco Wholesale by 1.9% during the second quarter. Beverly Hills Private Wealth LLC now owns 1,092 shares of the retailer’s stock valued at $929,000 after purchasing an additional 20 shares during the last quarter. NINE MASTS CAPITAL Ltd purchased a new stake in shares of Costco Wholesale during the second quarter valued at $340,000. Barings LLC purchased a new stake in shares of Costco Wholesale during the second quarter valued at $423,000. Achmea Investment Management B.V. lifted its holdings in shares of Costco Wholesale by 15.9% during the second quarter. Achmea Investment Management B.V. now owns 67,918 shares of the retailer’s stock valued at $57,730,000 after purchasing an additional 9,295 shares during the last quarter. Finally, Y.D. More Investments Ltd lifted its holdings in shares of Costco Wholesale by 12.6% during the second quarter. Y.D. More Investments Ltd now owns 1,026 shares of the retailer’s stock valued at $872,000 after purchasing an additional 115 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Price Performance

Shares of COST stock opened at $900.40 on Thursday. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The stock has a 50 day moving average of $859.92 and a two-hundred day moving average of $803.66. The company has a market capitalization of $399.18 billion, a P/E ratio of 55.79, a P/E/G ratio of 5.33 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.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COST. Wells Fargo & Company upped their target price on Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Loop Capital increased their price objective on Costco Wholesale from $970.00 to $975.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. DA Davidson reissued a “neutral” rating and issued a $780.00 price objective on shares of Costco Wholesale in a research note on Friday, September 6th. Robert W. Baird increased their price objective on Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Finally, Roth Mkm reissued a “neutral” rating and issued a $676.00 price objective (up from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Eight investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $844.52.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction on 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 completion of the transaction, the insider now directly owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now owns 12,492 shares of the company’s stock, valued at $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 in the last 90 days. 0.18% of the stock is owned by corporate insiders.

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.