Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Intrepid Financial Planning Group LLC

Intrepid Financial Planning Group LLC reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,327 shares of the retailer’s stock after selling 155 shares during the period. Intrepid Financial Planning Group LLC’s holdings in Costco Wholesale were worth $1,978,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Strong Tower Advisory Services grew its stake in Costco Wholesale by 7.9% during the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after acquiring an additional 137 shares in the last quarter. J.W. Cole Advisors Inc. grew its position in shares of Costco Wholesale by 52.1% in the second quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after purchasing an additional 2,620 shares in the last quarter. Main Street Financial Solutions LLC increased its holdings in shares of Costco Wholesale by 22.8% in the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock valued at $3,003,000 after purchasing an additional 656 shares during the last quarter. Parcion Private Wealth LLC increased its holdings in shares of Costco Wholesale by 30.8% in the second quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock valued at $4,757,000 after purchasing an additional 1,319 shares during the last quarter. Finally, Aspiriant LLC lifted its position in Costco Wholesale by 6.1% during the first quarter. Aspiriant LLC now owns 2,327 shares of the retailer’s stock worth $1,705,000 after buying an additional 134 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity

In related news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction 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 sale, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred 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 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 filing with the SEC, which is available at this link. Also, Director Kenneth D. Denman sold 350 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,974 shares of company stock worth $4,252,856. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on COST shares. 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. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $860.00 to $890.00 in a research note on Tuesday, September 10th. Bank of America boosted their target price on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, Wells Fargo & Company raised their price target on shares of Costco Wholesale from $775.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $844.52.

Costco Wholesale Trading Down 0.5 %

Shares of COST stock opened at $892.52 on Thursday. The stock has a market capitalization of $395.68 billion, a P/E ratio of 55.30, a price-to-earnings-growth ratio of 5.56 and a beta of 0.80. 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 company has a 50 day moving average price of $862.49 and a 200 day moving average price of $809.24.

Costco Wholesale Dividend Announcement

The business also recently disclosed 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 payout ratio is currently 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.