Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Wealth Alliance

Wealth Alliance cut its stake in Costco Wholesale Co. (NASDAQ:COST) by 13.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,268 shares of the retailer’s stock after selling 192 shares during the period. Wealth Alliance’s holdings in Costco Wholesale were worth $1,078,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of COST. Frank Rimerman Advisors LLC purchased a new position in Costco Wholesale during the 4th quarter worth approximately $26,000. Redmont Wealth Advisors LLC purchased a new position in Costco Wholesale during the 1st quarter worth approximately $32,000. Vima LLC purchased a new position in Costco Wholesale during the 4th quarter worth approximately $34,000. DSM Capital Partners LLC purchased a new position in Costco Wholesale during the 4th quarter worth approximately $36,000. Finally, Financial Connections Group Inc. raised its position in Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after buying an additional 39 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Costco Wholesale Trading Down 0.5 %

Shares of COST stock opened at $892.52 on Thursday. The company’s 50-day moving average price is $862.49 and its 200-day moving average price is $809.24. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. 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 market cap of $395.68 billion, a price-to-earnings ratio of 55.30, a PEG ratio of 5.56 and a beta of 0.80.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a $1.16 dividend. 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%.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of recent research reports. Oppenheimer raised 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. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a report on Thursday, August 8th. Loop Capital lifted their target price on shares of Costco Wholesale from $970.00 to $975.00 and gave the company a “buy” rating in a report on Friday, September 6th. TD Cowen lifted their target price on shares of Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a report on Friday, July 12th. Finally, Argus lifted their target price on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Eight investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $844.52.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the sale, the executive vice president now directly owns 22,900 shares in the company, valued at $20,015,745. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction dated 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 in the company, valued at $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock valued at $4,252,856 over the last 90 days. 0.18% of the stock is owned by 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.