Arista Wealth Management LLC Has $2.81 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Arista Wealth Management LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 171.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,304 shares of the retailer’s stock after purchasing an additional 2,085 shares during the quarter. Costco Wholesale comprises approximately 0.7% of Arista Wealth Management LLC’s investment portfolio, making the stock its 17th biggest position. Arista Wealth Management LLC’s holdings in Costco Wholesale were worth $2,808,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the company. Frank Rimerman Advisors LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter worth $26,000. Redmont Wealth Advisors LLC acquired a new stake in Costco Wholesale in the 1st quarter worth about $32,000. Financial Connections Group Inc. boosted its holdings in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares during the period. Vima LLC bought a new position in shares of Costco Wholesale during the fourth quarter worth approximately $34,000. Finally, DSM Capital Partners LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $36,000. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.7 %

COST stock opened at $906.98 on Friday. The stock’s 50 day simple moving average is $864.85 and its 200 day simple moving average is $810.90. The company has a market cap of $402.10 billion, a P/E ratio of 56.19, a price-to-earnings-growth ratio of 5.51 and a beta of 0.80. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. Costco Wholesale Co. has a fifty-two week low of $540.23 and a fifty-two week high of $923.83.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s payout ratio is 28.75%.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the sale, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,974 shares of company stock valued at $4,252,856. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on COST shares. DA Davidson restated a “neutral” rating and set a $780.00 price objective on shares of Costco Wholesale in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft raised their price target on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Morgan Stanley upped their price objective on shares of Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Loop Capital raised 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. Finally, Robert W. Baird upped their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $844.52.

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.