Connecticut Wealth Management LLC Has $6.52 Million Position in Costco Wholesale Co. (NASDAQ:COST)

Connecticut Wealth Management LLC raised its position in Costco Wholesale Co. (NASDAQ:COST) by 3.2% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,665 shares of the retailer’s stock after acquiring an additional 241 shares during the quarter. Connecticut Wealth Management LLC’s holdings in Costco Wholesale were worth $6,515,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter valued at about $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the first quarter valued at about $32,000. Vima LLC bought a new position in Costco Wholesale during the fourth quarter worth about $34,000. DSM Capital Partners LLC bought a new position in Costco Wholesale during the fourth quarter worth about $36,000. Finally, Financial Connections Group Inc. increased its position in Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

COST has been the topic of a number of recent research reports. Roth Mkm reaffirmed a “neutral” rating and set a $676.00 price target (up from $650.00) on shares of Costco Wholesale in a research report on Friday, May 31st. DA Davidson reaffirmed a “neutral” rating and set a $780.00 price target on shares of Costco Wholesale in a research report on Friday, September 6th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $925.00 price target on shares of Costco Wholesale in a research report on Friday, September 6th. Robert W. Baird raised their target price on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Finally, Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a report on Thursday, August 8th. Eight research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $844.52.

Costco Wholesale Stock Up 0.7 %

NASDAQ:COST opened at $906.98 on Friday. The firm’s 50 day simple moving average is $864.85 and its 200 day simple moving average is $810.90. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83. The company has a market cap of $402.10 billion, a PE ratio of 56.19, a P/E/G ratio of 5.51 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. Investors of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a yield of 0.51%. Costco Wholesale’s dividend payout ratio is presently 28.75%.

Insider Buying and Selling

In other news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $10,320,787.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other 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 value of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale 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 completion of 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. Insiders have sold a total of 4,974 shares of company stock worth $4,252,856 in the last ninety days. Company insiders own 0.18% of the company’s stock.

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.