Tcwp LLC Sells 13 Shares of Costco Wholesale Co. (NASDAQ:COST)

Tcwp LLC decreased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 533 shares of the retailer’s stock after selling 13 shares during the quarter. Tcwp LLC’s holdings in Costco Wholesale were worth $453,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC bought a new position in Costco Wholesale during the 4th quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the first quarter valued at approximately $32,000. Financial Connections Group Inc. boosted its stake in shares of Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after purchasing an additional 39 shares in the last quarter. Vima LLC bought a new position in Costco Wholesale in the fourth quarter worth approximately $34,000. Finally, DSM Capital Partners LLC bought a new position in Costco Wholesale in the fourth quarter worth approximately $36,000. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other news, insider Daniel M. Hines sold 1,500 shares of the company’s 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 completion of the transaction, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The sale was disclosed in a filing with the SEC, which is available at this link. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction on 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 owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,974 shares of company stock worth $4,252,856. 0.18% of the stock is owned by corporate insiders.

Costco Wholesale Stock Up 0.7 %

COST opened at $906.98 on Friday. The company has a fifty day moving average of $864.85 and a two-hundred day moving average of $810.90. The stock has a market capitalization of $402.10 billion, a price-to-earnings ratio of 56.19, a PEG ratio of 5.51 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.

Costco Wholesale Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COST. Tigress Financial boosted their price target on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a report on Thursday, August 8th. Roth Mkm reaffirmed a “neutral” rating and issued a $676.00 price objective (up previously from $650.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Morgan Stanley increased their target price on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Finally, Evercore ISI lifted their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. Eight analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $844.52.

About Costco Wholesale

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.