Delap Wealth Advisory LLC Sells 2,869 Shares of Costco Wholesale Co. (NASDAQ:COST)

Delap Wealth Advisory LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 69.0% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,291 shares of the retailer’s stock after selling 2,869 shares during the period. Delap Wealth Advisory LLC’s holdings in Costco Wholesale were worth $1,097,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its holdings in shares of Costco Wholesale by 57.3% during the 4th quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock worth $413,000 after acquiring an additional 228 shares during the last quarter. Aveo Capital Partners LLC lifted its stake in Costco Wholesale by 14.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock worth $703,000 after purchasing an additional 135 shares during the last quarter. Gryphon Financial Partners LLC boosted its stake in Costco Wholesale by 62.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock worth $2,184,000 after buying an additional 1,274 shares in the last quarter. TrinityPoint Wealth LLC boosted its stake in shares of Costco Wholesale by 15.5% in the 4th quarter. TrinityPoint Wealth LLC now owns 2,475 shares of the retailer’s stock valued at $1,633,000 after purchasing an additional 332 shares in the last quarter. Finally, AXS Investments LLC boosted its position in Costco Wholesale by 193.1% during the fourth quarter. AXS Investments LLC now owns 759 shares of the retailer’s stock valued at $501,000 after buying an additional 500 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.7 %

NASDAQ:COST opened at $906.98 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The firm’s 50-day moving average price is $864.85 and its 200-day moving average price is $811.25. The company has a market capitalization 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 Co. has a 1-year low of $540.23 and a 1-year high of $923.83.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid 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 was Friday, July 26th. Costco Wholesale’s dividend payout ratio is 28.75%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COST. BMO Capital Markets boosted their target price on Costco Wholesale from $875.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Barclays boosted their price objective on Costco Wholesale from $765.00 to $830.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Robert W. Baird raised their target price 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. Oppenheimer upped their price target on shares of Costco Wholesale from $925.00 to $955.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Finally, Bank of America raised their price target on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Eight equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $844.52.

Insider Buying and Selling at Costco Wholesale

In other news, insider Daniel M. Hines sold 1,500 shares of the business’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 value 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction 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 transaction, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the 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 sale, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,974 shares of company stock valued at $4,252,856. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Company 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.