EverSource Wealth Advisors LLC Buys 310 Shares of Costco Wholesale Co. (NASDAQ:COST)

EverSource Wealth Advisors LLC lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 3.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,892 shares of the retailer’s stock after buying an additional 310 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in Costco Wholesale were worth $8,131,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in COST. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $26,000. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale during the first quarter worth approximately $32,000. Financial Connections Group Inc. raised its stake in Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the period. Vima LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $34,000. Finally, DSM Capital Partners LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $36,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

NASDAQ COST opened at $906.98 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The company has a market cap of $402.10 billion, a P/E ratio of 56.19, a PEG ratio of 5.51 and a beta of 0.80. The company has a fifty day simple moving average of $864.85 and a 200 day simple moving average of $811.25.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Insider Activity

In related news, Director Susan L. Decker sold 620 shares of the 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 sale, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Costco Wholesale news, 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 value of $1,266,300.00. Following the completion of 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $4,252,856 over the last 90 days. 0.18% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

COST has been the topic of several research analyst reports. Robert W. Baird increased their price objective on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Tigress Financial increased their price target on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Barclays upped their target price 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. Loop Capital lifted their price target on Costco Wholesale from $970.00 to $975.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Finally, Morgan Stanley upped their price objective on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Eight research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale has an average 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.