Fairscale Capital LLC Purchases Shares of 173 Costco Wholesale Co. (NASDAQ:COST)

Fairscale Capital LLC acquired a new position in shares of Costco Wholesale Co. (NASDAQ:COST) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 173 shares of the retailer’s stock, valued at approximately $147,000.

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 fourth quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the 1st quarter worth approximately $32,000. Vima LLC bought a new position in shares of Costco Wholesale during the 4th quarter worth approximately $34,000. DSM Capital Partners LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at $36,000. Finally, Financial Connections Group Inc. grew its position 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 acquiring an additional 39 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on COST shares. Wells Fargo & Company lifted their price objective on Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a report on Thursday, August 8th. DA Davidson reaffirmed a “neutral” rating and set a $780.00 price objective on shares of Costco Wholesale in a research note on Friday, September 6th. Robert W. Baird raised their target price on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Finally, BMO Capital Markets increased their price objective on shares of Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. 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 presently has a consensus rating of “Moderate Buy” and a consensus price target of $844.52.

Insider Buying and Selling

In other Costco Wholesale news, 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the 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 $10,545,746.40. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock valued at $4,252,856 in the last 90 days. 0.18% of the stock is owned by insiders.

Costco Wholesale Trading Up 0.7 %

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 1-year low of $540.23 and a 1-year high of $923.83. The firm 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. The business’s 50-day moving average price is $864.85 and its two-hundred day moving average price is $811.25.

Costco Wholesale Dividend Announcement

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

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.