RW Investment Management LLC Sells 405 Shares of Costco Wholesale Co. (NASDAQ:COST)

RW Investment Management LLC lessened its position in Costco Wholesale Co. (NASDAQ:COST) by 7.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,741 shares of the retailer’s stock after selling 405 shares during the period. Costco Wholesale comprises 0.5% of RW Investment Management LLC’s portfolio, making the stock its 14th largest holding. RW Investment Management LLC’s holdings in Costco Wholesale were worth $4,030,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Costco Wholesale by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock valued at $29,916,118,000 after purchasing an additional 473,702 shares during the last quarter. Capital World Investors boosted its position in shares of Costco Wholesale by 8.1% during the first quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock valued at $2,802,147,000 after buying an additional 285,533 shares during the last quarter. Fisher Asset Management LLC increased its holdings in Costco Wholesale by 3.0% in the 4th quarter. Fisher Asset Management LLC now owns 2,790,935 shares of the retailer’s stock worth $1,842,241,000 after buying an additional 81,853 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Costco Wholesale by 28.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,538,078 shares of the retailer’s stock worth $1,307,363,000 after buying an additional 338,780 shares during the last quarter. Finally, Wulff Hansen & CO. lifted its stake in Costco Wholesale by 99,208.6% during the 2nd quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after acquiring an additional 1,473,248 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction dated 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 in the company, valued at $10,545,746.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Daniel M. Hines sold 1,500 shares of the business’s 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 owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the stock in a transaction on Monday, July 15th. The shares were 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 of the company’s stock, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock valued at $4,252,856 in the last 90 days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.7 %

Costco Wholesale stock 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. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83. The stock 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.

Costco Wholesale Announces Dividend

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

Analyst Ratings Changes

COST has been the subject of several research reports. Wells Fargo & Company boosted their price objective on shares of Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Evercore ISI increased their price target on Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, September 6th. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Roth Mkm reissued a “neutral” rating and issued a $676.00 target price (up from $650.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Finally, 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. Eight investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.