Costco Wholesale Co. (NASDAQ:COST) Position Raised by Evergreen Capital Management LLC

Evergreen Capital Management LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 7.3% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 22,453 shares of the retailer’s stock after buying an additional 1,527 shares during the quarter. Costco Wholesale makes up about 0.7% of Evergreen Capital Management LLC’s investment portfolio, making the stock its 26th largest holding. Evergreen Capital Management LLC’s holdings in Costco Wholesale were worth $19,085,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Gilbert & Cook Inc. boosted its position in 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 period. Aveo Capital Partners LLC boosted its position in Costco Wholesale by 14.5% during the 4th quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock worth $703,000 after acquiring an additional 135 shares during the period. Gryphon Financial Partners LLC boosted its position in Costco Wholesale by 62.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock worth $2,184,000 after acquiring an additional 1,274 shares during the period. TrinityPoint Wealth LLC boosted its position in Costco Wholesale by 15.5% during the 4th quarter. TrinityPoint Wealth LLC now owns 2,475 shares of the retailer’s stock worth $1,633,000 after acquiring an additional 332 shares during the period. Finally, DSM Capital Partners LLC acquired a new stake in Costco Wholesale during the 4th quarter worth about $36,000. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Richard A. Galanti sold 500 shares of the company’s 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 completion of the sale, the executive vice president now owns 22,900 shares of the company’s stock, valued at $20,015,745. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock worth $4,252,856 in the last three months. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.7 %

COST stock opened at $906.98 on Monday. 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 12 month low of $540.23 and a 12 month high of $923.83. The firm’s 50-day moving average is $864.85 and its 200 day moving average is $811.52. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45.

Costco Wholesale Announces Dividend

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

Wall Street Analysts Forecast Growth

COST has been the topic of a number of recent analyst reports. Stifel Nicolaus raised their price objective on Costco Wholesale from $910.00 to $915.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Argus raised their price objective on Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. BMO Capital Markets raised their price objective on Costco Wholesale from $875.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Bank of America raised their price objective on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Finally, Evercore ISI lifted their price target on Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $853.92.

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.