Strata Wealth Advisors LLC Has $454,000 Holdings in Costco Wholesale Co. (NASDAQ:COST)

Strata Wealth Advisors LLC lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 10.3% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 534 shares of the retailer’s stock after selling 61 shares during the quarter. Strata Wealth Advisors LLC’s holdings in Costco Wholesale were worth $454,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Oak Asset Management LLC lifted its stake in shares of Costco Wholesale by 0.3% in the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after acquiring an additional 12 shares during the period. Peddock Capital Advisors LLC boosted its stake in shares of Costco Wholesale by 0.7% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock valued at $1,518,000 after purchasing an additional 12 shares during the last quarter. Bedel Financial Consulting Inc. boosted its stake in shares of Costco Wholesale by 1.3% in the 1st quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock valued at $729,000 after purchasing an additional 13 shares during the last quarter. Boltwood Capital Management increased its position in shares of Costco Wholesale by 1.7% during the second quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock worth $671,000 after buying an additional 13 shares during the period. Finally, LifePro Asset Management raised its stake in Costco Wholesale by 3.8% during the second quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock worth $304,000 after buying an additional 13 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction 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 SEC, which is available at the SEC website. In other Costco Wholesale 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 transaction of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the insider now 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 three months, insiders have sold 4,974 shares of company stock worth $4,252,856. 0.18% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

COST has been the subject of several research analyst reports. Citigroup lifted their price objective on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a research report on Friday, May 31st. Redburn Atlantic downgraded Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the stock from $860.00 to $890.00 in a report on Tuesday, September 10th. Evercore ISI boosted their price target on Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Finally, StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $857.48.

Costco Wholesale Trading Up 1.1 %

Shares of COST stock opened at $917.08 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The company has a market capitalization of $406.57 billion, a price-to-earnings ratio of 56.82, a PEG ratio of 5.51 and a beta of 0.80. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83. The company has a 50-day simple moving average of $866.22 and a two-hundred day simple moving average of $812.45.

Costco Wholesale Announces Dividend

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

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.