Costco Wholesale Co. (NASDAQ:COST) is Haverford Financial Services Inc.’s 3rd Largest Position

Haverford Financial Services Inc. lowered its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,067 shares of the retailer’s stock after selling 69 shares during the quarter. Costco Wholesale comprises approximately 4.9% of Haverford Financial Services Inc.’s holdings, making the stock its 3rd largest holding. Haverford Financial Services Inc.’s holdings in Costco Wholesale were worth $16,207,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Gilbert & Cook Inc. boosted its holdings in Costco Wholesale by 57.3% in 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 holdings in Costco Wholesale by 14.5% in 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 holdings in Costco Wholesale by 62.6% in 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 holdings in Costco Wholesale by 15.5% in 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, Keystone Financial Group purchased a new position in Costco Wholesale in the 4th quarter worth approximately $282,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

In other news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the transaction, 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 document filed with the SEC, which is available at the SEC website. In other news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the transaction, 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 document filed with the SEC, which is available at the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the firm’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 transaction, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,974 shares of company stock valued at $4,252,856. 0.18% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on COST. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. TD Cowen upped their target price on Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Morgan Stanley upped their target price on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Evercore ISI upped their target price on Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Finally, Stifel Nicolaus upped their target price on Costco Wholesale from $910.00 to $915.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Eight analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $844.52.

Costco Wholesale Trading Down 0.5 %

NASDAQ:COST opened at $892.52 on Thursday. 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 $395.68 billion, a price-to-earnings ratio of 55.30, a PEG ratio of 5.56 and a beta of 0.80. The business has a fifty day moving average of $862.49 and a 200-day moving average of $809.24. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $1.16 dividend. The ex-dividend date was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s 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.