Ranch Capital Advisors Inc. Buys 56 Shares of Costco Wholesale Co. (NASDAQ:COST)

Ranch Capital Advisors Inc. boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 7.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 835 shares of the retailer’s stock after purchasing an additional 56 shares during the period. Ranch Capital Advisors Inc.’s holdings in Costco Wholesale were worth $710,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Gilbert & Cook Inc. grew its stake in Costco Wholesale by 57.3% in the 4th quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock valued at $413,000 after buying an additional 228 shares in the last quarter. Aveo Capital Partners LLC grew its position in Costco Wholesale by 14.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock worth $703,000 after buying an additional 135 shares in the last quarter. Gryphon Financial Partners LLC raised its holdings in shares of Costco Wholesale by 62.6% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock valued at $2,184,000 after acquiring an additional 1,274 shares in the last quarter. TrinityPoint Wealth LLC increased its position in shares of Costco Wholesale by 15.5% in the fourth quarter. TrinityPoint Wealth LLC now owns 2,475 shares of the retailer’s stock worth $1,633,000 after purchasing an additional 332 shares during the last quarter. Finally, Tidemark LLC bought a new stake in Costco Wholesale during the fourth quarter valued at approximately $161,000. 68.48% of the stock is owned by institutional investors.

Costco Wholesale Stock Up 0.9 %

NASDAQ:COST opened at $900.74 on Friday. The firm has a market cap of $399.33 billion, a PE ratio of 55.81, a price-to-earnings-growth ratio of 5.56 and a beta of 0.80. The company has a 50-day moving average of $863.57 and a 200 day moving average of $809.87. 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 Co. has a 1-year low of $540.23 and a 1-year high of $923.83.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s payout ratio is 28.75%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Truist Financial lifted their price objective on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Roth Mkm reissued a “neutral” rating and set a $676.00 price objective (up from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. Wells Fargo & Company increased their price target on shares of Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Evercore ISI lifted their target price on shares of Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Finally, Loop Capital raised their price target on shares of Costco Wholesale from $970.00 to $975.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Eight research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $844.52.

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $5,041,057.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction 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 sale, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. The disclosure for this sale can be found here. Insiders sold a total of 4,974 shares of company stock worth $4,252,856 over the last three months. Corporate insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.