Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC trimmed its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,346 shares of the retailer’s stock after selling 241 shares during the period. Transatlantique Private Wealth LLC’s holdings in Costco Wholesale were worth $1,111,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Strong Tower Advisory Services lifted its holdings in shares of Costco Wholesale by 7.9% during the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after acquiring an additional 137 shares in the last quarter. J.W. Cole Advisors Inc. raised its position in Costco Wholesale by 52.1% in the second quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock valued at $6,499,000 after purchasing an additional 2,620 shares during the period. Main Street Financial Solutions LLC lifted its stake in shares of Costco Wholesale by 22.8% during the second quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock worth $3,003,000 after purchasing an additional 656 shares in the last quarter. Parcion Private Wealth LLC boosted its position in shares of Costco Wholesale by 30.8% in the second quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock worth $4,757,000 after buying an additional 1,319 shares during the period. Finally, Aspiriant LLC grew its stake in shares of Costco Wholesale by 6.1% in the first quarter. Aspiriant LLC now owns 2,327 shares of the retailer’s stock valued at $1,705,000 after buying an additional 134 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the business’s 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 owns 11,775 shares in the company, valued at approximately $10,320,787.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now 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 hyperlink. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,974 shares of company stock worth $4,252,856 in the last three months. 0.18% of the stock is owned by company insiders.

Costco Wholesale Price Performance

NASDAQ COST opened at $906.98 on Friday. The company has a 50-day moving average price of $864.85 and a two-hundred day moving average price of $810.90. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The stock has a market cap of $402.10 billion, a price-to-earnings ratio of 56.19, a price-to-earnings-growth ratio of 5.51 and a beta of 0.80. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued 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 28.75%.

Analyst Ratings Changes

Several equities analysts recently commented on COST shares. Citigroup boosted their price target on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a research report on Friday, May 31st. Robert W. Baird upped their target price on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Argus lifted their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $910.00 to $915.00 and gave the company a “buy” rating in a research report on Friday, September 6th. Finally, Loop Capital raised their target price on Costco Wholesale from $970.00 to $975.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Eight research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $844.52.

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.