Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Capstone Triton Financial Group LLC

Capstone Triton Financial Group LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,242 shares of the retailer’s stock after buying an additional 77 shares during the period. Costco Wholesale comprises about 2.5% of Capstone Triton Financial Group LLC’s portfolio, making the stock its 8th biggest position. Capstone Triton Financial Group LLC’s holdings in Costco Wholesale were worth $3,605,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Strong Tower Advisory Services grew its position in shares of Costco Wholesale by 7.9% in the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after buying an additional 137 shares during the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Costco Wholesale by 52.1% in the 2nd 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 grew its stake in Costco Wholesale by 22.8% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock worth $3,003,000 after buying an additional 656 shares during the last quarter. Parcion Private Wealth LLC lifted its stake in Costco Wholesale by 30.8% in the second quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock valued at $4,757,000 after buying an additional 1,319 shares during the last quarter. Finally, Aspiriant LLC increased its holdings in shares of Costco Wholesale by 6.1% in the 1st quarter. Aspiriant LLC now owns 2,327 shares of the retailer’s stock valued at $1,705,000 after acquiring an additional 134 shares during the period. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insiders Place Their Bets

In related news, Director Susan L. Decker sold 620 shares of the 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 sale, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Susan L. Decker sold 620 shares of the firm’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 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 Securities & Exchange Commission, which is available through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 directly owns 22,900 shares of the company’s stock, valued at $20,015,745. The disclosure for this sale can be found here. Insiders have sold a total of 4,974 shares of company stock valued at $4,252,856 in the last quarter. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Up 0.7 %

NASDAQ COST opened at $906.98 on Friday. The company’s fifty day moving average price is $864.85 and its two-hundred day moving average price is $810.90. The company has a market capitalization 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. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s payout ratio is currently 28.75%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on COST. Oppenheimer increased their target price on shares of Costco Wholesale from $925.00 to $955.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Roth Mkm reaffirmed a “neutral” rating and set a $676.00 price target (up from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. DA Davidson restated a “neutral” rating and issued a $780.00 target price on shares of Costco Wholesale in a research note on Friday, September 6th. Loop Capital lifted their target price on shares of Costco Wholesale from $970.00 to $975.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, TD Cowen increased their price target on shares of Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Eight analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $844.52.

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.