Sompo Asset Management Co. Ltd. Has $1.33 Million Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Sompo Asset Management Co. Ltd. boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 2.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,560 shares of the retailer’s stock after buying an additional 40 shares during the quarter. Sompo Asset Management Co. Ltd.’s holdings in Costco Wholesale were worth $1,326,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Gilbert & Cook Inc. lifted its position in shares of Costco Wholesale by 57.3% during the 4th quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock worth $413,000 after purchasing an additional 228 shares during the last quarter. Aveo Capital Partners LLC grew its stake in shares of Costco Wholesale by 14.5% in the fourth 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 last quarter. Gryphon Financial Partners LLC raised its stake in Costco Wholesale by 62.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock valued at $2,184,000 after purchasing an additional 1,274 shares during the last quarter. 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 valued at $1,633,000 after purchasing an additional 332 shares during the period. Finally, FineMark National Bank & Trust boosted its holdings in Costco Wholesale by 11.2% in the 4th quarter. FineMark National Bank & Trust now owns 5,950 shares of the retailer’s stock valued at $3,927,000 after purchasing an additional 599 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated 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 owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the transaction, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,974 shares of company stock worth $4,252,856. Corporate insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

COST has been the subject of several recent research reports. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a report on Thursday, August 8th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $925.00 target price on shares of Costco Wholesale in a research report on Friday, September 6th. Citigroup boosted their price target on shares of Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Redburn Atlantic lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Finally, Robert W. Baird increased their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Eight analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $844.52.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST opened at $906.98 on Friday. The company has a market capitalization of $402.10 billion, a price-to-earnings ratio of 56.19, a P/E/G ratio of 5.51 and a beta of 0.80. The firm’s 50 day simple moving average is $864.85 and its 200 day simple moving average is $810.90. 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 fifty-two week low of $540.23 and a fifty-two week high of $923.83.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) 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.