Steel Grove Capital Advisors LLC Has $869,000 Stake in Costco Wholesale Co. (NASDAQ:COST)

Steel Grove Capital Advisors LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 9.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,022 shares of the retailer’s stock after purchasing an additional 87 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Costco Wholesale were worth $869,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in COST. Gilbert & Cook Inc. grew its holdings in shares of Costco Wholesale by 57.3% during the fourth quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock valued at $413,000 after buying an additional 228 shares during the last quarter. Aveo Capital Partners LLC grew its holdings in shares of Costco Wholesale by 14.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock valued at $703,000 after buying an additional 135 shares during the last quarter. Gryphon Financial Partners LLC grew its holdings in shares of Costco Wholesale by 62.6% during the fourth quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock valued at $2,184,000 after buying an additional 1,274 shares during the last quarter. TrinityPoint Wealth LLC boosted its holdings in Costco Wholesale by 15.5% during 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, DSM Capital Partners LLC purchased a new position in Costco Wholesale during the fourth quarter worth about $36,000. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were 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 approximately $20,015,745. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction 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 completion of the sale, the director now owns 11,775 shares of the company’s stock, valued at approximately $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 on Thursday, August 15th. The shares were 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 approximately $20,015,745. The disclosure for this sale can be found here. Insiders sold a total of 4,974 shares of company stock valued at $4,252,856 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on COST. BMO Capital Markets boosted their price target on shares of Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a report on Monday, August 12th. Bank of America lifted their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Citigroup lifted their price objective on shares of Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a research report on Friday, May 31st. Loop Capital lifted their price objective on shares of Costco Wholesale from $970.00 to $975.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $676.00 price objective (up previously from $650.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $853.92.

Costco Wholesale Price Performance

COST stock opened at $906.98 on Monday. 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 one year low of $540.23 and a one year high of $923.83. The stock has a market cap of $402.10 billion, a PE ratio of 56.19, a P/E/G ratio of 5.51 and a beta of 0.80. The firm has a 50 day simple moving average of $864.85 and a two-hundred day simple moving average of $811.52.

Costco Wholesale Announces Dividend

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

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.