Costco Wholesale Co. (NASDAQ:COST) Holdings Decreased by McBroom & Associates LLC

McBroom & Associates LLC reduced its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,444 shares of the retailer’s stock after selling 59 shares during the period. Costco Wholesale comprises about 6.1% of McBroom & Associates LLC’s holdings, making the stock its 2nd largest holding. McBroom & Associates LLC’s holdings in Costco Wholesale were worth $9,727,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Main Street Financial Solutions LLC raised its stake in shares of Costco Wholesale by 4.7% during the 4th quarter. Main Street Financial Solutions LLC now owns 1,763 shares of the retailer’s stock worth $1,164,000 after purchasing an additional 79 shares in the last quarter. Zhang Financial LLC increased its stake in shares of Costco Wholesale by 3.8% during the 1st quarter. Zhang Financial LLC now owns 1,010 shares of the retailer’s stock worth $740,000 after purchasing an additional 37 shares during the last quarter. Strong Tower Advisory Services lifted its stake 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 purchasing an additional 137 shares during the last quarter. Aigen Investment Management LP bought a new stake in Costco Wholesale in the fourth quarter worth $3,871,000. Finally, Strait & Sound Wealth Management LLC increased its position in Costco Wholesale by 21.0% during the fourth quarter. Strait & Sound Wealth Management LLC now owns 5,930 shares of the retailer’s stock worth $4,057,000 after buying an additional 1,028 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction dated 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 directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the company’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 value of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. 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 over the last three months. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Costco Wholesale from $775.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Oppenheimer increased their target price on Costco Wholesale from $925.00 to $955.00 and gave the company an “outperform” rating in a research note on Friday. Roth Mkm reaffirmed a “neutral” rating and issued a $676.00 price target (up from $650.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Morgan Stanley increased their price objective on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a research report on Thursday, August 8th. Seven research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average target price of $842.77.

Costco Wholesale Stock Up 0.4 %

Shares of NASDAQ COST opened at $880.00 on Monday. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $918.93. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The stock has a market cap of $390.13 billion, a P/E ratio of 54.32, a P/E/G ratio of 5.33 and a beta of 0.80. The firm has a 50 day moving average price of $857.45 and a 200 day moving average price of $800.74.

Costco Wholesale Announces Dividend

The company 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. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio is 28.75%.

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.