Costco Wholesale Co. (NASDAQ:COST) Stock Position Decreased by L & S Advisors Inc

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L & S Advisors Inc lessened its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 13,022 shares of the retailer’s stock after selling 409 shares during the quarter. L & S Advisors Inc’s holdings in Costco Wholesale were worth $3,441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the stock. Krane Funds Advisors LLC acquired a new stake in shares of Costco Wholesale in the 2nd quarter worth approximately $26,000. Massey Quick Simon & CO. LLC acquired a new stake in Costco Wholesale during the second quarter valued at approximately $27,000. Thor Advisors LLC acquired a new stake in Costco Wholesale during the first quarter valued at approximately $35,000. JNBA Financial Advisors lifted its stake in Costco Wholesale by 484.6% during the first quarter. JNBA Financial Advisors now owns 152 shares of the retailer’s stock valued at $37,000 after purchasing an additional 126 shares during the last quarter. Finally, Canton Hathaway LLC lifted its position in shares of Costco Wholesale by 41.0% in the 2nd quarter. Canton Hathaway LLC now owns 141 shares of the retailer’s stock valued at $37,000 after acquiring an additional 41 shares in the last quarter. 71.14% of the stock is owned by institutional investors and hedge funds.

In other Costco Wholesale news, CFO Richard A. Galanti sold 3,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $266.39, for a total value of $799,170.00. Following the transaction, the chief financial officer now owns 27,582 shares in the company, valued at approximately $7,347,568.98. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP James P. Murphy sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $265.85, for a total transaction of $2,658,500.00. Following the completion of the transaction, the vice president now owns 45,100 shares in the company, valued at approximately $11,989,835. The disclosure for this sale can be found here. In the last quarter, insiders sold 18,346 shares of company stock worth $4,888,035. Company insiders own 0.21% of the company’s stock.

COST has been the subject of several research analyst reports. Telsey Advisory Group set a $305.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Royal Bank of Canada set a $321.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a research report on Friday, September 6th. Oppenheimer downgraded shares of Costco Wholesale from an “outperform” rating to a “market perform” rating and upped their price target for the company from $295.00 to $300.00 in a research report on Wednesday. Goldman Sachs Group initiated coverage on shares of Costco Wholesale in a research report on Thursday, July 11th. They issued a “buy” rating and a $290.00 price target for the company. Finally, Deutsche Bank set a $252.00 price target on shares of Costco Wholesale and gave the company a “hold” rating in a research report on Monday, July 15th. Nine research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $283.72.

Costco Wholesale stock traded up $0.08 during trading hours on Friday, hitting $289.97. The company had a trading volume of 22,000 shares, compared to its average volume of 2,208,972. The firm has a market capitalization of $130.62 billion, a P/E ratio of 42.46, a price-to-earnings-growth ratio of 3.94 and a beta of 0.93. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.98 and a quick ratio of 0.48. The firm’s fifty day moving average is $281.96 and its 200-day moving average is $256.87. Costco Wholesale Co. has a fifty-two week low of $189.51 and a fifty-two week high of $307.34.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be paid a $0.65 dividend. The ex-dividend date is Thursday, August 29th. This represents a $2.60 annualized dividend and a yield of 0.90%. Costco Wholesale’s dividend payout ratio is presently 38.07%.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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