Allied Investment Advisors LLC Has $252,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Allied Investment Advisors LLC grew its position in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 8.2% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 525 shares of the retailer’s stock after acquiring an additional 40 shares during the period. Allied Investment Advisors LLC’s holdings in Costco Wholesale were worth $252,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Contravisory Investment Management Inc. bought a new stake in shares of Costco Wholesale in the first quarter valued at about $26,000. Comprehensive Financial Consultants Institutional Inc. bought a new stake in Costco Wholesale in the 4th quarter valued at approximately $30,000. Mystic Asset Management Inc. acquired a new position in Costco Wholesale during the 4th quarter worth approximately $40,000. Lansing Street Advisors bought a new position in shares of Costco Wholesale during the 1st quarter worth approximately $41,000. Finally, Cordant Inc. acquired a new stake in shares of Costco Wholesale in the first quarter valued at approximately $47,000. Institutional investors and hedge funds own 66.83% of the company’s stock.

Insider Buying and Selling

In other Costco Wholesale news, VP James P. Murphy sold 1,500 shares of Costco Wholesale stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total value of $787,800.00. Following the completion of the transaction, the vice president now directly owns 36,230 shares of the company’s stock, valued at approximately $19,027,996. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Costco Wholesale news, VP James P. Murphy sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total value of $787,800.00. Following the transaction, the vice president now directly owns 36,230 shares of the company’s stock, valued at approximately $19,027,996. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kenneth D. Denman sold 300 shares of the company’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $521.68, for a total transaction of $156,504.00. Following the sale, the director now directly owns 5,197 shares of the company’s stock, valued at approximately $2,711,170.96. The disclosure for this sale can be found here. Insiders have sold 2,800 shares of company stock valued at $1,449,904 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Costco Wholesale Stock Performance

NASDAQ COST opened at $487.17 on Friday. The firm has a 50-day moving average price of $529.73 and a two-hundred day moving average price of $519.85. Costco Wholesale Co. has a 12-month low of $406.51 and a 12-month high of $612.27. The company has a market capitalization of $215.80 billion, a P/E ratio of 38.36, a P/E/G ratio of 3.72 and a beta of 0.70. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32.

Costco Wholesale Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.07%. The ex-dividend date of this dividend was Thursday, July 28th. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.35%.

Analyst Upgrades and Downgrades

COST has been the subject of several recent research reports. Truist Financial increased their target price on shares of Costco Wholesale from $543.00 to $571.00 in a report on Thursday, August 4th. Telsey Advisory Group decreased their price objective on Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating for the company in a report on Friday, May 27th. Oppenheimer upped their target price on Costco Wholesale from $535.00 to $600.00 in a report on Thursday, August 4th. Credit Suisse Group lowered their price target on Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating on the stock in a research report on Friday, May 27th. Finally, Raymond James increased their price objective on Costco Wholesale from $560.00 to $600.00 and gave the company an “outperform” rating in a report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and twenty-two have issued 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 target price of $575.36.

Costco Wholesale Company Profile

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

See Also

Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COSTGet Rating).

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

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