IMS Capital Management Has $647,000 Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

IMS Capital Management lessened its holdings in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 3.6% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,350 shares of the retailer’s stock after selling 50 shares during the period. IMS Capital Management’s holdings in Costco Wholesale were worth $647,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Private Advisor Group LLC grew its stake in Costco Wholesale by 4.1% during the second quarter. Private Advisor Group LLC now owns 53,994 shares of the retailer’s stock worth $25,878,000 after buying an additional 2,141 shares during the last quarter. Gateway Investment Advisers LLC grew its stake in Costco Wholesale by 8.5% during the second quarter. Gateway Investment Advisers LLC now owns 152,888 shares of the retailer’s stock worth $73,276,000 after buying an additional 11,990 shares during the last quarter. Allied Investment Advisors LLC grew its stake in Costco Wholesale by 8.2% during the second quarter. Allied Investment Advisors LLC now owns 525 shares of the retailer’s stock worth $252,000 after buying an additional 40 shares during the last quarter. Lee Johnson Capital Management LLC grew its stake in Costco Wholesale by 6.7% during the second quarter. Lee Johnson Capital Management LLC now owns 3,774 shares of the retailer’s stock worth $1,809,000 after buying an additional 237 shares during the last quarter. Finally, Guardian Financial Partners LLC grew its stake in Costco Wholesale by 12.5% during the second quarter. Guardian Financial Partners LLC now owns 1,128 shares of the retailer’s stock worth $541,000 after buying an additional 125 shares during the last quarter. Institutional investors and hedge funds own 66.83% of the company’s stock.

Insiders Place Their Bets

In related news, VP James P. Murphy sold 1,500 shares of the firm’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total transaction of $787,800.00. Following the sale, the vice president now directly owns 36,230 shares in the company, valued at $19,027,996. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CFO Richard A. Galanti sold 1,000 shares of the firm’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $505.60, for a total value of $505,600.00. Following the completion of the transaction, the chief financial officer now owns 25,750 shares of the company’s stock, valued at $13,019,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP James P. Murphy sold 1,500 shares of Costco Wholesale stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total transaction 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 2,800 shares of company stock worth $1,449,904. Company insiders own 0.22% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on COST. BMO Capital Markets reaffirmed a “buy” rating and set a $580.00 price objective on shares of Costco Wholesale in a research note on Monday, May 30th. Robert W. Baird reaffirmed an “outperform” rating and set a $575.00 price objective on shares of Costco Wholesale in a research note on Friday, September 2nd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Costco Wholesale from $579.00 to $581.00 and gave the company a “buy” rating in a research note on Wednesday. Loop Capital decreased their price target on shares of Costco Wholesale from $610.00 to $585.00 in a research note on Thursday, September 1st. Finally, The Goldman Sachs Group increased their price target on shares of Costco Wholesale from $516.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Four analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $575.36.

Costco Wholesale Trading Down 1.2 %

COST opened at $487.17 on Friday. The firm’s fifty day moving average is $529.73 and its two-hundred day moving average is $519.85. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04. The firm has a market cap of $215.80 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 3.72 and a beta of 0.70. Costco Wholesale Co. has a twelve month low of $406.51 and a twelve month high of $612.27.

Costco Wholesale Cuts Dividend

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

Costco Wholesale 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.

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

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