Sage Capital Advisors llc Purchases 738 Shares of Costco Wholesale Co. (NASDAQ:COST)

Sage Capital Advisors llc grew its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.8% during the second quarter, HoldingsChannel reports. The institutional investor owned 8,275 shares of the retailer’s stock after purchasing an additional 738 shares during the period. Costco Wholesale comprises 1.6% of Sage Capital Advisors llc’s investment portfolio, making the stock its 21st largest position. Sage Capital Advisors llc’s holdings in Costco Wholesale were worth $4,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in COST. Aspire Private Capital LLC purchased a new position in Costco Wholesale in the 1st quarter worth about $20,406,948,000. Mach 1 Financial Group LLC purchased a new position in shares of Costco Wholesale during the first quarter valued at approximately $22,359,000. Sanctuary Wealth Management L.L.C. purchased a new stake in Costco Wholesale in the fourth quarter worth approximately $26,000. 25 LLC purchased a new stake in Costco Wholesale in the first quarter worth approximately $44,000. Finally, Guardian Wealth Advisors LLC purchased a new position in shares of Costco Wholesale in the 1st quarter worth $47,000. Institutional investors own 66.31% of the company’s stock.

Insider Transactions at Costco Wholesale

In related news, Director Susan L. Decker sold 1,565 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total value of $834,145.00. Following the completion of the sale, the director now owns 13,329 shares in the company, valued at $7,104,357. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.22% of the company’s stock.

Costco Wholesale Trading Down 0.5 %

Costco Wholesale stock traded down $2.72 during midday trading on Tuesday, reaching $560.00. The stock had a trading volume of 231,881 shares, compared to its average volume of 1,783,892. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 0.28. The firm has a market cap of $248.14 billion, a price-to-earnings ratio of 41.68, a price-to-earnings-growth ratio of 4.11 and a beta of 0.79. Costco Wholesale Co. has a 52-week low of $447.90 and a 52-week high of $571.16. The company has a fifty day moving average of $551.21 and a 200 day moving average of $519.89.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 24th. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.22%.

Analyst Upgrades and Downgrades

COST has been the subject of a number of research reports. UBS Group upped their price objective on Costco Wholesale from $560.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, August 3rd. StockNews.com started coverage on shares of Costco Wholesale in a report on Wednesday, August 23rd. They set a “hold” rating for the company. Jefferies Financial Group lifted their price target on shares of Costco Wholesale from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. Telsey Advisory Group reiterated an “outperform” rating and set a $575.00 target price on shares of Costco Wholesale in a research report on Monday. Finally, Truist Financial raised their price objective on Costco Wholesale from $567.00 to $597.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $566.63.

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, 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.