BOS Asset Management LLC Sells 32 Shares of Costco Wholesale Co. (NASDAQ:COST)

BOS Asset Management LLC cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 677 shares of the retailer’s stock after selling 32 shares during the period. BOS Asset Management LLC’s holdings in Costco Wholesale were worth $575,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the company. Main Street Financial Solutions LLC increased its position 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 valued at $1,164,000 after purchasing an additional 79 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Costco Wholesale by 15.6% during the 4th quarter. Metis Global Partners LLC now owns 21,514 shares of the retailer’s stock worth $14,201,000 after purchasing an additional 2,909 shares during the period. Zhang Financial LLC grew its holdings in Costco Wholesale by 3.8% during the 1st quarter. Zhang Financial LLC now owns 1,010 shares of the retailer’s stock valued at $740,000 after purchasing an additional 37 shares during the last quarter. Strong Tower Advisory Services raised its position in Costco Wholesale by 7.9% in the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after purchasing an additional 137 shares during the period. Finally, Cary Street Partners Investment Advisory LLC lifted its stake in Costco Wholesale by 6.2% in the fourth quarter. Cary Street Partners Investment Advisory LLC now owns 27,902 shares of the retailer’s stock worth $18,418,000 after purchasing an additional 1,627 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Loop Capital increased their price target on Costco Wholesale from $940.00 to $970.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Bank of America lifted their target price on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Stifel Nicolaus upped their price target on shares of Costco Wholesale from $900.00 to $950.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Argus boosted their price objective on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, Citigroup increased their price objective on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. Eight analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $824.50.

Insider Transactions at Costco Wholesale

In other news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value 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 disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock valued at $4,252,856 over the last ninety days. Insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

NASDAQ COST opened at $892.38 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a twelve month low of $539.31 and a twelve month high of $918.93. The stock has a 50-day moving average of $853.32 and a 200 day moving average of $792.84. The stock has a market capitalization of $395.62 billion, a price-to-earnings ratio of 55.29, a PEG ratio of 5.84 and a beta of 0.78.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings data on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, topping analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The company had revenue of $58.52 billion during the quarter, compared to analysts’ expectations of $58.16 billion. During the same period in the prior year, the business posted $3.43 earnings per share. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Sell-side analysts anticipate that Costco Wholesale Co. will post 15.98 EPS for the current fiscal year.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a $1.16 dividend. The ex-dividend date was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Costco Wholesale Profile

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.