Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Flynn Zito Capital Management LLC

Flynn Zito Capital Management LLC grew its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 12.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 958 shares of the retailer’s stock after acquiring an additional 104 shares during the quarter. Flynn Zito Capital Management LLC’s holdings in Costco Wholesale were worth $814,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. lifted its stake in shares of Costco Wholesale by 57.3% in the 4th quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock worth $413,000 after acquiring an additional 228 shares during the period. Aveo Capital Partners LLC lifted its holdings in shares of Costco Wholesale by 14.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock valued at $703,000 after purchasing an additional 135 shares during the last quarter. Gryphon Financial Partners LLC boosted its position in shares of Costco Wholesale by 62.6% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock valued at $2,184,000 after purchasing an additional 1,274 shares during the period. Lebenthal Global Advisors LLC purchased a new position in Costco Wholesale in the 4th quarter worth about $501,000. Finally, Calton & Associates Inc. acquired a new stake in Costco Wholesale during the 4th quarter worth about $352,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Transactions at Costco Wholesale

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

Analyst Upgrades and Downgrades

Several research analysts have commented on COST shares. Barclays raised their target price on shares of Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday. Robert W. Baird boosted their target price on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Loop Capital increased their target price on Costco Wholesale from $970.00 to $975.00 and gave the company a “buy” rating in a report on Friday. Finally, TD Cowen lifted their price target on Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a report on Friday, July 12th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $828.73.

Costco Wholesale Stock Down 1.0 %

COST stock opened at $876.68 on Friday. The firm has a market cap of $388.66 billion, a PE ratio of 54.32, a PEG ratio of 5.98 and a beta of 0.80. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $918.93. The company has a fifty day simple moving average of $857.45 and a 200 day simple moving average of $799.68. 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 Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.53%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

About Costco Wholesale

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.