Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Angeles Wealth Management LLC

Angeles Wealth Management LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 8,184 shares of the retailer’s stock after purchasing an additional 258 shares during the quarter. Costco Wholesale comprises approximately 0.7% of Angeles Wealth Management LLC’s holdings, making the stock its 25th largest holding. Angeles Wealth Management LLC’s holdings in Costco Wholesale were worth $6,956,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Carson Advisory Inc. grew its holdings in shares of Costco Wholesale by 4.6% during the 2nd quarter. Carson Advisory Inc. now owns 342 shares of the retailer’s stock worth $291,000 after purchasing an additional 15 shares during the period. MGO One Seven LLC grew its holdings in shares of Costco Wholesale by 36.2% during the 2nd quarter. MGO One Seven LLC now owns 12,393 shares of the retailer’s stock worth $10,534,000 after purchasing an additional 3,292 shares during the period. AMJ Financial Wealth Management grew its holdings in shares of Costco Wholesale by 1.1% during the 2nd quarter. AMJ Financial Wealth Management now owns 9,196 shares of the retailer’s stock worth $7,817,000 after purchasing an additional 101 shares during the period. Steigerwald Gordon & Koch Inc. grew its holdings in shares of Costco Wholesale by 1.7% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 1,465 shares of the retailer’s stock worth $1,245,000 after purchasing an additional 25 shares during the period. Finally, Coldstream Capital Management Inc. grew its holdings in shares of Costco Wholesale by 0.7% during the 2nd quarter. Coldstream Capital Management Inc. now owns 21,297 shares of the retailer’s stock worth $18,102,000 after purchasing an additional 158 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 0.2 %

Shares of NASDAQ COST opened at $894.29 on Wednesday. The stock’s 50 day moving average price is $859.16 and its two-hundred day moving average price is $802.98. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $918.93. The stock has a market capitalization of $396.47 billion, a P/E ratio of 55.41, a PEG ratio of 5.33 and a beta of 0.80. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s payout ratio is currently 28.75%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on COST shares. TD Cowen boosted their target price on Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $925.00 price objective on shares of Costco Wholesale in a research note on Friday, September 6th. Robert W. Baird upped 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 lifted their price target on shares of Costco Wholesale from $970.00 to $975.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Roth Mkm reissued a “neutral” rating and issued a $676.00 price objective (up from $650.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Eight research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $844.52.

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Daniel M. Hines sold 1,500 shares of the 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 sale, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the sale, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $4,252,856 over the last quarter. 0.18% of the stock is owned by corporate insiders.

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.