Costco Wholesale Co. (NASDAQ:COST) Shares Sold by STF Management LP

STF Management LP reduced its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,051 shares of the retailer’s stock after selling 346 shares during the period. Costco Wholesale comprises 2.5% of STF Management LP’s investment portfolio, making the stock its 9th largest holding. STF Management LP’s holdings in Costco Wholesale were worth $5,993,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in COST. Zhang Financial LLC lifted its stake in shares of Costco Wholesale by 3.8% in the first quarter. Zhang Financial LLC now owns 1,010 shares of the retailer’s stock worth $740,000 after acquiring an additional 37 shares during the period. Strong Tower Advisory Services lifted its holdings in Costco Wholesale by 7.9% in the first quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock valued at $1,346,000 after buying an additional 137 shares during the period. Aigen Investment Management LP bought a new stake in Costco Wholesale during the fourth quarter valued at $3,871,000. Main Street Financial Solutions LLC raised its position in shares of Costco Wholesale by 22.8% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,533 shares of the retailer’s stock worth $3,003,000 after acquiring an additional 656 shares in the last quarter. Finally, Parcion Private Wealth LLC boosted its position in shares of Costco Wholesale by 30.8% during the 2nd quarter. Parcion Private Wealth LLC now owns 5,596 shares of the retailer’s stock valued at $4,757,000 after purchasing an additional 1,319 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction 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 owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the transaction, the executive vice president now directly owns 23,800 shares in the company, valued at approximately $20,560,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the 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 completion of the sale, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,974 shares of company stock worth $4,252,856. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price target on Costco Wholesale from $910.00 to $915.00 and gave the stock a “buy” rating in a report on Friday, September 6th. TD Cowen upped their price objective on shares of Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a report on Friday, July 12th. DA Davidson reaffirmed a “neutral” rating and set a $780.00 price target on shares of Costco Wholesale in a research note on Friday, September 6th. Telsey Advisory Group reissued an “outperform” rating and issued a $925.00 price objective on shares of Costco Wholesale in a research note on Friday, September 6th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Eight equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Costco Wholesale presently has an average rating of “Moderate Buy” and an average target price of $844.52.

Costco Wholesale Price Performance

NASDAQ COST opened at $916.00 on Monday. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The company has a market cap of $406.09 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 5.47 and a beta of 0.80. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83. The firm’s 50-day simple moving average is $861.57 and its two-hundred day simple moving average is $806.45.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.51%. The ex-dividend date was Friday, July 26th. 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.