Insight Advisors LLC PA Has $2.58 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Insight Advisors LLC PA increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,030 shares of the retailer’s stock after purchasing an additional 37 shares during the period. Insight Advisors LLC PA’s holdings in Costco Wholesale were worth $2,576,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Frank Rimerman Advisors LLC bought a new position in Costco Wholesale in the fourth quarter valued at approximately $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the 1st quarter valued at about $32,000. Wetzel Investment Advisors Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $30,000. Vima LLC acquired a new stake in Costco Wholesale in the 4th quarter valued at about $34,000. Finally, DSM Capital Partners LLC bought a new position in Costco Wholesale during the fourth quarter worth about $36,000. 68.48% of the stock is owned by institutional investors.

Insider Buying and Selling at Costco Wholesale

In other news, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of 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 document filed with the SEC, which is accessible through this link. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $848.53, for a total transaction of $1,272,795.00. Following the completion of the transaction, the insider now owns 10,992 shares in the company, valued at approximately $9,327,041.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, 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. Over the last ninety days, insiders sold 3,350 shares of company stock valued at $2,837,131. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on COST shares. Roth Mkm reiterated a “neutral” rating and set a $676.00 target price (up from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Citigroup lifted their target price on shares of Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Wells Fargo & Company raised their price objective on shares of Costco Wholesale from $775.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Argus upped their target price on Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a report on Sunday, June 2nd. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $824.50.

Costco Wholesale Trading Up 0.1 %

NASDAQ COST traded up $0.83 during mid-day trading on Tuesday, reaching $864.40. 780,623 shares of the stock were exchanged, compared to its average volume of 1,990,603. The stock has a market cap of $383.21 billion, a P/E ratio of 53.12, a P/E/G ratio of 5.49 and a beta of 0.78. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. Costco Wholesale Co. has a one year low of $530.56 and a one year high of $896.67. The stock has a 50 day simple moving average of $845.93 and a 200-day simple moving average of $778.24.

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 the consensus estimate of $3.70 by $0.08. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The firm had revenue of $58.52 billion during the quarter, compared to analyst estimates of $58.16 billion. During the same period last year, the company posted $3.43 EPS. The business’s quarterly revenue was up 9.1% on a year-over-year basis. On average, analysts anticipate that Costco Wholesale Co. will post 15.97 EPS for the current year.

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 issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a yield of 0.54%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s payout ratio is 28.75%.

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, 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.