Cibc World Market Inc. Has $319.47 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Cibc World Market Inc. decreased its stake in Costco Wholesale Co. (NASDAQ:COST) by 8.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 375,846 shares of the retailer’s stock after selling 32,911 shares during the period. Costco Wholesale comprises about 0.7% of Cibc World Market Inc.’s holdings, making the stock its 29th largest holding. Cibc World Market Inc. owned about 0.08% of Costco Wholesale worth $319,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in COST. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $26,000. Redmont Wealth Advisors LLC bought a new stake in Costco Wholesale during the 1st quarter worth approximately $32,000. Vima LLC bought a new stake in Costco Wholesale during the 4th quarter worth approximately $34,000. DSM Capital Partners LLC acquired a new position in Costco Wholesale in the 4th quarter valued at approximately $36,000. Finally, Financial Connections Group Inc. raised its stake in shares of Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after acquiring an additional 39 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Stock Up 0.7 %

Costco Wholesale stock opened at $900.40 on Thursday. The firm has a market capitalization of $399.18 billion, a price-to-earnings ratio of 55.79, a price-to-earnings-growth ratio of 5.33 and a beta of 0.80. The firm’s fifty day moving average price is $859.92 and its two-hundred day moving average price is $803.66. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $918.93. 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 Dividend Announcement

The business also recently declared 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. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Insiders Place Their Bets

In other news, Director Kenneth D. Denman sold 350 shares of the firm’s 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 transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were 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 of the company’s stock, valued at approximately $10,320,787.50. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The disclosure for this sale can be found here. In the last ninety days, insiders sold 4,974 shares of company stock valued at $4,252,856. Corporate insiders own 0.18% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Morgan Stanley increased their price target on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research note on Monday. Roth Mkm reaffirmed a “neutral” rating and issued a $676.00 price objective (up from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Evercore ISI increased their target price on shares of Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Finally, Tigress Financial boosted their price target on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Eight research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $844.52.

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.