Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by RDA Financial Network

RDA Financial Network boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 430.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,251 shares of the retailer’s stock after acquiring an additional 1,827 shares during the quarter. RDA Financial Network’s holdings in Costco Wholesale were worth $1,212,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Aspire Private Capital LLC acquired a new stake in Costco Wholesale during the 1st quarter worth approximately $20,406,948,000. Mach 1 Financial Group LLC acquired a new stake in Costco Wholesale during the 1st quarter worth approximately $22,359,000. Sanctuary Wealth Management L.L.C. acquired a new stake in Costco Wholesale during the 4th quarter worth approximately $26,000. 25 LLC acquired a new stake in Costco Wholesale during the 1st quarter worth approximately $44,000. Finally, Guardian Wealth Advisors LLC acquired a new stake in Costco Wholesale during the 1st quarter worth approximately $47,000. 66.31% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Wells Fargo & Company increased their price objective on Costco Wholesale from $475.00 to $510.00 in a research report on Thursday, August 3rd. VNET Group restated a “reiterates” rating on shares of Costco Wholesale in a research note on Thursday, June 29th. Telsey Advisory Group restated an “outperform” rating and issued a $575.00 price target on shares of Costco Wholesale in a research note on Monday. Jefferies Financial Group lifted their price target on Costco Wholesale from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Oppenheimer lifted their price target on Costco Wholesale from $575.00 to $630.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $566.63.

Check Out Our Latest Stock Report on COST

Costco Wholesale Stock Performance

NASDAQ COST opened at $564.35 on Wednesday. Costco Wholesale Co. has a fifty-two week low of $447.90 and a fifty-two week high of $571.16. The stock has a market cap of $250.06 billion, a price-to-earnings ratio of 41.80, a price-to-earnings-growth ratio of 4.15 and a beta of 0.79. The business has a fifty day moving average of $552.62 and a 200-day moving average of $521.06. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 0.28.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were issued a $1.02 dividend. The ex-dividend date of this dividend was Thursday, August 24th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.72%. Costco Wholesale’s dividend payout ratio (DPR) is 30.22%.

Insider Transactions at Costco Wholesale

In other news, Director Susan L. Decker sold 1,565 shares of the business’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total value of $834,145.00. Following the completion of the transaction, the director now directly owns 13,329 shares of the company’s stock, valued at $7,104,357. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

Costco Wholesale Profile

(Free Report)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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