Martin Capital Partners LLC reduced its holdings in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 42.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 492 shares of the retailer’s stock after selling 365 shares during the quarter. Martin Capital Partners LLC’s holdings in Costco Wholesale were worth $265,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the business. High Net Worth Advisory Group LLC grew its holdings in shares of Costco Wholesale by 21.5% during the first quarter. High Net Worth Advisory Group LLC now owns 3,020 shares of the retailer’s stock worth $1,501,000 after buying an additional 534 shares in the last quarter. Welch & Forbes LLC grew its stake in Costco Wholesale by 0.6% in the first quarter. Welch & Forbes LLC now owns 172,597 shares of the retailer’s stock valued at $85,758,000 after purchasing an additional 1,091 shares in the last quarter. Fragasso Group Inc. grew its stake in Costco Wholesale by 12.6% in the second quarter. Fragasso Group Inc. now owns 626 shares of the retailer’s stock valued at $337,000 after purchasing an additional 70 shares in the last quarter. Xponance Inc. grew its stake in Costco Wholesale by 8.6% in the first quarter. Xponance Inc. now owns 105,822 shares of the retailer’s stock valued at $52,580,000 after purchasing an additional 8,371 shares in the last quarter. Finally, Hall Laurie J Trustee grew its stake in Costco Wholesale by 19.2% in the first quarter. Hall Laurie J Trustee now owns 378 shares of the retailer’s stock valued at $188,000 after purchasing an additional 61 shares in the last quarter. 66.31% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Costco Wholesale
In other Costco Wholesale news, Director Susan L. Decker sold 1,565 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total value of $834,145.00. Following the sale, the director now owns 13,329 shares in the company, valued at approximately $7,104,357. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.22% of the company’s stock.
Costco Wholesale Price Performance
COST traded up $3.51 on Friday, reaching $558.59. The stock had a trading volume of 1,527,941 shares, compared to its average volume of 1,365,511. The firm has a 50-day moving average of $553.71 and a 200-day moving average of $522.37. Costco Wholesale Co. has a fifty-two week low of $447.90 and a fifty-two week high of $571.16. The company has a market capitalization of $247.51 billion, a price-to-earnings ratio of 41.38, a price-to-earnings-growth ratio of 4.12 and a beta of 0.79. The company has a current ratio of 1.08, a quick ratio of 0.57 and a debt-to-equity ratio of 0.28.
Costco Wholesale Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were given a $1.02 dividend. The ex-dividend date was Thursday, August 24th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.73%. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.22%.
Analysts Set New Price Targets
A number of research analysts have weighed in on COST shares. Evercore ISI raised their price target on Costco Wholesale from $595.00 to $600.00 and gave the company an “outperform” rating in a research note on Friday, September 8th. Jefferies Financial Group raised 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. VNET Group reaffirmed a “reiterates” rating on shares of Costco Wholesale in a research report on Thursday, June 29th. StockNews.com assumed coverage on Costco Wholesale in a research report on Wednesday, August 23rd. They issued a “hold” rating for the company. Finally, Telsey Advisory Group reissued an “outperform” rating and set a $575.00 price target on shares of Costco Wholesale in a report on Monday, September 18th. Six research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $567.96.
Check Out Our Latest Report on Costco Wholesale
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Costco Wholesale, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Costco Wholesale wasn’t on the list.
While Costco Wholesale currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today’s market? Click the link below and we’ll send you MarketBeat’s list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Source link
credite