Schear Investment Advisers LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST – Free Report) by 5.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,874 shares of the retailer’s stock after purchasing an additional 212 shares during the period. Costco Wholesale makes up 2.2% of Schear Investment Advisers LLC’s holdings, making the stock its 12th biggest holding. Schear Investment Advisers LLC’s holdings in Costco Wholesale were worth $2,086,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. High Net Worth Advisory Group LLC boosted its stake in Costco Wholesale by 21.5% in the first quarter. High Net Worth Advisory Group LLC now owns 3,020 shares of the retailer’s stock valued at $1,501,000 after buying an additional 534 shares in the last quarter. Welch & Forbes LLC boosted 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 buying an additional 1,091 shares in the last quarter. Fragasso Group Inc. boosted 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 buying an additional 70 shares in the last quarter. Xponance Inc. boosted 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 buying an additional 8,371 shares in the last quarter. Finally, Hall Laurie J Trustee boosted 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 buying an additional 61 shares in the last quarter. Institutional investors own 66.31% of the company’s stock.
Wall Street Analyst Weigh In
Several analysts recently weighed in on COST shares. HSBC started coverage on Costco Wholesale in a research note on Friday. They issued a “hold” rating and a $600.00 price objective on the stock. Stifel Nicolaus reissued a “buy” rating and set a $575.00 price target on shares of Costco Wholesale in a research note on Thursday, August 31st. Telsey Advisory Group reissued an “outperform” rating and set a $575.00 price target on shares of Costco Wholesale in a research note on Monday, September 18th. VNET Group reissued a “reiterates” rating on shares of Costco Wholesale in a research note on Thursday, June 29th. 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. Six analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $567.96.
View Our Latest Stock Analysis on Costco Wholesale
Insider Activity
In other news, Director Susan L. Decker sold 1,565 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total transaction of $834,145.00. Following the completion of the sale, the director now owns 13,329 shares in the company, valued at $7,104,357. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.22% of the company’s stock.
Costco Wholesale Trading Down 0.5 %
COST stock traded down $2.96 during mid-day trading on Monday, reaching $555.63. The company’s stock had a trading volume of 272,580 shares, compared to its average volume of 1,776,018. The company has a market cap of $246.20 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 business’s 50 day moving average price is $553.71 and its 200 day moving average price is $522.63. 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 Co. has a 12 month low of $447.90 and a 12 month high of $571.16.
Costco Wholesale Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a $1.02 dividend. The ex-dividend date was Thursday, August 24th. This represents a $4.08 dividend on an annualized basis and a yield of 0.73%. Costco Wholesale’s payout ratio is currently 30.22%.
About Costco Wholesale
(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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Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST – Free Report).
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