Linden Thomas Advisory Services LLC boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 63.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,207 shares of the retailer’s stock after buying an additional 467 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Costco Wholesale were worth $600,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Gerber Kawasaki Wealth & Investment Management lifted its holdings in shares of Costco Wholesale by 0.8% in the 3rd quarter. Gerber Kawasaki Wealth & Investment Management now owns 2,511 shares of the retailer’s stock valued at $1,185,000 after buying an additional 20 shares during the period. Essex LLC lifted its holdings in shares of Costco Wholesale by 1.9% in the 4th quarter. Essex LLC now owns 1,071 shares of the retailer’s stock valued at $489,000 after buying an additional 20 shares during the period. MU Investments Co. Ltd. lifted its holdings in shares of Costco Wholesale by 0.3% in the 4th quarter. MU Investments Co. Ltd. now owns 6,950 shares of the retailer’s stock valued at $3,173,000 after buying an additional 20 shares during the period. Carl P. Sherr & Co. LLC lifted its holdings in shares of Costco Wholesale by 0.6% in the 4th quarter. Carl P. Sherr & Co. LLC now owns 3,555 shares of the retailer’s stock valued at $1,623,000 after buying an additional 20 shares during the period. Finally, Omega Financial Group LLC lifted its holdings in shares of Costco Wholesale by 4.0% in the 4th quarter. Omega Financial Group LLC now owns 525 shares of the retailer’s stock valued at $231,000 after buying an additional 20 shares during the period. Institutional investors own 76.88% of the company’s stock.
Costco Wholesale Stock Up 0.4 %
Costco Wholesale stock opened at $527.01 on Tuesday. Costco Wholesale Co. has a 1-year low of $447.90 and a 1-year high of $564.75. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.08 and a quick ratio of 0.57. The stock has a market cap of $233.52 billion, a PE ratio of 39.04, a P/E/G ratio of 4.39 and a beta of 0.79. The stock’s fifty day moving average is $513.20 and its two-hundred day moving average is $497.94.
Costco Wholesale Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, May 19th. Stockholders of record on Friday, May 5th were given a dividend of $1.02 per share. The ex-dividend date of this dividend was Thursday, May 4th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.77%. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.90. Costco Wholesale’s payout ratio is 30.22%.
Insider Transactions at Costco Wholesale
In other news, Director Susan L. Decker sold 1,565 shares of Costco Wholesale stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total transaction of $834,145.00. Following the sale, the director now owns 13,329 shares in the company, valued at $7,104,357. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Richard A. Galanti sold 1,500 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $522.02, for a total value of $783,030.00. Following the transaction, the chief financial officer now owns 23,850 shares in the company, valued at approximately $12,450,177. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 1,565 shares of the business’s stock in a transaction dated Wednesday, June 28th. The shares were 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 owns 13,329 shares in the company, valued at approximately $7,104,357. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price objective on Costco Wholesale from $575.00 to $574.00 in a report on Thursday, April 6th. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a report on Monday. William Blair began coverage on Costco Wholesale in a report on Wednesday, April 12th. They issued an “outperform” rating for the company. TheStreet raised Costco Wholesale from a “c” rating to a “b” rating in a report on Thursday, March 23rd. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $540.00 price target on shares of Costco Wholesale in a report on Thursday, April 6th. Four equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $549.32.
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, 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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