Arlington Financial Advisors LLC reduced its holdings in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 2.2% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 9,915 shares of the retailer’s stock after selling 218 shares during the period. Costco Wholesale accounts for about 1.8% of Arlington Financial Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Arlington Financial Advisors LLC’s holdings in Costco Wholesale were worth $8,428,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Costco Wholesale by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 40,833,870 shares of the retailer’s stock worth $29,916,118,000 after purchasing an additional 473,702 shares during the last quarter. Norges Bank purchased a new stake in Costco Wholesale during the 4th quarter worth about $3,628,694,000. Capital World Investors boosted its position in shares of Costco Wholesale by 8.1% during the 1st quarter. Capital World Investors now owns 3,824,778 shares of the retailer’s stock worth $2,802,147,000 after acquiring an additional 285,533 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of Costco Wholesale by 3.2% in the 4th quarter. Fisher Asset Management LLC now owns 2,794,480 shares of the retailer’s stock valued at $1,844,581,000 after acquiring an additional 85,398 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Costco Wholesale by 3.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,657,994 shares of the retailer’s stock valued at $1,754,489,000 after acquiring an additional 77,345 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors and hedge funds.
Costco Wholesale Stock Up 1.7 %
NASDAQ:COST traded up $14.64 on Thursday, reaching $877.35. The stock had a trading volume of 1,921,167 shares, compared to its average volume of 1,990,293. Costco Wholesale Co. has a 12-month low of $530.56 and a 12-month high of $896.67. The stock has a market cap of $388.96 billion, a P/E ratio of 54.36, a price-to-earnings-growth ratio of 5.73 and a beta of 0.78. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $847.25 and a 200 day moving average of $780.08.
Costco Wholesale Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. Costco Wholesale’s payout ratio is 28.75%.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on COST. Stifel Nicolaus upped their price target on Costco Wholesale from $900.00 to $950.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Loop Capital increased their target price on shares of Costco Wholesale from $940.00 to $970.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a research report on Thursday, July 11th. Argus raised their price objective on Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, TD Cowen boosted their target price on Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a report on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $824.50.
Check Out Our Latest Report on Costco Wholesale
Insiders Place Their Bets
In other news, Director Kenneth D. Denman sold 350 shares of the business’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 completion of the sale, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $848.53, for a total transaction of $1,272,795.00. Following the completion of the transaction, the insider now directly owns 10,992 shares of the company’s stock, valued at $9,327,041.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the 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 sale, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The disclosure for this sale can be found here. Insiders have sold a total of 3,350 shares of company stock valued at $2,837,131 in the last quarter. Insiders own 0.18% of the company’s stock.
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, 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.
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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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