Fortis Capital Advisors LLC Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Fortis Capital Advisors LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 11.4% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,367 shares of the retailer’s stock after acquiring an additional 448 shares during the quarter. Costco Wholesale comprises about 1.3% of Fortis Capital Advisors LLC’s holdings, making the stock its 12th largest holding. Fortis Capital Advisors LLC’s holdings in Costco Wholesale were worth $3,712,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Frank Rimerman Advisors LLC purchased a new position in shares of Costco Wholesale in the fourth quarter valued at $26,000. Redmont Wealth Advisors LLC acquired a new position in Costco Wholesale in the 1st quarter worth $32,000. Financial Connections Group Inc. boosted its position in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Vima LLC purchased a new position in Costco Wholesale in the 4th quarter valued at about $34,000. Finally, DSM Capital Partners LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,974 shares of company stock worth $4,252,856. 0.18% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on COST. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a report on Thursday, August 8th. Robert W. Baird raised their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Bank of America boosted their target price on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Stifel Nicolaus upped their target price on shares of Costco Wholesale from $900.00 to $950.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. Eight equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $824.50.

Costco Wholesale Stock Down 1.5 %

Costco Wholesale stock opened at $878.57 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. Costco Wholesale Co. has a one year low of $540.18 and a one year high of $918.93. The company has a 50-day simple moving average of $855.55 and a 200-day simple moving average of $797.36. The firm has a market capitalization of $389.50 billion, a P/E ratio of 54.43, a P/E/G ratio of 5.98 and a beta of 0.78.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.53%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

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.