Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Commonwealth Retirement Investments LLC

Commonwealth Retirement Investments LLC trimmed its holdings in Costco Wholesale Co. (NASDAQ:COST) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,082 shares of the retailer’s stock after selling 47 shares during the quarter. Costco Wholesale comprises 2.0% of Commonwealth Retirement Investments LLC’s portfolio, making the stock its 16th largest holding. Commonwealth Retirement Investments LLC’s holdings in Costco Wholesale were worth $4,320,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in COST. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale during the fourth quarter valued at $26,000. Redmont Wealth Advisors LLC bought a new position in Costco Wholesale in the 1st quarter valued at about $32,000. Vima LLC acquired a new position in Costco Wholesale during the 4th quarter valued at about $34,000. DSM Capital Partners LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth about $36,000. Finally, Financial Connections Group Inc. lifted its stake in shares of Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares during the period. 68.48% of the stock is currently owned by institutional investors and hedge funds.

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 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 transaction, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction 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 sale, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated 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 transaction, the director now directly owns 5,920 shares in the company, valued at $5,041,057.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,974 shares of company stock worth $4,252,856. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $875.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Evercore ISI lifted their price target on Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday. Deutsche Bank Aktiengesellschaft upped their price objective on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Citigroup lifted their target price on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Finally, Tigress Financial boosted their price target on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average target price of $828.73.

Costco Wholesale Trading Down 1.0 %

Shares of NASDAQ COST opened at $876.68 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $918.93. The business has a 50-day moving average price of $857.45 and a two-hundred day moving average price of $799.68. The firm has a market capitalization of $388.66 billion, a PE ratio of 54.32, a PEG ratio of 5.98 and a beta of 0.80.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.53%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s payout ratio is presently 28.75%.

Costco Wholesale 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.