OV Management LLC Raises Holdings in Costco Wholesale Co. (NASDAQ:COST)

OV Management LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,129 shares of the retailer’s stock after purchasing an additional 29 shares during the period. Costco Wholesale makes up about 1.3% of OV Management LLC’s holdings, making the stock its 22nd largest holding. OV Management LLC’s holdings in Costco Wholesale were worth $1,810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. boosted its holdings in Costco Wholesale by 57.3% in the 4th quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock valued at $413,000 after purchasing an additional 228 shares during the last quarter. Aveo Capital Partners LLC raised its position in shares of Costco Wholesale by 14.5% during the 4th quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock valued at $703,000 after buying an additional 135 shares during the period. Gryphon Financial Partners LLC lifted its holdings in Costco Wholesale by 62.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock valued at $2,184,000 after acquiring an additional 1,274 shares during the last quarter. Atlantic Edge Private Wealth Management LLC purchased a new position in Costco Wholesale in the fourth quarter worth approximately $89,000. Finally, Private Wealth Management Group LLC acquired a new stake in Costco Wholesale during the fourth quarter worth $94,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Tigress Financial increased their price target on Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a report on Tuesday, June 25th. BMO Capital Markets increased their price objective on shares of Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $925.00 price objective on shares of Costco Wholesale in a research note on Friday, September 6th. DA Davidson reissued a “neutral” rating and issued a $780.00 price objective on shares of Costco Wholesale in a research note on Friday, September 6th. Finally, Evercore ISI upped their target price on shares of Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Eight investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $844.52.

Costco Wholesale Trading Up 0.1 %

NASDAQ COST opened at $916.00 on Friday. Costco Wholesale Co. has a one year low of $540.23 and a one year high of $923.83. The firm has a market cap of $406.09 billion, a PE ratio of 56.75, a P/E/G ratio of 5.47 and a beta of 0.80. The firm’s fifty day moving average is $861.57 and its two-hundred day moving average is $805.62. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a $1.16 dividend. The ex-dividend date was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Insider Activity

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the sale, the executive vice president now owns 23,800 shares of the company’s stock, valued at $20,560,344. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,974 shares of company stock valued at $4,252,856. Company insiders own 0.18% of the company’s stock.

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.