Poehling Capital Management INC. Purchases 190 Shares of Costco Wholesale Co. (NASDAQ:COST)

Poehling Capital Management INC. raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 21.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,056 shares of the retailer’s stock after buying an additional 190 shares during the period. Poehling Capital Management INC.’s holdings in Costco Wholesale were worth $898,000 at the end of the most recent reporting period.

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

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related 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 value 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 approximately $10,545,746.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale 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 sale, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,974 shares of company stock worth $4,252,856. 0.18% of the stock is owned by company insiders.

Costco Wholesale Stock Up 0.1 %

Shares of COST stock opened at $916.00 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 twelve month low of $540.23 and a twelve month high of $923.83. The stock has a 50 day moving average of $861.57 and a 200 day moving average of $806.04. The stock has a market cap of $406.09 billion, a P/E ratio of 56.75, a P/E/G ratio of 5.47 and a beta of 0.80.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Analyst Ratings Changes

Several brokerages recently issued reports on COST. BMO Capital Markets increased their price objective on Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Truist Financial raised their price target on Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a research note on Friday, May 31st. TD Cowen upped their price objective on shares of Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Redburn Atlantic downgraded shares of Costco Wholesale from a “buy” rating to a “neutral” rating and raised their target price for the company from $860.00 to $890.00 in a research report on Tuesday, September 10th. Finally, Evercore ISI upped their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Eight research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $844.52.

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.