SkyOak Wealth LLC Sells 200 Shares of Costco Wholesale Co. (NASDAQ:COST)

SkyOak Wealth LLC lessened its holdings in Costco Wholesale Co. (NASDAQ:COST) by 21.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 725 shares of the retailer’s stock after selling 200 shares during the period. SkyOak Wealth LLC’s holdings in Costco Wholesale were worth $616,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of COST. Frank Rimerman Advisors LLC purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at about $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the 1st quarter valued at approximately $32,000. Financial Connections Group Inc. raised its holdings in Costco Wholesale by 557.1% during 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 period. Vima LLC bought a new stake in Costco Wholesale in the fourth quarter worth $34,000. Finally, DSM Capital Partners LLC purchased a new position in Costco Wholesale during the fourth quarter worth $36,000. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.2 %

Shares of COST stock opened at $897.27 on Wednesday. The stock has a 50 day simple moving average of $862.32 and a 200-day simple moving average of $808.65. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83. The company has a market cap of $397.79 billion, a price-to-earnings ratio of 55.59, a PEG ratio of 5.56 and a beta of 0.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45.

Costco Wholesale Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Telsey Advisory Group restated an “outperform” rating and issued a $925.00 target price on shares of Costco Wholesale in a report on Friday, September 6th. Evercore ISI lifted their price objective on Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, September 6th. 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. Robert W. Baird raised their target price on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Finally, DA Davidson reaffirmed a “neutral” rating and issued a $780.00 price target on shares of Costco Wholesale 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $844.52.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was 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 $10,320,787.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $874.05, for a total transaction of $437,025.00. Following the transaction, the executive vice president now owns 22,900 shares of the company’s stock, valued at $20,015,745. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, 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. Insiders sold 4,974 shares of company stock valued at $4,252,856 over the last 90 days. Corporate 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.