Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Insight Advisors LLC PA

Insight Advisors LLC PA lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,030 shares of the retailer’s stock after acquiring an additional 37 shares during the quarter. Insight Advisors LLC PA’s holdings in Costco Wholesale were worth $2,576,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale in the fourth quarter worth $26,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of Costco Wholesale during the 4th quarter worth about $30,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the 1st quarter valued at about $32,000. Vima LLC bought a new stake in shares of Costco Wholesale in the 4th quarter valued at approximately $34,000. Finally, DSM Capital Partners LLC acquired a new position in Costco Wholesale in the fourth quarter worth approximately $36,000. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In related news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, Director Kenneth D. Denman sold 350 shares of the 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 completion of the transaction, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $848.53, for a total value of $1,272,795.00. Following the completion of the transaction, the insider now owns 10,992 shares of the company’s stock, valued at $9,327,041.76. The disclosure for this sale can be found here. Insiders have sold 3,350 shares of company stock valued at $2,837,131 in the last 90 days. 0.18% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on COST shares. Deutsche Bank Aktiengesellschaft lifted their price objective on Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. BMO Capital Markets raised their price objective on shares of Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday. Loop Capital increased their price target on shares of Costco Wholesale from $940.00 to $970.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Citigroup boosted their price objective on shares of Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Finally, Roth Mkm reiterated a “neutral” rating and issued a $676.00 target price (up previously from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $824.50.

Costco Wholesale Trading Up 0.1 %

NASDAQ:COST traded up $0.83 during trading hours on Tuesday, hitting $864.40. The stock had a trading volume of 780,623 shares, compared to its average volume of 1,990,603. The business’s 50 day moving average is $845.93 and its 200-day moving average is $778.24. The company has a market cap of $383.21 billion, a price-to-earnings ratio of 53.12, a P/E/G ratio of 5.49 and a beta of 0.78. Costco Wholesale Co. has a one year low of $530.56 and a one year high of $896.67. 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 (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 earnings per share for the quarter, beating analysts’ consensus estimates of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The firm had revenue of $58.52 billion for the quarter, compared to analyst estimates of $58.16 billion. During the same quarter in the previous year, the firm posted $3.43 earnings per share. The business’s revenue was up 9.1% on a year-over-year basis. Sell-side analysts anticipate that Costco Wholesale Co. will post 15.97 EPS for the current fiscal year.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders 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 0.54%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.