Y.D. More Investments Ltd Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Y.D. More Investments Ltd lifted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 12.6% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,026 shares of the retailer’s stock after acquiring an additional 115 shares during the period. Y.D. More Investments Ltd’s holdings in Costco Wholesale were worth $872,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Frank Rimerman Advisors LLC bought a new position in Costco Wholesale in the 4th quarter worth approximately $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Costco Wholesale during the first quarter worth $32,000. Vima LLC purchased a new position in Costco Wholesale during the fourth quarter valued at $34,000. DSM Capital Partners LLC bought a new stake in Costco Wholesale in the 4th quarter valued at $36,000. Finally, Financial Connections Group Inc. lifted its stake in 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 purchasing an additional 39 shares in the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on COST. TD Cowen lifted 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. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Roth Mkm reaffirmed a “neutral” rating and set a $676.00 price target (up from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Stifel Nicolaus increased their price objective on shares of Costco Wholesale from $910.00 to $915.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Finally, Bank of America raised their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Eight 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $844.52.

Costco Wholesale Stock Up 0.7 %

NASDAQ:COST opened at $900.40 on Thursday. 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 $918.93. The company has a market cap of $399.18 billion, a PE ratio of 55.79, a P/E/G ratio of 5.33 and a beta of 0.80. The company’s 50 day moving average is $859.92 and its two-hundred day moving average is $803.66.

Costco Wholesale Dividend Announcement

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

Insider Buying and Selling

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction dated 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 sale, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, EVP Richard A. Galanti sold 500 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the sale, the executive vice president now owns 22,900 shares in the company, valued at $20,015,745. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock worth $4,252,856 in the last 90 days. Insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.