Chicago Partners Investment Group LLC Increases Holdings in Costco Wholesale Co. (NASDAQ:COST)

Chicago Partners Investment Group LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,527 shares of the retailer’s stock after buying an additional 25 shares during the period. Chicago Partners Investment Group LLC’s holdings in Costco Wholesale were worth $656,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Fortune 45 LLC grew its position in Costco Wholesale by 8.6% during the 1st quarter. Fortune 45 LLC now owns 696 shares of the retailer’s stock worth $401,000 after acquiring an additional 55 shares during the last quarter. Mather Group LLC. grew its position in shares of Costco Wholesale by 15.2% in the 1st quarter. Mather Group LLC. now owns 2,316 shares of the retailer’s stock worth $1,334,000 after buying an additional 306 shares during the last quarter. CHICAGO TRUST Co NA grew its position in shares of Costco Wholesale by 3.6% in the 1st quarter. CHICAGO TRUST Co NA now owns 6,081 shares of the retailer’s stock worth $3,502,000 after buying an additional 209 shares during the last quarter. Twin Capital Management Inc. grew its position in shares of Costco Wholesale by 1.3% in the 1st quarter. Twin Capital Management Inc. now owns 7,728 shares of the retailer’s stock worth $4,450,000 after buying an additional 101 shares during the last quarter. Finally, Schmidt P J Investment Management Inc. grew its position in shares of Costco Wholesale by 117.4% in the 1st quarter. Schmidt P J Investment Management Inc. now owns 6,332 shares of the retailer’s stock worth $3,367,000 after buying an additional 3,419 shares during the last quarter. 66.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft upgraded Costco Wholesale from a “hold” rating to a “buy” rating and lifted their price target for the company from $525.00 to $579.00 in a research report on Thursday, July 14th. Jefferies Financial Group restated a “buy” rating and set a $580.00 price target on shares of Costco Wholesale in a research report on Friday, July 29th. Loop Capital dropped their price target on Costco Wholesale from $610.00 to $585.00 in a research report on Thursday, September 1st. Robert W. Baird restated an “outperform” rating and set a $575.00 price target on shares of Costco Wholesale in a research report on Friday, September 2nd. Finally, StockNews.com upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, July 15th. Four investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale currently has an average rating of “Moderate Buy” and an average price target of $575.28.

Costco Wholesale Stock Performance

Shares of COST opened at $508.00 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04 and a quick ratio of 0.48. Costco Wholesale Co. has a one year low of $406.51 and a one year high of $612.27. The firm has a market capitalization of $225.02 billion, a P/E ratio of 40.00, a PEG ratio of 3.85 and a beta of 0.70. The business has a fifty day moving average of $529.35 and a 200 day moving average of $521.07.

Costco Wholesale Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.07%. The ex-dividend date was Thursday, July 28th. Costco Wholesale’s payout ratio is currently 28.35%.

Insider Buying and Selling

In other Costco Wholesale news, Director Kenneth D. Denman sold 300 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $521.68, for a total transaction of $156,504.00. Following the completion of the sale, the director now owns 5,197 shares of the company’s stock, valued at $2,711,170.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Costco Wholesale news, Director Kenneth D. Denman sold 300 shares of the business’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $521.68, for a total transaction of $156,504.00. Following the completion of the sale, the director now owns 5,197 shares of the company’s stock, valued at $2,711,170.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP James P. Murphy sold 2,500 shares of the business’s stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $464.00, for a total value of $1,160,000.00. Following the sale, the vice president now directly owns 37,730 shares of the company’s stock, valued at approximately $17,506,720. The disclosure for this sale can be found here. Insiders sold 5,300 shares of company stock valued at $2,609,904 over the last 90 days. Company insiders own 0.22% of the company’s stock.

About Costco Wholesale

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

Further Reading

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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