Farmer Steven Patrick Acquires New Shares in Costco Wholesale Co. (NASDAQ:COST)

Farmer Steven Patrick acquired a new stake in Costco Wholesale Co. (NASDAQ:COSTGet Rating) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 759 shares of the retailer’s stock, valued at approximately $364,000.

A number of other large investors have also made changes to their positions in COST. Summit Trail Advisors LLC increased its position in shares of Costco Wholesale by 31.8% during the 4th quarter. Summit Trail Advisors LLC now owns 651 shares of the retailer’s stock worth $370,000 after purchasing an additional 157 shares during the last quarter. Eagle Asset Management Inc. increased its position in shares of Costco Wholesale by 4.4% during the 4th quarter. Eagle Asset Management Inc. now owns 7,300 shares of the retailer’s stock worth $4,116,000 after purchasing an additional 305 shares during the last quarter. PFS Investments Inc. acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $233,000. Hoylecohen LLC increased its position in shares of Costco Wholesale by 1.1% during the 4th quarter. Hoylecohen LLC now owns 30,156 shares of the retailer’s stock worth $17,120,000 after purchasing an additional 342 shares during the last quarter. Finally, True North Advisors LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $3,129,000. Institutional investors own 66.83% of the company’s stock.

Costco Wholesale Trading Up 0.1 %

NASDAQ:COST opened at $504.14 on Friday. The firm’s fifty day moving average is $529.88 and its 200-day moving average is $520.74. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04. Costco Wholesale Co. has a 52 week low of $406.51 and a 52 week high of $612.27. The firm has a market cap of $223.31 billion, a P/E ratio of 39.70, a P/E/G ratio of 3.80 and a beta of 0.70.

Costco Wholesale Cuts Dividend

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

Insider Activity

In related news, VP James P. Murphy sold 2,500 shares of the business’s stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $464.00, for a total transaction of $1,160,000.00. Following the transaction, the vice president now owns 37,730 shares in the company, valued at approximately $17,506,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, VP James P. Murphy sold 2,500 shares of the business’s stock in a transaction on Wednesday, June 22nd. The shares were sold at an average price of $464.00, for a total transaction of $1,160,000.00. Following the transaction, the vice president now owns 37,730 shares in the company, valued at approximately $17,506,720. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP James P. Murphy sold 1,500 shares of the business’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total transaction of $787,800.00. Following the transaction, the vice president now owns 36,230 shares in the company, valued at approximately $19,027,996. The disclosure for this sale can be found here. In the last three months, insiders have sold 5,300 shares of company stock valued at $2,609,904. 0.22% of the stock is currently owned by insiders.

Analyst Ratings Changes

COST has been the topic of a number of recent analyst reports. Credit Suisse Group decreased their target price on Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating on the stock in a report on Friday, May 27th. The Goldman Sachs Group boosted their target price on Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Citigroup upped their price objective on Costco Wholesale from $510.00 to $545.00 in a report on Thursday, August 4th. Evercore ISI upped their price objective on Costco Wholesale to $585.00 in a report on Tuesday, September 6th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $575.00 price objective on shares of Costco Wholesale in a report on Friday, September 2nd. Four equities research analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $575.28.

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.

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

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