Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Lee Johnson Capital Management LLC

Lee Johnson Capital Management LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,774 shares of the retailer’s stock after acquiring an additional 237 shares during the period. Costco Wholesale accounts for about 2.2% of Lee Johnson Capital Management LLC’s holdings, making the stock its 14th biggest position. Lee Johnson Capital Management LLC’s holdings in Costco Wholesale were worth $1,809,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new position in Costco Wholesale during the 1st quarter worth approximately $26,000. Comprehensive Financial Consultants Institutional Inc. acquired a new position in Costco Wholesale during the 4th quarter worth approximately $30,000. Mystic Asset Management Inc. acquired a new position in Costco Wholesale during the 4th quarter worth approximately $40,000. Lansing Street Advisors acquired a new position in Costco Wholesale during the 1st quarter worth approximately $41,000. Finally, Cordant Inc. purchased a new stake in shares of Costco Wholesale during the 1st quarter worth approximately $47,000. Institutional investors and hedge funds own 66.83% of the company’s stock.

Insider Transactions at Costco Wholesale

In other news, VP James P. Murphy sold 1,500 shares of the company’s stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total transaction of $787,800.00. Following the completion of the sale, the vice president now directly owns 36,230 shares in the company, valued at approximately $19,027,996. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, VP James P. Murphy sold 1,500 shares of the stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total value of $787,800.00. Following the completion of the sale, the vice president now directly owns 36,230 shares in the company, valued at approximately $19,027,996. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 300 shares of the stock in a transaction on Friday, July 15th. The shares were sold at an average price of $521.68, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 2,800 shares of company stock worth $1,449,904 in the last ninety days. Insiders own 0.22% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore ISI boosted their price target on Costco Wholesale to $585.00 in a research note on Tuesday, September 6th. Robert W. Baird reissued an “outperform” rating and set a $575.00 price target on shares of Costco Wholesale in a research note on Friday, September 2nd. Telsey Advisory Group decreased their price target on Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating on the stock in a research note on Friday, May 27th. Loop Capital decreased their price target on Costco Wholesale from $610.00 to $585.00 in a research note on Thursday, September 1st. Finally, Raymond James boosted their price target on Costco Wholesale from $560.00 to $600.00 and gave the stock an “outperform” rating in a research note on Friday, August 5th. Four equities research 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $575.36.

Costco Wholesale Trading Down 1.2 %

COST stock opened at $487.17 on Friday. The company has a market cap of $215.80 billion, a price-to-earnings ratio of 38.36, a PEG ratio of 3.72 and a beta of 0.70. The company has a quick ratio of 0.48, a current ratio of 1.04 and a debt-to-equity ratio of 0.32. The business has a fifty day simple moving average of $529.73 and a 200-day simple moving average of $519.85. Costco Wholesale Co. has a 52 week low of $406.51 and a 52 week high of $612.27.

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 issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.07%. Costco Wholesale’s payout ratio is 28.35%.

Costco Wholesale Profile

(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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