Trek Financial LLC Sells 810 Shares of Costco Wholesale Co. (NASDAQ:COST)

Trek Financial LLC cut its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 26.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,269 shares of the retailer’s stock after selling 810 shares during the period. Trek Financial LLC’s holdings in Costco Wholesale were worth $1,127,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Costco Wholesale in the fourth quarter valued at approximately $26,000. 25 LLC acquired a new stake in shares of Costco Wholesale during the 1st quarter worth about $44,000. Piscataqua Savings Bank lifted its holdings in shares of Costco Wholesale by 30.1% during the 1st quarter. Piscataqua Savings Bank now owns 95 shares of the retailer’s stock worth $47,000 after acquiring an additional 22 shares during the period. Guardian Wealth Advisors LLC purchased a new position in Costco Wholesale in the first quarter valued at approximately $47,000. Finally, Lakewood Asset Management LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $52,000. Institutional investors own 66.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Wells Fargo & Company raised their target price on Costco Wholesale from $475.00 to $510.00 in a research note on Thursday, August 3rd. Robert W. Baird upped their price target on Costco Wholesale from $535.00 to $550.00 in a research note on Friday, July 7th. Oppenheimer increased their price target on Costco Wholesale from $575.00 to $630.00 and gave the stock an “outperform” rating in a report on Tuesday, July 25th. StockNews.com started coverage on shares of Costco Wholesale in a research report on Wednesday, August 23rd. They set a “hold” rating for the company. Finally, UBS Group raised their price objective on Costco Wholesale from $560.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $566.63.

Insider Buying and Selling

In related news, Director Susan L. Decker sold 1,565 shares of the firm’s stock in a transaction on Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total value of $834,145.00. Following the transaction, the director now directly owns 13,329 shares of the company’s stock, valued at approximately $7,104,357. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CFO Richard A. Galanti sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $522.02, for a total value of $783,030.00. Following the transaction, the chief financial officer now owns 23,850 shares in the company, valued at $12,450,177. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 1,565 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total value of $834,145.00. Following the transaction, the director now owns 13,329 shares of the company’s stock, valued at $7,104,357. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

Costco Wholesale Trading Up 0.5 %

NASDAQ COST opened at $551.19 on Friday. Costco Wholesale Co. has a one year low of $447.90 and a one year high of $571.16. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.08 and a quick ratio of 0.57. The business has a 50 day simple moving average of $548.95 and a 200 day simple moving average of $517.17. The stock has a market capitalization of $244.23 billion, a P/E ratio of 40.83, a P/E/G ratio of 4.05 and a beta of 0.79.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Friday, August 25th were given a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend was Thursday, August 24th. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.22%.

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, 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.