Advisor OS LLC Grows Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Advisor OS LLC boosted its holdings in Costco Wholesale Co. (NASDAQ:COST) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,632 shares of the retailer’s stock after buying an additional 86 shares during the period. Advisor OS LLC’s holdings in Costco Wholesale were worth $2,237,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of COST. Oak Asset Management LLC boosted its stake in Costco Wholesale by 0.3% during the 2nd quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after purchasing an additional 12 shares during the period. Peddock Capital Advisors LLC boosted its position in shares of Costco Wholesale by 0.7% in the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock valued at $1,518,000 after acquiring an additional 12 shares during the period. Bedel Financial Consulting Inc. grew its stake in shares of Costco Wholesale by 1.3% in the first quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock worth $729,000 after acquiring an additional 13 shares during the last quarter. Boltwood Capital Management increased its position in Costco Wholesale by 1.7% during the second quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock worth $671,000 after acquiring an additional 13 shares during the period. Finally, LifePro Asset Management raised its stake in Costco Wholesale by 3.8% during the 2nd quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock valued at $304,000 after purchasing an additional 13 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Argus upped their price objective on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Barclays lifted their price objective on Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Bank of America upped their target price on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research note on Thursday, July 11th. TD Cowen lifted their price target 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. Finally, DA Davidson restated a “neutral” rating and issued a $780.00 price objective on shares of Costco Wholesale in a research note on Friday. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $828.73.

Insiders Place Their Bets

In other news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction on 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 completion of the sale, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the transaction, the insider now directly owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,974 shares of company stock valued at $4,252,856. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Trading Down 1.0 %

COST opened at $876.68 on Friday. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $918.93. The stock has a market capitalization of $388.66 billion, a PE ratio of 54.32, a PEG ratio of 5.98 and a beta of 0.80. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $857.45 and a two-hundred day moving average price of $799.68.

Costco Wholesale Announces Dividend

The business also recently disclosed 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 yield of 0.53%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

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.