Invera Wealth Advisors LLC Has $1.67 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Invera Wealth Advisors LLC trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.8% during the second quarter, Holdings Channel.com reports. The firm owned 1,977 shares of the retailer’s stock after selling 56 shares during the period. Costco Wholesale accounts for 1.7% of Invera Wealth Advisors LLC’s holdings, making the stock its 20th biggest position. Invera Wealth Advisors LLC’s holdings in Costco Wholesale were worth $1,674,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Oak Asset Management LLC grew its stake in Costco Wholesale by 0.3% during the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after acquiring an additional 12 shares in the last quarter. Peddock Capital Advisors LLC increased its holdings 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 worth $1,518,000 after purchasing an additional 12 shares during the last quarter. Bedel Financial Consulting Inc. lifted its position 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 buying an additional 13 shares in the last quarter. Boltwood Capital Management boosted its stake in Costco Wholesale by 1.7% during the second quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock valued at $671,000 after buying an additional 13 shares during the last quarter. Finally, LifePro Asset Management grew its holdings 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 buying an additional 13 shares in the last quarter. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Down 1.0 %

Shares of Costco Wholesale stock opened at $876.68 on Monday. The firm’s 50 day simple moving average is $857.45 and its two-hundred day simple moving average is $800.74. The firm has a market capitalization of $388.66 billion, a price-to-earnings ratio of 54.32, a PEG ratio of 5.33 and a beta of 0.80. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $918.93. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were paid a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a yield of 0.53%. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.

Insider Buying and Selling

In related news, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The sale was disclosed in a filing with the SEC, which is available through this link. In related news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total transaction of $437,025.00. Following the sale, the executive vice president now owns 22,900 shares in the company, valued at approximately $20,015,745. The disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock valued at $4,252,856 over the last quarter. 0.18% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COST. Robert W. Baird boosted their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Bank of America boosted their target price on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a research report on Thursday, July 11th. DA Davidson restated a “neutral” rating and issued a $780.00 price target on shares of Costco Wholesale in a research report on Friday. Tigress Financial boosted their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research report on Tuesday, June 25th. Finally, Barclays increased their target price on shares of Costco Wholesale from $765.00 to $830.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $828.73.

Costco Wholesale Profile

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.