DekaBank Deutsche Girozentrale Sells 3,761 Shares of Costco Wholesale Co. (NASDAQ:COST)

DekaBank Deutsche Girozentrale trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 1.3% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 280,348 shares of the retailer’s stock after selling 3,761 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.06% of Costco Wholesale worth $240,051,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in COST. Frank Rimerman Advisors LLC bought a new position in Costco Wholesale during the fourth quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new stake in Costco Wholesale in the 1st quarter valued at about $32,000. Financial Connections Group Inc. grew its position in shares of Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares in the last quarter. Vima LLC bought a new position in shares of Costco Wholesale during the fourth quarter worth approximately $34,000. Finally, DSM Capital Partners LLC acquired a new stake in shares of Costco Wholesale in the fourth quarter valued at approximately $36,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on COST. Wells Fargo & Company increased their price target on Costco Wholesale from $775.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. BMO Capital Markets boosted their price target on Costco Wholesale from $875.00 to $950.00 and gave the company an “outperform” rating in a research note on Monday, August 12th. Tigress Financial upped their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. Roth Mkm reissued a “neutral” rating and issued a $676.00 target price (up from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. Finally, Barclays upped their price target on shares of Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $844.52.

Costco Wholesale Stock Performance

Costco Wholesale stock opened at $915.03 on Friday. The business has a 50 day moving average of $860.97 and a 200-day moving average of $804.43. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $918.93. The company has a market capitalization of $405.66 billion, a P/E ratio of 56.69, a P/E/G ratio of 5.47 and a beta of 0.80.

Costco Wholesale Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Insider Activity

In related news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the sale, the executive vice president now owns 22,900 shares of the company’s stock, valued at $20,015,745. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, insider Daniel M. Hines sold 1,500 shares of the business’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 owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Richard A. Galanti sold 500 shares of the company’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 completion of the sale, the executive vice president now directly owns 22,900 shares in the company, valued at $20,015,745. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,974 shares of company stock valued at $4,252,856. Insiders own 0.18% of the company’s stock.

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.