Callan Capital LLC Acquires 223 Shares of Costco Wholesale Co. (NASDAQ:COST)

Callan Capital LLC increased its stake in Costco Wholesale Co. (NASDAQ:COST) by 11.2% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,217 shares of the retailer’s stock after buying an additional 223 shares during the period. Callan Capital LLC’s holdings in Costco Wholesale were worth $1,885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COST. Benjamin Edwards Inc. boosted its holdings in Costco Wholesale by 1.8% in the second quarter. Benjamin Edwards Inc. now owns 11,193 shares of the retailer’s stock worth $9,514,000 after acquiring an additional 201 shares in the last quarter. Public Employees Retirement Association of Colorado grew its position in Costco Wholesale by 5.2% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 591,202 shares of the retailer’s stock valued at $502,516,000 after purchasing an additional 29,281 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Costco Wholesale by 3.8% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 72,264 shares of the retailer’s stock worth $61,423,000 after buying an additional 2,646 shares during the last quarter. GM Advisory Group LLC lifted its stake in shares of Costco Wholesale by 8.9% in the second quarter. GM Advisory Group LLC now owns 3,411 shares of the retailer’s stock worth $2,900,000 after buying an additional 280 shares in the last quarter. Finally, Ieq Capital LLC grew its holdings in shares of Costco Wholesale by 5.2% during the second quarter. Ieq Capital LLC now owns 63,897 shares of the retailer’s stock valued at $54,312,000 after buying an additional 3,179 shares during the last quarter. Institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, 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 accessible through this hyperlink. In other news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction dated Friday, July 12th. The stock was 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. 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. 0.18% of the stock is currently owned by corporate insiders.

Costco Wholesale Stock Up 0.9 %

Costco Wholesale stock opened at $900.74 on Friday. The firm has a market cap of $399.33 billion, a P/E ratio of 55.81, a P/E/G ratio of 5.56 and a beta of 0.80. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The business has a fifty day moving average of $863.57 and a two-hundred day moving average of $809.87.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given a dividend of $1.16 per share. This represents a $4.64 annualized dividend and a yield of 0.52%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. Morgan Stanley increased their price objective on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research report on Monday, September 9th. Evercore ISI upped their target price on shares of Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. 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 report on Tuesday, June 25th. Finally, Telsey Advisory Group restated an “outperform” rating and issued a $925.00 target price on shares of Costco Wholesale in a report on Friday, September 6th. Eight research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $844.52.

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.