Benjamin Edwards Inc. increased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,193 shares of the retailer’s stock after purchasing an additional 201 shares during the period. Costco Wholesale makes up 1.8% of Benjamin Edwards Inc.’s holdings, making the stock its 4th biggest position. Benjamin Edwards Inc.’s holdings in Costco Wholesale were worth $9,514,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Frank Rimerman Advisors LLC acquired a new stake in Costco Wholesale during the fourth quarter valued at $26,000. Redmont Wealth Advisors LLC acquired a new stake in Costco Wholesale during the first quarter valued at $32,000. Financial Connections Group Inc. grew its position in Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the period. Vima LLC acquired a new stake in Costco Wholesale during the fourth quarter valued at $34,000. Finally, DSM Capital Partners LLC acquired a new stake in Costco Wholesale during the fourth quarter valued at $36,000. Hedge funds and other 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 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 sale, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 sale, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock valued at $4,252,856 over the last ninety days. Company insiders own 0.18% of the company’s stock.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on Costco Wholesale
Costco Wholesale Price Performance
Shares of COST stock opened at $900.74 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The firm’s 50-day moving average is $863.57 and its two-hundred day moving average is $809.87. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $923.83. The company has a market capitalization of $399.33 billion, a PE ratio of 55.81, a price-to-earnings-growth ratio of 5.56 and a beta of 0.80.
Costco Wholesale Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date 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.
Featured Stories
- Five stocks we like better than Costco Wholesale
- How to Effectively Use the MarketBeat Ratings Screener
- Edgewise Therapeutics Soars 50%: Key Reasons Behind the Surge
- What is a Low P/E Ratio and What Does it Tell Investors?
- How the Fed’s Rate Cut Could Supercharge These 3 ETFs
- How to Invest in the Best Canadian Stocks
- Microsoft Stock: 3 Reasons It’s Ready to Crush Q4
Want to see what other hedge funds are holding COST? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Costco Wholesale Co. (NASDAQ:COST – Free Report).
Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.