Costco Wholesale Co. (NASDAQ:COST) Position Decreased by Transatlantique Private Wealth LLC

Transatlantique Private Wealth LLC lowered its holdings in Costco Wholesale Co. (NASDAQ:COST) by 15.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,346 shares of the retailer’s stock after selling 241 shares during the period. Transatlantique Private Wealth LLC’s holdings in Costco Wholesale were worth $1,111,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Frank Rimerman Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter valued at $26,000. Redmont Wealth Advisors LLC acquired a new position in shares of Costco Wholesale in the 1st quarter worth $32,000. Financial Connections Group Inc. raised its position in shares of Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after purchasing an additional 39 shares during the period. Vima LLC purchased a new stake in shares of Costco Wholesale during the fourth quarter valued at $34,000. Finally, DSM Capital Partners LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $36,000. 68.48% of the stock is currently owned by institutional investors.

Costco Wholesale Trading Up 0.7 %

Shares of NASDAQ:COST opened at $906.98 on Friday. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83. The firm has a fifty day moving average price of $864.85 and a 200 day moving average price of $810.90. 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 stock has a market capitalization of $402.10 billion, a PE ratio of 56.19, a P/E/G ratio of 5.51 and a beta of 0.80.

Costco Wholesale Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio is 28.75%.

Wall Street Analyst Weigh In

A number of analysts have commented on COST shares. Robert W. Baird upped their price objective on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. TD Cowen upped their price target on shares of Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Bank of America lifted their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. 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. Finally, Loop Capital lifted their price target on Costco Wholesale from $970.00 to $975.00 and gave the company a “buy” rating in a report on Friday, September 6th. Eight investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus target price of $844.52.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, 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 transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $848.53, for a total transaction of $1,272,795.00. Following the completion of the sale, the insider now directly owns 10,992 shares in the company, valued at $9,327,041.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of Costco Wholesale stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,974 shares of company stock valued at $4,252,856. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Company 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.