Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Capstone Triton Financial Group LLC

Capstone Triton Financial Group LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,242 shares of the retailer’s stock after acquiring an additional 77 shares during the period. Costco Wholesale comprises approximately 2.5% of Capstone Triton Financial Group LLC’s portfolio, making the stock its 8th biggest holding. Capstone Triton Financial Group LLC’s holdings in Costco Wholesale were worth $3,605,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Wulff Hansen & CO. boosted its position in shares of Costco Wholesale by 99,208.6% in the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock valued at $1,253,508,000 after acquiring an additional 1,473,248 shares during the period. Global Assets Advisory LLC bought a new stake in shares of Costco Wholesale in the 1st quarter worth approximately $510,353,000. Assenagon Asset Management S.A. lifted its position in Costco Wholesale by 287.3% in the second quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock worth $710,802,000 after purchasing an additional 620,341 shares during the period. Strategic Financial Concepts LLC increased its holdings in Costco Wholesale by 51,747.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock valued at $5,266,000 after buying an additional 618,383 shares during the period. Finally, Public Employees Retirement Association of Colorado lifted its holdings in shares of Costco Wholesale by 3,647.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 567,641 shares of the retailer’s stock worth $374,688,000 after acquiring an additional 552,492 shares during the period. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a report on Thursday, August 8th. Citigroup boosted their target price on shares of Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a research note on Friday, May 31st. BMO Capital Markets increased their target price on shares of Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Evercore ISI boosted their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. Finally, TD Cowen raised their price objective on shares of Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Eight investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and an average price target of $844.52.

Costco Wholesale Stock Up 0.7 %

Costco Wholesale stock opened at $906.98 on Friday. Costco Wholesale Co. has a fifty-two week low of $540.23 and a fifty-two week high of $923.83. 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 has a market capitalization of $402.10 billion, a price-to-earnings ratio of 56.19, a PEG ratio of 5.51 and a beta of 0.80. The company’s 50 day simple moving average is $864.85 and its 200 day simple moving average is $810.90.

Costco Wholesale Announces Dividend

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

Insider Activity at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now directly 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 Costco Wholesale news, Director Susan L. Decker sold 620 shares of the firm’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 sale, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Daniel M. Hines sold 1,500 shares of the company’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 transaction of $1,266,300.00. Following the completion of the transaction, the insider now owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. Insiders sold a total of 4,974 shares of company stock worth $4,252,856 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

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.