Garden State Investment Advisory Services LLC Has $1.19 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Garden State Investment Advisory Services LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 7.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,393 shares of the retailer’s stock after buying an additional 93 shares during the quarter. Garden State Investment Advisory Services LLC’s holdings in Costco Wholesale were worth $1,189,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Gilbert & Cook Inc. grew its holdings in Costco Wholesale by 57.3% during the fourth quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock valued at $413,000 after purchasing an additional 228 shares during the period. Aveo Capital Partners LLC boosted its position in shares of Costco Wholesale by 14.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock worth $703,000 after purchasing an additional 135 shares in the last quarter. Gryphon Financial Partners LLC grew its holdings in shares of Costco Wholesale by 62.6% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock valued at $2,184,000 after buying an additional 1,274 shares during the period. TrinityPoint Wealth LLC grew its holdings in shares of Costco Wholesale by 15.5% in the 4th quarter. TrinityPoint Wealth LLC now owns 2,475 shares of the retailer’s stock valued at $1,633,000 after buying an additional 332 shares during the period. Finally, FineMark National Bank & Trust increased its position in shares of Costco Wholesale by 11.2% in the 4th quarter. FineMark National Bank & Trust now owns 5,950 shares of the retailer’s stock valued at $3,927,000 after buying an additional 599 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Wall Street Analyst Weigh In

COST has been the subject of a number of research analyst reports. DA Davidson reissued a “neutral” rating and issued a $780.00 target price on shares of Costco Wholesale in a research note on Friday, September 6th. Robert W. Baird increased their price objective on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Loop Capital upped their target price on shares of Costco Wholesale from $970.00 to $975.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Tigress Financial boosted their price target on Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Finally, Barclays increased their price objective on Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Eight investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to MarketBeat.com, Costco Wholesale has an average rating of “Moderate Buy” and a consensus price target of $844.52.

Costco Wholesale Trading Up 0.7 %

Shares of NASDAQ:COST opened at $906.98 on Friday. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The business has a 50 day moving average of $864.85 and a 200-day moving average of $810.90. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The stock has a market cap 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 Announces Dividend

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

Insider Activity

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction on 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 sale, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,974 shares of company stock worth $4,252,856. 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.