Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Addison Advisors LLC

Addison Advisors LLC boosted its position in Costco Wholesale Co. (NASDAQ:COST) by 13.0% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 156 shares of the retailer’s stock after purchasing an additional 18 shares during the quarter. Addison Advisors LLC’s holdings in Costco Wholesale were worth $133,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in COST. Main Street Financial Solutions LLC boosted its position in shares of Costco Wholesale by 4.7% during the 4th quarter. Main Street Financial Solutions LLC now owns 1,763 shares of the retailer’s stock valued at $1,164,000 after acquiring an additional 79 shares during the last quarter. Zhang Financial LLC grew its stake in shares of Costco Wholesale by 3.8% in the 1st quarter. Zhang Financial LLC now owns 1,010 shares of the retailer’s stock valued at $740,000 after buying an additional 37 shares during the period. Strong Tower Advisory Services increased its holdings in shares of Costco Wholesale by 7.9% during the 1st quarter. Strong Tower Advisory Services now owns 1,867 shares of the retailer’s stock worth $1,346,000 after buying an additional 137 shares during the last quarter. Cary Street Partners Investment Advisory LLC increased its holdings in shares of Costco Wholesale by 6.2% during the 4th quarter. Cary Street Partners Investment Advisory LLC now owns 27,902 shares of the retailer’s stock worth $18,418,000 after buying an additional 1,627 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new stake in shares of Costco Wholesale during the 4th quarter valued at approximately $3,871,000. 68.48% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on COST shares. Roth Mkm reissued a “neutral” rating and set a $676.00 target price (up previously from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a report on Thursday, August 8th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price for the company in a research note on Thursday, August 8th. Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $910.00 to $915.00 and gave the company a “buy” rating in a research note on Friday. Finally, DA Davidson reaffirmed a “neutral” rating and set a $780.00 price objective on shares of Costco Wholesale in a research report on Friday. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $828.73.

Costco Wholesale Trading Down 1.0 %

Shares of NASDAQ:COST opened at $876.68 on Friday. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $918.93. The company’s 50 day moving average is $857.45 and its two-hundred day moving average is $799.68. 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 company has a market cap of $388.66 billion, a PE ratio of 54.32, a P/E/G ratio of 5.98 and a beta of 0.80.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio is presently 28.75%.

Insider Buying and Selling 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 shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the sale, the director now directly owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, Director Susan L. Decker sold 620 shares of the stock in a transaction 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 approximately $10,320,787.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Kenneth D. Denman sold 350 shares of the stock in a transaction on Monday, July 15th. The shares were 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 directly 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 three months, insiders have sold 4,974 shares of company stock valued at $4,252,856. 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.