Connecticut Wealth Management LLC Buys 241 Shares of Costco Wholesale Co. (NASDAQ:COST)

Connecticut Wealth Management LLC raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.2% in the second quarter, HoldingsChannel.com reports. The firm owned 7,665 shares of the retailer’s stock after buying an additional 241 shares during the period. Connecticut Wealth Management LLC’s holdings in Costco Wholesale were worth $6,515,000 as of its most recent SEC filing.

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

Analyst Ratings Changes

COST has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Robert W. Baird boosted their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. Stifel Nicolaus boosted their price target on shares of Costco Wholesale from $910.00 to $915.00 and gave the stock a “buy” rating in a report on Friday, September 6th. Truist Financial boosted their price target on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Finally, Wells Fargo & Company boosted their price target on shares of Costco Wholesale from $775.00 to $800.00 and gave the stock an “equal weight” rating in a report on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and a consensus price target of $844.52.

Costco Wholesale Trading Up 0.7 %

Shares of COST opened at $906.98 on Friday. The business’s 50-day moving average price is $864.85 and its 200-day moving average price is $810.90. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $923.83. 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. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Costco Wholesale Dividend Announcement

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

Insider Activity

In other news, insider Daniel M. Hines sold 1,500 shares of the company’s 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 sale, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, 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 value 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 document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the company’s 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 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. Insiders have sold a total of 4,974 shares of company stock worth $4,252,856 over the last ninety days. Company 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.