Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Increased by 1832 Asset Management L.P.

1832 Asset Management L.P. increased its holdings in Costco Wholesale Co. (NASDAQ:COST) by 56.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 566,864 shares of the retailer’s stock after purchasing an additional 205,237 shares during the quarter. Costco Wholesale accounts for 0.4% of 1832 Asset Management L.P.’s holdings, making the stock its 27th biggest position. 1832 Asset Management L.P.’s holdings in Costco Wholesale were worth $481,829,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $26,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale during the first quarter valued at approximately $32,000. Vima LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $34,000. DSM Capital Partners LLC acquired a new stake in shares of Costco Wholesale during the fourth quarter valued at approximately $36,000. Finally, Financial Connections Group Inc. increased its stake in Costco Wholesale by 557.1% in the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the period. 68.48% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Costco Wholesale news, 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 value of $298,035.50. Following the completion of 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 through the SEC website. Also, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction 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 sale, the insider now directly owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The disclosure for this sale can be found here. In the last three months, insiders sold 4,974 shares of company stock valued at $4,252,856. Company insiders own 0.18% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on COST shares. Loop Capital upped their price objective on shares of Costco Wholesale from $970.00 to $975.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Stifel Nicolaus upped their price objective on shares of Costco Wholesale from $910.00 to $915.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Evercore ISI upped their price objective on shares of Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday, September 6th. Morgan Stanley upped their price objective on shares of Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research note on Monday, September 9th. Finally, Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective on the stock in a research note on Thursday, August 8th. Eight research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $844.52.

Costco Wholesale Price Performance

NASDAQ COST opened at $906.98 on Friday. 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 fifty day simple moving average of $864.85 and a 200 day simple moving average of $811.25. The company has a market cap of $402.10 billion, a P/E ratio of 56.19, a P/E/G ratio of 5.51 and a beta of 0.80. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued 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 of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio is currently 28.75%.

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.