Wick Capital Partners LLC Invests $689,000 in Costco Wholesale Co. (NASDAQ:COST)

Wick Capital Partners LLC bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 811 shares of the retailer’s stock, valued at approximately $689,000.

Several other large investors also recently made changes to their positions in the business. Oak Asset Management LLC grew its position in Costco Wholesale by 0.3% in the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after buying an additional 12 shares during the last quarter. Peddock Capital Advisors LLC raised its position in shares of Costco Wholesale by 0.7% during the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after purchasing an additional 12 shares during the period. Bedel Financial Consulting Inc. lifted its holdings in shares of Costco Wholesale by 1.3% during the first quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock valued at $729,000 after purchasing an additional 13 shares during the last quarter. Boltwood Capital Management boosted its position in shares of Costco Wholesale by 1.7% in the 2nd quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock valued at $671,000 after purchasing an additional 13 shares during the period. Finally, LifePro Asset Management increased its stake in Costco Wholesale by 3.8% in the 2nd quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock worth $304,000 after purchasing an additional 13 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Trading Down 1.7 %

Shares of NASDAQ:COST opened at $901.54 on Wednesday. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The company has a market cap of $399.68 billion, a P/E ratio of 55.86, a P/E/G ratio of 5.57 and a beta of 0.80. The stock’s 50-day moving average is $867.23 and its 200-day moving average is $813.69.

Costco Wholesale Dividend Announcement

The firm also recently declared 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 annualized dividend and a 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%.

Analysts Set New Price Targets

COST has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Costco Wholesale from $875.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Bank of America increased their target price on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Morgan Stanley lifted their price target on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Oppenheimer increased their price objective on Costco Wholesale from $925.00 to $955.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. Finally, Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a research note on Thursday, August 8th. Nine analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $857.48.

Insider Transactions at Costco Wholesale

In other news, insider Daniel M. Hines sold 1,500 shares of the firm’s 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 sale, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Daniel M. Hines sold 1,500 shares of the company’s 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 transaction, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 completion of the sale, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The disclosure for this sale can be found here. Insiders sold a total of 4,974 shares of company stock worth $4,252,856 over the last three months. 0.18% of the stock is currently owned by insiders.

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.