Hallmark Capital Management Inc. raised its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 8.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,265 shares of the retailer’s stock after acquiring an additional 100 shares during the quarter. Hallmark Capital Management Inc.’s holdings in Costco Wholesale were worth $335,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. Horan Capital Advisors LLC. purchased a new stake in Costco Wholesale during the first quarter worth $26,000. Massey Quick Simon & CO. LLC acquired a new position in shares of Costco Wholesale during the second quarter worth $27,000. Thor Advisors LLC acquired a new position in shares of Costco Wholesale in the 1st quarter valued at $35,000. C J Advisory Inc acquired a new position in shares of Costco Wholesale in the 1st quarter valued at $36,000. Finally, JNBA Financial Advisors increased its position in shares of Costco Wholesale by 484.6% in the 1st quarter. JNBA Financial Advisors now owns 152 shares of the retailer’s stock valued at $37,000 after acquiring an additional 126 shares during the period. 71.14% of the stock is currently owned by institutional investors and hedge funds.
In related news, VP James P. Murphy sold 10,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $265.85, for a total transaction of $2,658,500.00. Following the sale, the vice president now owns 45,100 shares of the company’s stock, valued at $11,989,835. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan L. Decker sold 1,646 shares of the business’s stock in a transaction dated Wednesday, July 3rd. The stock was sold at an average price of $268.25, for a total transaction of $441,539.50. Following the sale, the director now directly owns 41,803 shares in the company, valued at approximately $11,213,654.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,346 shares of company stock worth $4,888,035. 0.21% of the stock is owned by insiders.
Shares of COST stock opened at $290.56 on Friday. Costco Wholesale Co. has a 52 week low of $189.51 and a 52 week high of $307.34. The company has a quick ratio of 0.48, a current ratio of 0.98 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $281.96 and a two-hundred day moving average of $256.87. The stock has a market capitalization of $130.62 billion, a PE ratio of 42.54, a P/E/G ratio of 3.94 and a beta of 0.93.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Thursday, August 29th. Costco Wholesale’s dividend payout ratio is currently 38.07%.
Several research firms recently issued reports on COST. Telsey Advisory Group set a $305.00 target price on Costco Wholesale and gave the company a “buy” rating in a research report on Tuesday, September 3rd. UBS Group upped their target price on Costco Wholesale from $280.00 to $335.00 and gave the company a “buy” rating in a research report on Monday. Citigroup cut their target price on Costco Wholesale from $243.00 to $241.00 and set a “neutral” rating on the stock in a research report on Friday, May 31st. Nomura upped their price target on shares of Costco Wholesale from $235.00 to $256.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. Finally, Barclays set a $275.00 price target on shares of Costco Wholesale and gave the company a “hold” rating in a report on Monday, August 12th. Nine research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $283.72.
Costco Wholesale Profile
Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.
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