LifePro Asset Management Increases Stake in Costco Wholesale Co. (NASDAQ:COST)

LifePro Asset Management raised its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1,419.5% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 26,592 shares of the retailer’s stock after acquiring an additional 24,842 shares during the period. Costco Wholesale makes up approximately 3.1% of LifePro Asset Management’s holdings, making the stock its 16th biggest position. LifePro Asset Management’s holdings in Costco Wholesale were worth $10,522,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of COST. Baillie Gifford & Co. bought a new position in shares of Costco Wholesale in the 2nd quarter worth approximately $31,000. KB Financial Partners LLC purchased a new stake in Costco Wholesale in the 1st quarter worth approximately $35,000. West Financial Advisors LLC increased its holdings in Costco Wholesale by 100.0% in the 2nd quarter. West Financial Advisors LLC now owns 100 shares of the retailer’s stock worth $40,000 after acquiring an additional 50 shares in the last quarter. PNC Managed Account Solutions Inc. purchased a new stake in Costco Wholesale in the 2nd quarter worth approximately $42,000. Finally, Sage Financial Management Group Inc. purchased a new stake in Costco Wholesale in the 1st quarter worth approximately $38,000. Institutional investors and hedge funds own 66.96% of the company’s stock.

In other Costco Wholesale news, VP Roland Michael Vachris sold 4,000 shares of Costco Wholesale stock in a transaction dated Monday, July 12th. The stock was sold at an average price of $409.40, for a total value of $1,637,600.00. Following the transaction, the vice president now owns 11,602 shares in the company, valued at $4,749,858.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Joseph P. Portera sold 3,287 shares of the business’s stock in a transaction dated Friday, August 13th. The stock was sold at an average price of $445.50, for a total value of $1,464,358.50. The disclosure for this sale can be found here. Insiders sold 11,287 shares of company stock valued at $4,686,519 over the last 90 days. 0.22% of the stock is currently owned by corporate insiders.

COST has been the subject of a number of research analyst reports. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $490.00 price objective for the company in a report on Monday, September 6th. Wells Fargo & Company raised their target price on shares of Costco Wholesale from $415.00 to $480.00 and gave the company an “overweight” rating in a report on Thursday, August 5th. Oppenheimer raised their target price on shares of Costco Wholesale from $480.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, September 2nd. Royal Bank of Canada raised their target price on shares of Costco Wholesale from $425.00 to $453.00 and gave the company an “outperform” rating in a report on Friday, May 28th. Finally, Jefferies Financial Group raised their target price on shares of Costco Wholesale from $500.00 to $525.00 and gave the company a “buy” rating in a report on Thursday, September 2nd. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Costco Wholesale presently has an average rating of “Buy” and an average target price of $441.32.

Shares of NASDAQ:COST traded up $3.25 on Wednesday, hitting $461.66. 42,837 shares of the company’s stock were exchanged, compared to its average volume of 2,265,726. Costco Wholesale Co. has a 12 month low of $307.00 and a 12 month high of $469.77. The stock has a market capitalization of $204.09 billion, a price-to-earnings ratio of 43.08, a price-to-earnings-growth ratio of 4.35 and a beta of 0.66. The business’s 50 day simple moving average is $438.72 and its two-hundred day simple moving average is $392.44. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.00 and a quick ratio of 0.50.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Investors of record on Friday, July 30th were issued a $0.79 dividend. The ex-dividend date of this dividend was Thursday, July 29th. This represents a $3.16 annualized dividend and a dividend yield of 0.68%. Costco Wholesale’s payout ratio is currently 35.71%.

Costco Wholesale Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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