Costco Wholesale Co. (NASDAQ:COST) Holdings Raised by Arlington Trust Co LLC

Arlington Trust Co LLC raised its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 4.2% in the second quarter, Holdings Channel reports. The firm owned 2,829 shares of the retailer’s stock after buying an additional 115 shares during the period. Costco Wholesale accounts for 0.6% of Arlington Trust Co LLC’s investment portfolio, making the stock its 26th largest holding. Arlington Trust Co LLC’s holdings in Costco Wholesale were worth $2,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Costco Wholesale in the 4th quarter valued at $3,628,694,000. Global Assets Advisory LLC bought a new position in Costco Wholesale during the first quarter valued at about $510,353,000. Assenagon Asset Management S.A. lifted its position in shares of Costco Wholesale by 287.3% in the second quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock worth $710,802,000 after buying an additional 620,341 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of Costco Wholesale by 51,747.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock worth $5,266,000 after acquiring an additional 618,383 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado boosted its stake in shares of Costco Wholesale by 3,647.1% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 567,641 shares of the retailer’s stock worth $374,688,000 after acquiring an additional 552,492 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction dated 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 is available through this link. In related news, EVP Richard A. Galanti sold 500 shares of Costco Wholesale stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the transaction, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at $20,560,344. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $4,252,856 over the last three months. Company insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Evercore ISI boosted their target price on Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup boosted their price objective on shares of Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. DA Davidson reiterated a “neutral” rating and issued a $780.00 target price on shares of Costco Wholesale in a research note on Friday. Roth Mkm reiterated a “neutral” rating and issued a $676.00 target price (up previously from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $925.00 price target on shares of Costco Wholesale in a report on Friday. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $828.73.

Costco Wholesale Stock Down 1.0 %

Shares of COST opened at $876.68 on Friday. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average price of $857.45 and a two-hundred day moving average price of $800.19. The stock has a market cap of $388.66 billion, a price-to-earnings ratio of 54.32, a P/E/G ratio of 5.98 and a beta of 0.80. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $918.93.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio is 28.75%.

Costco Wholesale 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.