Triasima Portfolio Management inc. Has $4.39 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

Triasima Portfolio Management inc. increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 62.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,165 shares of the retailer’s stock after buying an additional 1,979 shares during the period. Triasima Portfolio Management inc.’s holdings in Costco Wholesale were worth $4,390,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale during the 4th quarter valued at $26,000. Redmont Wealth Advisors LLC acquired a new stake in shares of Costco Wholesale in the 1st quarter valued at about $32,000. Financial Connections Group Inc. increased its position 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 in the last quarter. Vima LLC acquired a new position in Costco Wholesale during the 4th quarter worth approximately $34,000. Finally, DSM Capital Partners LLC bought a new position in Costco Wholesale in the fourth quarter worth approximately $36,000. Institutional investors own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on COST shares. Citigroup upped their target price on shares of Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Robert W. Baird increased their price objective on Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Telsey Advisory Group reiterated an “outperform” rating and issued a $925.00 target price on shares of Costco Wholesale in a research note on Friday. Argus boosted their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Seven 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.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $828.73.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Kenneth D. Denman sold 350 shares of the company’s 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 owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale 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 transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,974 shares of company stock valued at $4,252,856 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of COST stock traded down $9.30 during trading hours on Friday, reaching $876.68. The stock had a trading volume of 2,074,604 shares, compared to its average volume of 1,959,834. The stock’s fifty day simple moving average is $857.45 and its 200 day simple moving average is $800.19. The firm has a market capitalization of $388.66 billion, a PE ratio of 54.32, a PEG 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. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27.

Costco Wholesale Announces Dividend

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

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.