Vanguard Capital Wealth Advisors Grows Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Vanguard Capital Wealth Advisors lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.9% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,148 shares of the retailer’s stock after acquiring an additional 32 shares during the quarter. Costco Wholesale makes up approximately 0.7% of Vanguard Capital Wealth Advisors’ holdings, making the stock its 29th biggest holding. Vanguard Capital Wealth Advisors’ holdings in Costco Wholesale were worth $976,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Gilbert & Cook Inc. increased its holdings in Costco Wholesale by 57.3% during the fourth quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock valued at $413,000 after buying an additional 228 shares during the period. Aveo Capital Partners LLC increased its holdings in shares of Costco Wholesale by 14.5% in the 4th quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock valued at $703,000 after acquiring an additional 135 shares during the period. Gryphon Financial Partners LLC raised its position in shares of Costco Wholesale by 62.6% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock worth $2,184,000 after acquiring an additional 1,274 shares in the last quarter. Foundations Investment Advisors LLC lifted its stake in shares of Costco Wholesale by 33.5% during the 4th quarter. Foundations Investment Advisors LLC now owns 3,909 shares of the retailer’s stock worth $2,754,000 after purchasing an additional 980 shares during the last quarter. Finally, KLR Investment Advisors LLC bought a new stake in Costco Wholesale during the fourth quarter valued at about $271,000. Institutional investors own 68.48% of the company’s stock.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction that occurred on 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 $10,545,746.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other 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 transaction of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. Insiders sold a total of 4,974 shares of company stock worth $4,252,856 in the last 90 days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

Shares of NASDAQ COST opened at $900.40 on Thursday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The firm’s 50 day simple moving average is $859.92 and its 200-day simple moving average is $803.66. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $918.93. The stock has a market capitalization of $399.18 billion, a price-to-earnings ratio of 55.79, a PEG ratio of 5.33 and a beta of 0.80.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a $1.16 dividend. The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Evercore ISI increased their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research report on Friday, September 6th. StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Bank of America upped their price target on Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. TD Cowen raised their price objective on Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Finally, BMO Capital Markets upped their target price on Costco Wholesale from $875.00 to $950.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Eight investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $844.52.

Costco Wholesale Company 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.