Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Madison Wealth Partners Inc

Madison Wealth Partners Inc lessened its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.6% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 1,005 shares of the retailer’s stock after selling 16 shares during the quarter. Madison Wealth Partners Inc’s holdings in Costco Wholesale were worth $854,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the company. Gilbert & Cook Inc. raised its position in shares of Costco Wholesale by 57.3% during the 4th quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock worth $413,000 after acquiring an additional 228 shares in the last quarter. Aveo Capital Partners LLC raised its holdings in Costco Wholesale by 14.5% during the fourth quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock worth $703,000 after purchasing an additional 135 shares in the last quarter. Gryphon Financial Partners LLC lifted its position in Costco Wholesale by 62.6% in the fourth quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock valued at $2,184,000 after acquiring an additional 1,274 shares during the last quarter. TrinityPoint Wealth LLC grew its holdings in shares of Costco Wholesale by 15.5% during the fourth quarter. TrinityPoint Wealth LLC now owns 2,475 shares of the retailer’s stock worth $1,633,000 after purchasing an additional 332 shares during the last quarter. Finally, Associated Banc Corp increased its position in shares of Costco Wholesale by 1.4% during the fourth quarter. Associated Banc Corp now owns 1,577 shares of the retailer’s stock worth $1,041,000 after purchasing an additional 22 shares in the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Costco Wholesale Stock Performance

NASDAQ COST opened at $907.87 on Tuesday. The business has a 50 day moving average price of $862.11 and a 200 day moving average price of $807.61. The company has a market capitalization of $402.49 billion, a P/E ratio of 56.25, a PEG ratio of 5.56 and a beta of 0.80. Costco Wholesale Co. has a 1-year low of $540.23 and a 1-year high of $923.83. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on COST shares. Barclays raised their price target on Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Argus lifted their target price on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Bank of America increased their price target on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a research note on Thursday, July 11th. Tigress Financial lifted their price objective on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a research note on Tuesday, June 25th. Finally, Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a report on Thursday, August 8th. Eight equities 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, the company presently has an average rating of “Moderate Buy” and a consensus price target of $844.52.

Insider Buying and Selling

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the firm’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 transaction, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was 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 of the company’s stock, 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 in the last three months. Corporate insiders own 0.18% of the company’s stock.

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.