Frisch Financial Group Inc. Has $976,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Frisch Financial Group Inc. increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 75.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,149 shares of the retailer’s stock after purchasing an additional 495 shares during the period. Frisch Financial Group Inc.’s holdings in Costco Wholesale were worth $976,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in COST. Oak Asset Management LLC grew its holdings in shares of Costco Wholesale by 0.3% in the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after acquiring an additional 12 shares in the last quarter. Peddock Capital Advisors LLC grew its holdings in shares of Costco Wholesale by 0.7% in the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock valued at $1,518,000 after acquiring an additional 12 shares in the last quarter. Bedel Financial Consulting Inc. grew its holdings in shares of Costco Wholesale by 1.3% in the first quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock valued at $729,000 after acquiring an additional 13 shares in the last quarter. Boltwood Capital Management grew its holdings in shares of Costco Wholesale by 1.7% in the second quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock valued at $671,000 after acquiring an additional 13 shares in the last quarter. Finally, LifePro Asset Management grew its holdings in shares of Costco Wholesale by 3.8% in the second quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock valued at $304,000 after acquiring an additional 13 shares in the last quarter. Institutional investors own 68.48% of the company’s stock.

Insider Buying and Selling

In related 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 value of $298,035.50. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Susan L. Decker sold 620 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the transaction, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Kenneth D. Denman sold 350 shares of the 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 transaction, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,974 shares of company stock worth $4,252,856. Corporate insiders own 0.18% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. 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 report on Monday, August 12th. Roth Mkm reaffirmed a “neutral” rating and issued a $676.00 target price (up from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. Deutsche Bank Aktiengesellschaft upped their target price on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a report on Thursday, August 8th. DA Davidson reiterated a “neutral” rating and issued a $780.00 price objective on shares of Costco Wholesale in a research note on Friday, September 6th. Finally, StockNews.com upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday, September 6th. Eight investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $844.52.

Costco Wholesale Trading Down 0.9 %

Shares of COST stock opened at $907.87 on Tuesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83. The company has a market capitalization of $402.49 billion, a PE ratio of 56.25, a price-to-earnings-growth ratio of 5.56 and a beta of 0.80. The business’s fifty day moving average is $862.11 and its 200 day moving average is $807.61.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were given 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 dividend yield of 0.51%. Costco Wholesale’s dividend payout ratio (DPR) is presently 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.