Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Pinion Investment Advisors LLC

Pinion Investment Advisors LLC trimmed its position in Costco Wholesale Co. (NASDAQ:COST) by 9.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,355 shares of the retailer’s stock after selling 138 shares during the quarter. Pinion Investment Advisors LLC’s holdings in Costco Wholesale were worth $1,152,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of COST. Hanson & Doremus Investment Management increased its holdings in Costco Wholesale by 0.8% in the second quarter. Hanson & Doremus Investment Management now owns 10,823 shares of the retailer’s stock valued at $9,199,000 after buying an additional 85 shares during the last quarter. Diversify Wealth Management LLC acquired a new position in shares of Costco Wholesale during the 2nd quarter worth about $6,534,000. Vista Capital Partners Inc. increased its holdings in shares of Costco Wholesale by 2.5% in the 2nd quarter. Vista Capital Partners Inc. now owns 2,566 shares of the retailer’s stock valued at $2,181,000 after acquiring an additional 62 shares during the last quarter. Lyell Wealth Management LP raised its position in shares of Costco Wholesale by 2.1% during the 2nd quarter. Lyell Wealth Management LP now owns 27,104 shares of the retailer’s stock worth $23,038,000 after acquiring an additional 548 shares in the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in Costco Wholesale by 52.1% during the second quarter. J.W. Cole Advisors Inc. now owns 7,645 shares of the retailer’s stock worth $6,499,000 after purchasing an additional 2,620 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Costco Wholesale

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

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Evercore ISI lifted their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday, September 6th. TD Cowen upped their price objective on shares of Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Citigroup lifted their target price on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a research report on Friday, May 31st. Finally, 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 research report on Thursday, August 8th. Eight analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average price target of $844.52.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $916.00 on Friday. Costco Wholesale Co. has a fifty-two week low of $540.23 and a fifty-two week high of $923.83. 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 stock has a market cap of $406.09 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 5.47 and a beta of 0.80. The firm’s fifty day simple moving average is $861.57 and its 200-day simple moving average is $806.04.

Costco Wholesale Announces Dividend

The company also recently disclosed 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 0.51%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s 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.