Riversedge Advisors LLC Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Riversedge Advisors LLC boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 858 shares of the retailer’s stock after purchasing an additional 13 shares during the period. Riversedge Advisors LLC’s holdings in Costco Wholesale were worth $729,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Oak Asset Management LLC boosted its holdings in shares of Costco Wholesale by 0.3% in the 2nd quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after buying an additional 12 shares during the last quarter. Peddock Capital Advisors LLC boosted its stake in Costco Wholesale by 0.7% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after purchasing an additional 12 shares in the last quarter. Bedel Financial Consulting Inc. increased its position in shares of Costco Wholesale by 1.3% during the 1st quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock valued at $729,000 after purchasing an additional 13 shares during the last quarter. Boltwood Capital Management increased its position in shares of Costco Wholesale by 1.7% during the 2nd quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock valued at $671,000 after purchasing an additional 13 shares during the last quarter. Finally, LifePro Asset Management boosted its stake in Costco Wholesale by 3.8% in the 2nd quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock worth $304,000 after purchasing an additional 13 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the company’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 transaction, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,970 shares of company stock valued at $4,249,526. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 2.3 %

NASDAQ:COST traded down $20.85 during midday trading on Wednesday, hitting $888.05. The stock had a trading volume of 1,664,873 shares, compared to its average volume of 1,964,828. Costco Wholesale Co. has a one year low of $534.34 and a one year high of $918.93. The stock has a 50-day moving average of $852.49 and a 200 day moving average of $791.51. 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 company has a market capitalization of $393.70 billion, a price-to-earnings ratio of 55.02, a PEG ratio of 5.84 and a beta of 0.78.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, May 30th. The retailer reported $3.78 EPS for the quarter, topping the consensus estimate of $3.70 by $0.08. Costco Wholesale had a net margin of 2.83% and a return on equity of 30.02%. The business had revenue of $58.52 billion during the quarter, compared to the consensus estimate of $58.16 billion. During the same quarter in the previous year, the firm posted $3.43 earnings per share. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Costco Wholesale Co. will post 15.98 EPS for the current year.

Costco Wholesale Announces Dividend

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

Analyst Ratings Changes

COST has been the subject of a number of research reports. StockNews.com raised shares of Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Sunday, June 2nd. Barclays increased their price objective on shares of Costco Wholesale from $765.00 to $830.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Wells Fargo & Company increased their target price on shares of Costco Wholesale from $775.00 to $800.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 11th. Loop Capital raised their price target on shares of Costco Wholesale from $940.00 to $970.00 and gave the stock a “buy” rating in a research report on Thursday, July 11th. Finally, Roth Mkm reaffirmed a “neutral” rating and issued a $676.00 target price (up from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $824.50.

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.