Scarborough Advisors LLC Buys 59 Shares of Costco Wholesale Co. (NASDAQ:COST)

Scarborough Advisors LLC increased its position in Costco Wholesale Co. (NASDAQ:COST) by 9.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 664 shares of the retailer’s stock after purchasing an additional 59 shares during the period. Scarborough Advisors LLC’s holdings in Costco Wholesale were worth $564,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Costco Wholesale in the 4th quarter worth $3,628,694,000. Global Assets Advisory LLC purchased a new stake in shares of Costco Wholesale during the first quarter valued at $510,353,000. Assenagon Asset Management S.A. boosted its position in shares of Costco Wholesale by 287.3% during the second quarter. Assenagon Asset Management S.A. now owns 836,247 shares of the retailer’s stock valued at $710,802,000 after buying an additional 620,341 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in Costco Wholesale by 51,747.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 619,578 shares of the retailer’s stock worth $5,266,000 after buying an additional 618,383 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado raised its position in Costco Wholesale by 3,647.1% in the 4th quarter. Public Employees Retirement Association of Colorado now owns 567,641 shares of the retailer’s stock worth $374,688,000 after buying an additional 552,492 shares during the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on COST shares. Oppenheimer raised their price target on shares of Costco Wholesale from $925.00 to $955.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Argus lifted their target price on shares of Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Tigress Financial boosted their target price 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. Stifel Nicolaus raised their price target on Costco Wholesale from $910.00 to $915.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $925.00 price objective on shares of Costco Wholesale in a research report on Friday, September 6th. Eight equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $844.52.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $915.03 on Friday. The stock has a 50-day moving average price of $860.97 and a 200 day moving average price of $804.43. The stock has a market capitalization of $405.66 billion, a P/E ratio of 56.69, a P/E/G ratio of 5.47 and a beta of 0.80. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $918.93. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27.

Costco Wholesale Dividend Announcement

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

Insider Transactions at Costco Wholesale

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

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.