Atticus Wealth Management LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST – Get Rating) by 4.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,269 shares of the retailer’s stock after buying an additional 152 shares during the quarter. Atticus Wealth Management LLC’s holdings in Costco Wholesale were worth $1,567,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of COST. Contravisory Investment Management Inc. purchased a new position in Costco Wholesale in the 1st quarter valued at about $26,000. Comprehensive Financial Consultants Institutional Inc. purchased a new position in Costco Wholesale in the 4th quarter worth approximately $30,000. Mystic Asset Management Inc. purchased a new position in Costco Wholesale in the 4th quarter worth approximately $40,000. Lansing Street Advisors purchased a new position in Costco Wholesale in the 1st quarter worth approximately $41,000. Finally, Cordant Inc. purchased a new position in Costco Wholesale in the 1st quarter worth approximately $47,000. 66.83% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have weighed in on COST. The Goldman Sachs Group raised their target price on shares of Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Telsey Advisory Group decreased their target price on shares of Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating on the stock in a research note on Friday, May 27th. Evercore ISI lifted their price target on shares of Costco Wholesale to $585.00 in a research report on Tuesday, September 6th. Oppenheimer lifted their price target on shares of Costco Wholesale from $535.00 to $600.00 in a research report on Thursday, August 4th. Finally, Raymond James lifted their price target on shares of Costco Wholesale from $560.00 to $600.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Four analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus price target of $575.36.
Insiders Place Their Bets
Costco Wholesale Stock Down 1.2 %
Costco Wholesale stock opened at $487.17 on Friday. The firm has a 50 day moving average price of $529.73 and a 200 day moving average price of $519.85. The company has a market capitalization of $215.80 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 3.72 and a beta of 0.70. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 1.04. Costco Wholesale Co. has a fifty-two week low of $406.51 and a fifty-two week high of $612.27.
Costco Wholesale Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Shareholders of record on Friday, July 29th were paid a $0.09 dividend. The ex-dividend date was Thursday, July 28th. This represents a $0.36 annualized dividend and a dividend yield of 0.07%. Costco Wholesale’s dividend payout ratio (DPR) is 28.35%.
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, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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