Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Monterey Private Wealth Inc.

Monterey Private Wealth Inc. increased its position in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 2.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,034 shares of the retailer’s stock after buying an additional 109 shares during the period. Costco Wholesale accounts for 1.1% of Monterey Private Wealth Inc.’s holdings, making the stock its 19th biggest position. Monterey Private Wealth Inc.’s holdings in Costco Wholesale were worth $1,933,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Fortune 45 LLC boosted its holdings in Costco Wholesale by 8.6% during the first quarter. Fortune 45 LLC now owns 696 shares of the retailer’s stock worth $401,000 after buying an additional 55 shares in the last quarter. Mather Group LLC. boosted its holdings in Costco Wholesale by 15.2% during the first quarter. Mather Group LLC. now owns 2,316 shares of the retailer’s stock worth $1,334,000 after buying an additional 306 shares in the last quarter. Park National Corp OH boosted its holdings in Costco Wholesale by 1.6% during the second quarter. Park National Corp OH now owns 30,301 shares of the retailer’s stock worth $14,522,000 after buying an additional 463 shares in the last quarter. Amalgamated Bank boosted its holdings in Costco Wholesale by 4.4% during the first quarter. Amalgamated Bank now owns 126,327 shares of the retailer’s stock worth $72,745,000 after buying an additional 5,278 shares in the last quarter. Finally, CHICAGO TRUST Co NA lifted its holdings in Costco Wholesale by 3.6% during the first quarter. CHICAGO TRUST Co NA now owns 6,081 shares of the retailer’s stock valued at $3,502,000 after purchasing an additional 209 shares in the last quarter. 66.83% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, VP James P. Murphy sold 1,500 shares of the firm’s stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total transaction of $787,800.00. Following the completion of the sale, the vice president now directly owns 36,230 shares in the company, valued at $19,027,996. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Costco Wholesale news, CFO Richard A. Galanti sold 1,000 shares of Costco Wholesale stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $505.60, for a total transaction of $505,600.00. Following the completion of the sale, the chief financial officer now directly owns 25,750 shares in the company, valued at $13,019,200. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP James P. Murphy sold 1,500 shares of Costco Wholesale stock in a transaction dated Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total transaction of $787,800.00. Following the sale, the vice president now owns 36,230 shares of the company’s stock, valued at $19,027,996. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,800 shares of company stock worth $1,449,904. Insiders own 0.22% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on COST shares. Telsey Advisory Group decreased their price objective on shares of Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating on the stock in a report on Friday, May 27th. BMO Capital Markets reaffirmed a “buy” rating and set a $580.00 price objective on shares of Costco Wholesale in a report on Monday, May 30th. Oppenheimer increased their price objective on shares of Costco Wholesale from $535.00 to $600.00 in a report on Thursday, August 4th. Evercore ISI increased their price objective on shares of Costco Wholesale to $585.00 in a report on Tuesday, September 6th. Finally, The Goldman Sachs Group increased their price objective on shares of Costco Wholesale from $516.00 to $573.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the stock. According to MarketBeat.com, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $575.36.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $487.17 on Friday. Costco Wholesale Co. has a 12-month low of $406.51 and a 12-month high of $612.27. The stock has a market cap of $215.80 billion, a P/E ratio of 38.36, a PEG ratio of 3.72 and a beta of 0.70. The company has a 50-day moving average price of $529.73 and a 200 day moving average price of $519.85. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32.

Costco Wholesale Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.07%. The ex-dividend date was Thursday, July 28th. Costco Wholesale’s payout ratio is currently 28.35%.

About Costco Wholesale

(Get Rating)

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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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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