Heritage Wealth Management LLC Reduces Holdings in Costco Wholesale Co. (NASDAQ:COST)

Heritage Wealth Management LLC lowered its position in Costco Wholesale Co. (NASDAQ:COST) by 12.1% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 814 shares of the retailer’s stock after selling 112 shares during the period. Heritage Wealth Management LLC’s holdings in Costco Wholesale were worth $322,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of COST. BlackRock Inc. grew its holdings in Costco Wholesale by 0.8% in the 2nd quarter. BlackRock Inc. now owns 29,955,779 shares of the retailer’s stock valued at $11,852,604,000 after buying an additional 229,495 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Costco Wholesale by 2.3% during the 1st quarter. Geode Capital Management LLC now owns 6,801,320 shares of the retailer’s stock valued at $2,390,245,000 after acquiring an additional 154,594 shares during the period. Northern Trust Corp boosted its holdings in Costco Wholesale by 0.3% during the 1st quarter. Northern Trust Corp now owns 6,036,880 shares of the retailer’s stock valued at $2,127,880,000 after acquiring an additional 18,941 shares during the period. Bank of New York Mellon Corp raised its position in Costco Wholesale by 13.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,113,982 shares of the retailer’s stock valued at $2,023,449,000 after purchasing an additional 593,908 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Costco Wholesale by 4.3% in the 2nd quarter. Alliancebernstein L.P. now owns 4,642,253 shares of the retailer’s stock valued at $1,836,800,000 after purchasing an additional 189,488 shares in the last quarter. Hedge funds and other institutional investors own 66.96% of the company’s stock.

Shares of NASDAQ:COST traded up $0.06 during trading on Wednesday, reaching $452.17. The stock had a trading volume of 16,469 shares, compared to its average volume of 2,263,324. Costco Wholesale Co. has a 52 week low of $307.00 and a 52 week high of $469.77. The business’s 50-day moving average price is $443.67 and its 200 day moving average price is $397.13. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.00 and a quick ratio of 0.50. The stock has a market capitalization of $199.89 billion, a PE ratio of 42.68, a P/E/G ratio of 4.35 and a beta of 0.66.

The company also recently announced a quarterly dividend, which was paid on Friday, August 13th. Stockholders of record on Friday, July 30th were paid a $0.79 dividend. This represents a $3.16 dividend on an annualized basis and a dividend yield of 0.70%. The ex-dividend date was Thursday, July 29th. Costco Wholesale’s dividend payout ratio (DPR) is currently 35.71%.

Several research analysts have commented on COST shares. Barclays lifted their price target on Costco Wholesale from $400.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, May 28th. They noted that the move was a valuation call. Oppenheimer reaffirmed a “buy” rating and set a $500.00 price objective on shares of Costco Wholesale in a report on Friday, September 17th. Deutsche Bank Aktiengesellschaft boosted their price target on Costco Wholesale from $364.00 to $399.00 and gave the stock a “hold” rating in a report on Thursday, September 2nd. Wells Fargo & Company upped their target price on Costco Wholesale from $415.00 to $480.00 and gave the company an “overweight” rating in a research note on Thursday, August 5th. Finally, Royal Bank of Canada boosted their price target on Costco Wholesale from $425.00 to $453.00 and gave the company an “outperform” rating in a research report on Friday, May 28th. Eight research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $441.32.

In other Costco Wholesale news, VP Timothy L. Rose sold 4,000 shares of Costco Wholesale stock in a transaction on Monday, June 28th. The shares were sold at an average price of $396.14, for a total transaction of $1,584,560.00. Following the completion of the sale, the vice president now owns 26,625 shares of the company’s stock, valued at approximately $10,547,227.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Joseph P. Portera sold 3,287 shares of Costco Wholesale stock in a transaction on Friday, August 13th. The stock was sold at an average price of $445.50, for a total transaction of $1,464,358.50. The disclosure for this sale can be found here. Insiders sold 11,287 shares of company stock valued at $4,686,519 in the last quarter. 0.22% of the stock is currently owned by corporate insiders.

Costco Wholesale Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.

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

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