Nvest Financial LLC Has $320,000 Position in Costco Wholesale Co. (NASDAQ:COST)

Nvest Financial LLC decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 8.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 668 shares of the retailer’s stock after selling 65 shares during the quarter. Nvest Financial LLC’s holdings in Costco Wholesale were worth $320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the business. Ford Financial Group LLC lifted its position in shares of Costco Wholesale by 2.4% in the first quarter. Ford Financial Group LLC now owns 821 shares of the retailer’s stock worth $472,000 after purchasing an additional 19 shares in the last quarter. Fermata Advisors LLC increased its stake in Costco Wholesale by 5.1% in the 1st quarter. Fermata Advisors LLC now owns 394 shares of the retailer’s stock valued at $227,000 after buying an additional 19 shares during the last quarter. Strategic Investment Advisors MI lifted its position in Costco Wholesale by 1.9% during the 1st quarter. Strategic Investment Advisors MI now owns 1,026 shares of the retailer’s stock worth $591,000 after buying an additional 19 shares in the last quarter. Gill Capital Partners LLC boosted its stake in shares of Costco Wholesale by 2.2% during the 4th quarter. Gill Capital Partners LLC now owns 909 shares of the retailer’s stock worth $516,000 after buying an additional 20 shares during the last quarter. Finally, Retirement Solution Inc. grew its holdings in shares of Costco Wholesale by 1.1% in the 4th quarter. Retirement Solution Inc. now owns 1,919 shares of the retailer’s stock valued at $1,089,000 after acquiring an additional 20 shares in the last quarter. 66.83% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Costco Wholesale news, VP James P. Murphy sold 1,500 shares of Costco Wholesale stock in a transaction on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total value of $787,800.00. Following the completion of the transaction, the vice president now directly owns 36,230 shares of the company’s stock, valued at approximately $19,027,996. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Costco Wholesale news, Director Kenneth D. Denman sold 300 shares of the firm’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $521.68, for a total value of $156,504.00. Following the transaction, the director now directly owns 5,197 shares of the company’s stock, valued at approximately $2,711,170.96. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP James P. Murphy sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total transaction of $787,800.00. Following the sale, the vice president now directly owns 36,230 shares of the company’s stock, valued at approximately $19,027,996. The disclosure for this sale can be found here. Insiders have sold 2,800 shares of company stock valued at $1,449,904 over the last 90 days. 0.22% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on COST. The Goldman Sachs Group upped their target price on Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. Citigroup increased their price objective on Costco Wholesale from $510.00 to $545.00 in a report on Thursday, August 4th. Loop Capital lowered their target price on shares of Costco Wholesale from $610.00 to $585.00 in a report on Thursday, September 1st. BMO Capital Markets reiterated a “buy” rating and issued a $580.00 price target on shares of Costco Wholesale in a research note on Monday, May 30th. Finally, Evercore ISI boosted their price objective on shares of Costco Wholesale to $585.00 in a research note on Tuesday, September 6th. Four investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the stock. Based on data from MarketBeat.com, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $575.36.

Costco Wholesale Stock Performance

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

Costco Wholesale Cuts Dividend

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

Costco Wholesale Profile

(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.

See Also

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

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