Ceera Investments LLC Sells 50 Shares of Costco Wholesale Co. (NASDAQ:COST)

Ceera Investments LLC trimmed its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,213 shares of the retailer’s stock after selling 50 shares during the quarter. Costco Wholesale accounts for approximately 2.2% of Ceera Investments LLC’s portfolio, making the stock its 13th largest holding. Ceera Investments LLC’s holdings in Costco Wholesale were worth $5,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC purchased a new position in Costco Wholesale in the 4th quarter worth $26,000. Redmont Wealth Advisors LLC purchased a new stake in Costco Wholesale in the first quarter worth about $32,000. Vima LLC bought a new position in Costco Wholesale during the 4th quarter valued at approximately $34,000. DSM Capital Partners LLC bought a new position in Costco Wholesale in the 4th quarter worth about $36,000. Finally, Financial Connections Group Inc. grew its holdings in shares of Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on COST shares. Loop Capital increased their price objective on shares of Costco Wholesale from $970.00 to $975.00 and gave the company a “buy” rating in a research report on Friday. Tigress Financial upped their target price on shares of Costco Wholesale from $870.00 to $975.00 and gave the stock a “buy” rating in a research report on Tuesday, June 25th. TD Cowen raised their target price on shares of Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a report on Friday, July 12th. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Evercore ISI increased their target price on Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $828.73.

Costco Wholesale Trading Down 1.0 %

Shares of COST stock traded down $9.30 on Friday, hitting $876.68. The stock had a trading volume of 2,074,604 shares, compared to its average volume of 1,959,834. The firm has a market cap of $388.66 billion, a P/E ratio of 54.32, a PEG ratio of 5.98 and a beta of 0.80. Costco Wholesale Co. has a twelve month low of $540.23 and a twelve month high of $918.93. The company has a fifty day moving average price of $857.45 and a two-hundred day moving average price of $799.68. 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 declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a $1.16 dividend. The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a yield of 0.53%. Costco Wholesale’s dividend payout ratio is 28.75%.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total transaction of $298,035.50. Following the sale, the director now owns 5,920 shares of the company’s stock, valued at $5,041,057.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of the stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the transaction, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $4,252,856 in the last ninety days. Insiders own 0.18% of the company’s stock.

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.