Fidelity D & D Bancorp Inc. Purchases New Position in Costco Wholesale Co. (NASDAQ:COST)

Fidelity D & D Bancorp Inc. acquired a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 259 shares of the retailer’s stock, valued at approximately $220,000.

A number of other institutional investors have also recently bought and sold shares of COST. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at $26,000. Redmont Wealth Advisors LLC acquired a new stake in Costco Wholesale during the 1st quarter worth $32,000. Vima LLC bought a new position in Costco Wholesale during the fourth quarter worth about $34,000. DSM Capital Partners LLC acquired a new position in Costco Wholesale in the fourth quarter valued at about $36,000. Finally, Financial Connections Group Inc. increased its holdings in shares of Costco Wholesale by 557.1% in the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on COST shares. TD Cowen boosted their price objective on Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Robert W. Baird upped their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Truist Financial raised their price objective on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a report on Friday, May 31st. Oppenheimer upped their target price on shares of Costco Wholesale from $925.00 to $955.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Evercore ISI lifted their price target on Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday. Seven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $828.73.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the transaction, the director now directly owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,974 shares of company stock worth $4,252,856. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 1.0 %

Costco Wholesale stock opened at $876.68 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The stock has a 50-day simple moving average of $857.45 and a 200 day simple moving average of $799.68. The stock has a market capitalization 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 52 week low of $540.23 and a 52 week high of $918.93.

Costco Wholesale Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.53%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s payout ratio is presently 28.75%.

About Costco Wholesale

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.