Northwest Wealth Management LLC Acquires 22 Shares of Costco Wholesale Co. (NASDAQ:COST)

Northwest Wealth Management LLC grew its stake in Costco Wholesale Co. (NASDAQ:COST) by 5.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 420 shares of the retailer’s stock after buying an additional 22 shares during the period. Northwest Wealth Management LLC’s holdings in Costco Wholesale were worth $357,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Oak Asset Management LLC raised its position in shares of Costco Wholesale by 0.3% in the second quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after purchasing an additional 12 shares during the period. Peddock Capital Advisors LLC raised its holdings in Costco Wholesale by 0.7% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock worth $1,518,000 after acquiring an additional 12 shares during the period. Bedel Financial Consulting Inc. lifted its position in Costco Wholesale by 1.3% during the 1st quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock worth $729,000 after acquiring an additional 13 shares during the last quarter. Boltwood Capital Management boosted its holdings in Costco Wholesale by 1.7% during the second quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock valued at $671,000 after acquiring an additional 13 shares during the period. Finally, LifePro Asset Management increased its stake in shares of Costco Wholesale by 3.8% in the second quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock worth $304,000 after purchasing an additional 13 shares during the period. Institutional investors own 68.48% of the company’s stock.

Insider Activity

In related news, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total value of $431,940.00. Following the completion of the transaction, the executive vice president now directly owns 23,800 shares of the company’s stock, valued at $20,560,344. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 11,775 shares in the company, valued at $10,320,787.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,974 shares of company stock worth $4,252,856. Insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 1.0 %

Shares of Costco Wholesale stock opened at $876.68 on Friday. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $918.93. The stock has a market capitalization of $388.66 billion, a P/E ratio of 54.32, a price-to-earnings-growth ratio of 5.98 and a beta of 0.80. The company has a 50-day simple moving average of $857.45 and a 200 day simple moving average of $799.68. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.

Costco Wholesale Announces Dividend

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

Analyst Ratings Changes

COST has been the topic of a number of research analyst reports. Citigroup raised their target price on Costco Wholesale from $710.00 to $800.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Oppenheimer raised their price objective on shares of Costco Wholesale from $925.00 to $955.00 and gave the stock an “outperform” rating in a research note on Friday. TD Cowen boosted their target price on shares of Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research report on Friday, July 12th. Tigress Financial increased their price target on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Finally, Bank of America boosted their price objective on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Seven equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $828.73.

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.