10,638 Shares in Costco Wholesale Co. (NASDAQ:COST) Bought by Luts & Greenleigh Group Inc.

Luts & Greenleigh Group Inc. bought a new position in shares of Costco Wholesale Co. (NASDAQ:COST) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 10,638 shares of the retailer’s stock, valued at approximately $9,043,000. Costco Wholesale accounts for 9.4% of Luts & Greenleigh Group Inc.’s holdings, making the stock its 2nd biggest holding.

Other hedge funds have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC bought a new stake in shares of Costco Wholesale in the 4th quarter valued at $26,000. Redmont Wealth Advisors LLC bought a new position in Costco Wholesale during the first quarter worth $32,000. Financial Connections Group Inc. grew its holdings in 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 purchasing an additional 39 shares during the period. Vima LLC bought a new stake in Costco Wholesale in the fourth quarter valued at $34,000. Finally, DSM Capital Partners LLC acquired a new position in shares of Costco Wholesale during the fourth quarter valued at about $36,000. Institutional investors own 68.48% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. DA Davidson restated a “neutral” rating and issued a $780.00 target price on shares of Costco Wholesale in a research note on Friday, September 6th. Bank of America boosted their price objective on Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Argus boosted their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Telsey Advisory Group reiterated an “outperform” rating and set a $925.00 price objective on shares of Costco Wholesale in a report on Friday, September 6th. Finally, Morgan Stanley upped their target price on shares of Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a report on Monday, September 9th. Eight equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $844.52.

Insider Buying and Selling

In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total value of $298,035.50. Following the transaction, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 value of $298,035.50. Following the completion of the transaction, the director now directly owns 5,920 shares in the company, valued at $5,041,057.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,974 shares of company stock worth $4,252,856. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.9 %

Shares of COST opened at $907.87 on Tuesday. The business’s 50-day moving average price is $862.11 and its 200-day moving average price is $807.61. 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 Co. has a twelve month low of $540.23 and a twelve month high of $923.83. The stock has a market cap of $402.49 billion, a PE ratio of 56.25, a P/E/G ratio of 5.56 and a beta of 0.80.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.51%. Costco Wholesale’s payout ratio is currently 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.