Costco Wholesale Co. (NASDAQ:COST) Stock Holdings Boosted by Tredje AP fonden

Tredje AP fonden lifted its position in Costco Wholesale Co. (NASDAQ:COST) by 7.0% during the second quarter, Holdings Channel reports. The institutional investor owned 109,511 shares of the retailer’s stock after buying an additional 7,200 shares during the quarter. Costco Wholesale makes up approximately 0.9% of Tredje AP fonden’s investment portfolio, making the stock its 25th largest position. Tredje AP fonden’s holdings in Costco Wholesale were worth $93,083,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Frank Rimerman Advisors LLC bought a new stake in Costco Wholesale during the fourth quarter worth approximately $26,000. Redmont Wealth Advisors LLC bought a new position in shares of Costco Wholesale in the first quarter valued at $32,000. Financial Connections Group Inc. lifted its position in shares of Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after acquiring an additional 39 shares during the last quarter. Vima LLC bought a new stake in shares of Costco Wholesale during the 4th quarter worth $34,000. Finally, DSM Capital Partners LLC acquired a new position in shares of Costco Wholesale in the 4th quarter worth $36,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Insider Activity

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. DA Davidson reiterated a “neutral” rating and issued a $780.00 price target on shares of Costco Wholesale in a research report on Friday, September 6th. Bank of America boosted their price target on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Argus upped their price target on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Tigress Financial lifted their price objective 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. Finally, Oppenheimer raised their target price on Costco Wholesale from $925.00 to $955.00 and gave the stock an “outperform” rating in a research report on Friday, September 6th. Eight research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $844.52.

Costco Wholesale Trading Down 1.2 %

Shares of NASDAQ:COST opened at $897.27 on Wednesday. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $397.79 billion, a PE ratio of 55.59, a P/E/G ratio of 5.56 and a beta of 0.80. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $923.83. The firm has a fifty day moving average price of $862.32 and a 200 day moving average price of $808.65.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a dividend of $1.16 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) 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.