CSat Investment Advisory L.P. Acquires 482 Shares of Costco Wholesale Co. (NASDAQ:COST)

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CSat Investment Advisory L.P. grew its position in Costco Wholesale Co. (NASDAQ:COST) by 10.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,098 shares of the retailer’s stock after purchasing an additional 482 shares during the quarter. CSat Investment Advisory L.P.’s holdings in Costco Wholesale were worth $1,347,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. BKD Wealth Advisors LLC grew its holdings in shares of Costco Wholesale by 2.6% in the second quarter. BKD Wealth Advisors LLC now owns 1,533 shares of the retailer’s stock worth $405,000 after purchasing an additional 39 shares during the last quarter. Ferguson Wellman Capital Management Inc. grew its holdings in Costco Wholesale by 0.3% during the 2nd quarter. Ferguson Wellman Capital Management Inc. now owns 14,527 shares of the retailer’s stock worth $3,839,000 after acquiring an additional 40 shares in the last quarter. Northeast Financial Consultants Inc grew its holdings in Costco Wholesale by 4.8% during the 2nd quarter. Northeast Financial Consultants Inc now owns 882 shares of the retailer’s stock worth $233,000 after acquiring an additional 40 shares in the last quarter. Canton Hathaway LLC grew its holdings in Costco Wholesale by 41.0% during the 2nd quarter. Canton Hathaway LLC now owns 141 shares of the retailer’s stock worth $37,000 after acquiring an additional 41 shares in the last quarter. Finally, Sargent Investment Group LLC grew its holdings in Costco Wholesale by 2.0% during the 2nd quarter. Sargent Investment Group LLC now owns 2,241 shares of the retailer’s stock worth $592,000 after acquiring an additional 43 shares in the last quarter. Institutional investors and hedge funds own 71.08% of the company’s stock.

In other Costco Wholesale news, VP Roland Michael Vachris sold 3,700 shares of the firm’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $267.25, for a total transaction of $988,825.00. Following the completion of the transaction, the vice president now directly owns 13,578 shares of the company’s stock, valued at approximately $3,628,720.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan L. Decker sold 1,646 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $268.25, for a total transaction of $441,539.50. Following the transaction, the director now directly owns 41,803 shares of the company’s stock, valued at $11,213,654.75. The disclosure for this sale can be found here. Company insiders own 0.21% of the company’s stock.

Shares of Costco Wholesale stock traded down $1.47 during midday trading on Friday, hitting $286.36. The company had a trading volume of 2,556,335 shares, compared to its average volume of 2,485,770. The stock has a market cap of $128.61 billion, a price-to-earnings ratio of 41.93, a PEG ratio of 3.87 and a beta of 0.93. The company has a quick ratio of 0.48, a current ratio of 0.98 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $283.52 and a 200 day simple moving average of $259.76. Costco Wholesale Co. has a 12-month low of $189.51 and a 12-month high of $307.34.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a $0.65 dividend. This represents a $2.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend was Thursday, August 29th. Costco Wholesale’s payout ratio is currently 38.07%.

Several research analysts have issued reports on the stock. Tigress Financial reiterated a “buy” rating on shares of Costco Wholesale in a report on Friday, June 28th. Morgan Stanley raised their price target on shares of Costco Wholesale from $220.00 to $230.00 and gave the company an “equal weight” rating in a report on Monday, June 3rd. Telsey Advisory Group set a $305.00 price target on shares of Costco Wholesale and gave the company a “buy” rating in a report on Tuesday, September 3rd. Loop Capital raised their price target on shares of Costco Wholesale to $330.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Oppenheimer cut shares of Costco Wholesale from an “outperform” rating to a “market perform” rating and raised their price target for the company from $295.00 to $300.00 in a report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $285.09.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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