Boenning & Scattergood Inc. Buys 400 Shares of Costco Wholesale Co. (NASDAQ:COST)

Boenning & Scattergood Inc. grew its stake in shares of Costco Wholesale Co. (NASDAQ:COSTGet Rating) by 4.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,465 shares of the retailer’s stock after acquiring an additional 400 shares during the quarter. Costco Wholesale comprises approximately 0.9% of Boenning & Scattergood Inc.’s portfolio, making the stock its 21st biggest position. Boenning & Scattergood Inc.’s holdings in Costco Wholesale were worth $5,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of COST. Contravisory Investment Management Inc. bought a new stake in Costco Wholesale in the 1st quarter worth about $26,000. Comprehensive Financial Consultants Institutional Inc. bought a new stake in Costco Wholesale in the 4th quarter worth about $30,000. Mystic Asset Management Inc. bought a new stake in Costco Wholesale in the 4th quarter worth about $40,000. Lansing Street Advisors bought a new stake in Costco Wholesale in the 1st quarter worth about $41,000. Finally, Cordant Inc. bought a new stake in Costco Wholesale in the 1st quarter worth about $47,000. 66.83% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. The Goldman Sachs Group lifted their price objective on Costco Wholesale from $516.00 to $573.00 and gave the stock a “buy” rating in a report on Thursday, August 4th. BMO Capital Markets reissued a “buy” rating and issued a $580.00 target price on shares of Costco Wholesale in a research report on Monday, May 30th. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, July 15th. Citigroup raised their target price on Costco Wholesale from $510.00 to $545.00 in a research report on Thursday, August 4th. Finally, Telsey Advisory Group dropped their target price on Costco Wholesale from $615.00 to $590.00 and set an “outperform” rating on the stock in a research report on Friday, May 27th. Four equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $575.36.

Costco Wholesale Stock Down 1.2 %

NASDAQ COST opened at $487.17 on Friday. The stock’s 50 day moving average is $529.73 and its 200 day moving average is $519.85. The company has a current ratio of 1.04, a quick ratio of 0.48 and a debt-to-equity ratio of 0.32. Costco Wholesale Co. has a 12 month low of $406.51 and a 12 month high of $612.27. The stock has a market cap of $215.80 billion, a PE ratio of 38.36, a P/E/G ratio of 3.72 and a beta of 0.70.

Costco Wholesale Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were issued a $0.09 dividend. The ex-dividend date of this dividend was Thursday, July 28th. This represents a $0.36 dividend on an annualized basis and a yield of 0.07%. Costco Wholesale’s dividend payout ratio is presently 28.35%.

Insider Buying and Selling

In other Costco Wholesale news, VP James P. Murphy sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total value of $787,800.00. Following the sale, the vice president now owns 36,230 shares of the company’s stock, valued at approximately $19,027,996. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Costco Wholesale news, Director Kenneth D. Denman sold 300 shares of Costco Wholesale stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $521.68, for a total value of $156,504.00. Following the sale, the director now owns 5,197 shares of the company’s stock, valued at approximately $2,711,170.96. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, VP James P. Murphy sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, July 20th. The stock was sold at an average price of $525.20, for a total value of $787,800.00. Following the completion of the sale, the vice president now directly owns 36,230 shares in the company, valued at approximately $19,027,996. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,800 shares of company stock valued at $1,449,904. Corporate insiders own 0.22% of the company’s stock.

Costco Wholesale Profile

(Get Rating)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.

See Also

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

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