Costco Wholesale Co. (NASDAQ:COST) Stock Position Trimmed by Windward Capital Management Co. CA

Windward Capital Management Co. CA cut its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 2.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 72,935 shares of the retailer’s stock after selling 1,981 shares during the quarter. Costco Wholesale accounts for about 5.2% of Windward Capital Management Co. CA’s holdings, making the stock its 3rd biggest holding. Windward Capital Management Co. CA’s holdings in Costco Wholesale were worth $61,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Frank Rimerman Advisors LLC bought a new position in Costco Wholesale during the fourth quarter valued at approximately $26,000. Redmont Wealth Advisors LLC purchased a new position in Costco Wholesale in the 1st quarter worth $32,000. Vima LLC bought a new stake in Costco Wholesale in the fourth quarter worth $34,000. DSM Capital Partners LLC purchased a new stake in Costco Wholesale during the fourth quarter valued at about $36,000. Finally, Financial Connections Group Inc. grew its stake in shares of Costco Wholesale by 557.1% during the second quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Hedge funds and other institutional investors own 68.48% of the company’s stock.

Insiders Place Their Bets

In other news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Costco Wholesale news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the completion of the sale, 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 filing with the SEC, which can be accessed through this link. Also, insider Daniel M. Hines sold 1,500 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,974 shares of company stock valued at $4,252,856. 0.18% of the stock is owned by insiders.

Costco Wholesale Stock Down 1.0 %

Costco Wholesale stock opened at $876.68 on Friday. The firm has a market cap of $388.66 billion, a price-to-earnings ratio of 54.32, a PEG ratio of 5.98 and a beta of 0.80. The company has a current ratio of 0.94, a quick ratio of 0.45 and a debt-to-equity ratio of 0.27. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $918.93. The stock has a fifty day simple moving average of $857.45 and a two-hundred day simple moving average of $800.19.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Investors 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 yield of 0.53%. Costco Wholesale’s payout ratio is 28.75%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on COST shares. Stifel Nicolaus increased their target price on Costco Wholesale from $910.00 to $915.00 and gave the company a “buy” rating in a report on Friday. TD Cowen raised their target price on shares of Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a report on Friday, July 12th. Telsey Advisory Group reiterated an “outperform” rating and set a $925.00 price target on shares of Costco Wholesale in a report on Friday. Wells Fargo & Company upped their price objective on shares of Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Finally, Roth Mkm restated a “neutral” rating and set a $676.00 price target (up previously from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. Seven research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $828.73.

Costco Wholesale Profile

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.