Vision Capital Management Inc. Sells 62 Shares of Costco Wholesale Co. (NASDAQ:COST)

Vision Capital Management Inc. trimmed its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.5% during the second quarter, Holdings Channel reports. The fund owned 12,378 shares of the retailer’s stock after selling 62 shares during the quarter. Costco Wholesale accounts for 1.6% of Vision Capital Management Inc.’s holdings, making the stock its 19th largest position. Vision Capital Management Inc.’s holdings in Costco Wholesale were worth $10,521,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. GR Financial Group LLC increased its position in Costco Wholesale by 7.8% in the 2nd quarter. GR Financial Group LLC now owns 1,121 shares of the retailer’s stock worth $953,000 after buying an additional 81 shares during the period. Doheny Asset Management CA increased its position in Costco Wholesale by 24.8% in the 2nd quarter. Doheny Asset Management CA now owns 5,042 shares of the retailer’s stock worth $4,286,000 after buying an additional 1,001 shares during the period. Hutchinson Capital Management CA increased its position in Costco Wholesale by 152.9% in the 2nd quarter. Hutchinson Capital Management CA now owns 1,664 shares of the retailer’s stock worth $1,414,000 after buying an additional 1,006 shares during the period. Provident Investment Management Inc. increased its position in Costco Wholesale by 84.0% in the 2nd quarter. Provident Investment Management Inc. now owns 920 shares of the retailer’s stock worth $782,000 after buying an additional 420 shares during the period. Finally, Andra AP fonden increased its position in Costco Wholesale by 2.8% in the 2nd quarter. Andra AP fonden now owns 33,100 shares of the retailer’s stock worth $28,135,000 after buying an additional 900 shares during the period. 68.48% of the stock is owned by institutional investors.

Insider Transactions at Costco Wholesale

In related news, insider Daniel M. Hines sold 1,500 shares of the firm’s 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 owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the transaction, the insider now owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan L. Decker sold 620 shares of the business’s 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 $10,320,787.50. The disclosure for this sale can be found here. Over the last three months, 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 Stock Performance

Costco Wholesale stock opened at $896.49 on Tuesday. The stock has a 50-day simple moving average of $858.47 and a 200 day simple moving average of $801.88. The stock has a market capitalization of $397.44 billion, a price-to-earnings ratio of 55.54, a P/E/G ratio of 5.33 and a beta of 0.80. 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 12-month low of $540.23 and a 12-month high of $918.93.

Costco Wholesale Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.52%. Costco Wholesale’s payout ratio is 28.75%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a research report on Thursday, August 8th. Argus raised their price objective on Costco Wholesale from $805.00 to $900.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. Morgan Stanley boosted their price objective on Costco Wholesale from $855.00 to $950.00 and gave the company an “overweight” rating in a research report on Monday. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and raised their target price for the stock from $860.00 to $890.00 in a research report on Tuesday. Finally, Oppenheimer boosted their price target on shares of Costco Wholesale from $925.00 to $955.00 and gave the company an “outperform” rating in a report on Friday. Eight analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $844.52.

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.