Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 67.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,167 shares of the retailer’s stock after purchasing an additional 1,672 shares during the quarter. Perennial Investment Advisors LLC’s holdings in Costco Wholesale were worth $3,542,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Oak Asset Management LLC boosted its holdings in shares of Costco Wholesale by 0.3% in the 2nd quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock valued at $3,737,000 after purchasing an additional 12 shares during the last quarter. Peddock Capital Advisors LLC boosted its holdings in shares of Costco Wholesale by 0.7% in the 2nd quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock valued at $1,518,000 after purchasing an additional 12 shares during the last quarter. Bedel Financial Consulting Inc. boosted its holdings in shares of Costco Wholesale by 1.3% in the 1st quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock valued at $729,000 after purchasing an additional 13 shares during the last quarter. Boltwood Capital Management boosted its holdings in shares of Costco Wholesale by 1.7% in the 2nd quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock valued at $671,000 after purchasing an additional 13 shares during the last quarter. Finally, LifePro Asset Management lifted its holdings in shares of Costco Wholesale by 3.8% during the 2nd quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock valued at $304,000 after acquiring an additional 13 shares in the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Redburn Atlantic lowered shares of Costco Wholesale from a “buy” rating to a “neutral” rating and lifted their target price for the company from $860.00 to $890.00 in a report on Tuesday, September 10th. Bank of America lifted their target price 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. StockNews.com upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Truist Financial lifted their price target on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Finally, Wells Fargo & Company lifted their price target on shares of Costco Wholesale from $775.00 to $800.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $844.52.

Insider Buying and Selling at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the business’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 transaction, the director now directly owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Richard A. Galanti sold 500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $874.05, for a total value of $437,025.00. Following the completion of the sale, the executive vice president now directly owns 22,900 shares of the company’s stock, valued at approximately $20,015,745. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was 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 of the company’s stock, valued at $10,320,787.50. The disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock valued at $4,252,856 in the last ninety days. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Trading Down 0.9 %

Costco Wholesale stock opened at $907.87 on Tuesday. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27. The firm has a 50-day moving average price of $862.11 and a two-hundred day moving average price of $807.61. The firm has a market capitalization of $402.49 billion, a price-to-earnings ratio of 56.25, a PEG ratio of 5.56 and a beta of 0.80. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83.

Costco Wholesale Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were paid a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s payout ratio is 28.75%.

Costco Wholesale Company 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.