Costco Wholesale Co. (NASDAQ:COST) Shares Sold by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 11.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,985 shares of the retailer’s stock after selling 269 shares during the period. Vaughan David Investments LLC IL’s holdings in Costco Wholesale were worth $1,687,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Angeles Wealth Management LLC grew its holdings in shares of Costco Wholesale by 3.3% in the second quarter. Angeles Wealth Management LLC now owns 8,184 shares of the retailer’s stock valued at $6,956,000 after purchasing an additional 258 shares during the period. Carson Advisory Inc. grew its stake in shares of Costco Wholesale by 4.6% in the 2nd quarter. Carson Advisory Inc. now owns 342 shares of the retailer’s stock valued at $291,000 after buying an additional 15 shares during the period. MGO One Seven LLC increased its holdings in shares of Costco Wholesale by 36.2% during the 2nd quarter. MGO One Seven LLC now owns 12,393 shares of the retailer’s stock worth $10,534,000 after buying an additional 3,292 shares during the last quarter. AMJ Financial Wealth Management raised its position in shares of Costco Wholesale by 1.1% during the 2nd quarter. AMJ Financial Wealth Management now owns 9,196 shares of the retailer’s stock valued at $7,817,000 after buying an additional 101 shares during the period. Finally, Steigerwald Gordon & Koch Inc. lifted its holdings in Costco Wholesale by 1.7% in the second quarter. Steigerwald Gordon & Koch Inc. now owns 1,465 shares of the retailer’s stock valued at $1,245,000 after acquiring an additional 25 shares during the last quarter. 68.48% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on COST shares. Redburn Atlantic cut Costco Wholesale from a “buy” rating to a “neutral” rating and increased their price target for the stock from $860.00 to $890.00 in a report on Tuesday. Gordon Haskett upgraded shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target for the company in a research report on Thursday, August 8th. Roth Mkm restated a “neutral” rating and issued a $676.00 price objective (up from $650.00) on shares of Costco Wholesale in a report on Friday, May 31st. Truist Financial lifted their target price on shares of Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a report on Friday, May 31st. Finally, TD Cowen upped their price target on Costco Wholesale from $850.00 to $925.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Eight analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Costco Wholesale currently has an average rating of “Moderate Buy” and a consensus target price of $844.52.

Costco Wholesale Stock Performance

NASDAQ:COST opened at $900.40 on Thursday. The firm has a market capitalization of $399.18 billion, a PE ratio of 55.79, a price-to-earnings-growth ratio of 5.33 and a beta of 0.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The business’s fifty day moving average price is $859.92 and its 200 day moving average price is $803.66. Costco Wholesale Co. has a 12 month low of $540.23 and a 12 month high of $918.93.

Costco Wholesale Announces Dividend

The firm 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. This represents a $4.64 annualized dividend and a dividend yield of 0.52%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Insider Buying and Selling

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now owns 11,775 shares of the company’s stock, valued at $10,320,787.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Costco Wholesale news, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 620 shares of Costco Wholesale 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 owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Insiders sold a total of 4,974 shares of company stock worth $4,252,856 over the last 90 days. 0.18% of the stock is owned by insiders.

About Costco Wholesale

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.