Wealthquest Corp Buys New Stake in Costco Wholesale Co. (NASDAQ:COST)

Wealthquest Corp bought a new stake in shares of Costco Wholesale Co. (NASDAQ:COST) in the second quarter, Holdings Channel.com reports. The institutional investor bought 508 shares of the retailer’s stock, valued at approximately $201,000.

Other large investors have also recently bought and sold shares of the company. Comgest Global Investors S.A.S. raised its holdings in shares of Costco Wholesale by 90.0% in the first quarter. Comgest Global Investors S.A.S. now owns 88,273 shares of the retailer’s stock worth $31,114,000 after buying an additional 41,805 shares during the last quarter. Ocean Capital Management LLC raised its holdings in shares of Costco Wholesale by 1.7% in the first quarter. Ocean Capital Management LLC now owns 55,808 shares of the retailer’s stock worth $19,607,000 after buying an additional 955 shares during the last quarter. Canada Pension Plan Investment Board raised its holdings in shares of Costco Wholesale by 48.2% in the first quarter. Canada Pension Plan Investment Board now owns 626,052 shares of the retailer’s stock worth $220,671,000 after buying an additional 203,639 shares during the last quarter. IHT Wealth Management LLC raised its holdings in shares of Costco Wholesale by 12.2% in the first quarter. IHT Wealth Management LLC now owns 6,842 shares of the retailer’s stock worth $2,412,000 after buying an additional 745 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its holdings in shares of Costco Wholesale by 27.5% in the first quarter. Mercer Global Advisors Inc. ADV now owns 35,371 shares of the retailer’s stock worth $12,467,000 after buying an additional 7,637 shares during the last quarter. 66.96% of the stock is owned by institutional investors.

Shares of NASDAQ:COST traded up $0.32 during midday trading on Wednesday, hitting $458.73. The company’s stock had a trading volume of 8,396 shares, compared to its average volume of 2,265,726. The business’s 50 day simple moving average is $438.72 and its 200 day simple moving average is $392.44. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.50 and a current ratio of 1.00. The company has a market cap of $202.79 billion, a P/E ratio of 43.08, a price-to-earnings-growth ratio of 4.35 and a beta of 0.66. Costco Wholesale Co. has a 12-month low of $307.00 and a 12-month high of $469.77.

The company also recently announced a quarterly dividend, which was paid on Friday, August 13th. Shareholders of record on Friday, July 30th were paid a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Thursday, July 29th. Costco Wholesale’s dividend payout ratio (DPR) is presently 35.71%.

In related news, VP Joseph P. Portera sold 3,287 shares of Costco Wholesale stock in a transaction that occurred on Friday, August 13th. The shares were sold at an average price of $445.50, for a total value of $1,464,358.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Timothy L. Rose sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 28th. The stock was sold at an average price of $396.14, for a total transaction of $1,584,560.00. Following the transaction, the vice president now owns 26,625 shares of the company’s stock, valued at approximately $10,547,227.50. The disclosure for this sale can be found here. Insiders have sold 11,287 shares of company stock worth $4,686,519 over the last ninety days. 0.22% of the stock is owned by insiders.

A number of analysts have recently weighed in on COST shares. DA Davidson increased their price objective on shares of Costco Wholesale from $350.00 to $390.00 and gave the stock a “neutral” rating in a research note on Thursday, August 5th. Morgan Stanley raised their price target on shares of Costco Wholesale from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, September 9th. Barclays raised their price target on shares of Costco Wholesale from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, May 28th. They noted that the move was a valuation call. Jefferies Financial Group raised their price target on shares of Costco Wholesale from $500.00 to $525.00 and gave the company a “buy” rating in a research report on Thursday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of Costco Wholesale from $364.00 to $399.00 and gave the company a “hold” rating in a research report on Thursday, September 2nd. Eight research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $441.32.

Costco Wholesale Company Profile

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.

See Also: Stock Symbol

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

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