Sage Capital Advisors llc Buys 738 Shares of Costco Wholesale Co. (NASDAQ:COST)

Sage Capital Advisors llc lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 9.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,275 shares of the retailer’s stock after buying an additional 738 shares during the quarter. Costco Wholesale comprises about 1.6% of Sage Capital Advisors llc’s holdings, making the stock its 21st largest position. Sage Capital Advisors llc’s holdings in Costco Wholesale were worth $4,455,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of COST. Moneta Group Investment Advisors LLC raised its holdings in Costco Wholesale by 118,320.2% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 7,396,524 shares of the retailer’s stock worth $3,376,513,000 after buying an additional 7,390,278 shares during the last quarter. Norges Bank purchased a new stake in Costco Wholesale in the 4th quarter valued at $2,328,844,000. Morgan Stanley boosted its holdings in Costco Wholesale by 18.0% during the 4th quarter. Morgan Stanley now owns 8,634,627 shares of the retailer’s stock worth $3,941,708,000 after acquiring an additional 1,315,174 shares during the last quarter. CI Private Wealth LLC bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $245,698,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Costco Wholesale by 10.6% during the first quarter. Bank of New York Mellon Corp now owns 5,595,523 shares of the retailer’s stock valued at $2,780,247,000 after purchasing an additional 535,776 shares in the last quarter. Institutional investors own 66.31% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ COST traded down $2.72 on Tuesday, hitting $560.00. The stock had a trading volume of 231,881 shares, compared to its average volume of 1,783,892. The firm has a 50-day moving average of $551.21 and a 200-day moving average of $519.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.57 and a current ratio of 1.08. Costco Wholesale Co. has a 52-week low of $447.90 and a 52-week high of $571.16. The company has a market capitalization of $248.14 billion, a price-to-earnings ratio of 41.68, a price-to-earnings-growth ratio of 4.11 and a beta of 0.79.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were given a $1.02 dividend. The ex-dividend date was Thursday, August 24th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 0.73%. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.22%.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 1,565 shares of the company’s stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total value of $834,145.00. Following the transaction, the director now directly owns 13,329 shares in the company, valued at approximately $7,104,357. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on COST. Robert W. Baird upped their target price on Costco Wholesale from $535.00 to $550.00 in a report on Friday, July 7th. Jefferies Financial Group raised their price objective on shares of Costco Wholesale from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Telsey Advisory Group reissued an “outperform” rating and set a $575.00 target price on shares of Costco Wholesale in a research report on Monday. Evercore ISI lifted their price target on shares of Costco Wholesale from $595.00 to $600.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Finally, Loop Capital increased their price objective on Costco Wholesale from $545.00 to $570.00 in a report on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $566.63.

Costco Wholesale Profile

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.