Costco Wholesale Co. (NASDAQ:COST) Shares Acquired by Arlington Trust Co LLC

Arlington Trust Co LLC boosted its stake in Costco Wholesale Co. (NASDAQ:COST) by 4.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,829 shares of the retailer’s stock after acquiring an additional 115 shares during the period. Costco Wholesale accounts for 0.6% of Arlington Trust Co LLC’s portfolio, making the stock its 26th largest position. Arlington Trust Co LLC’s holdings in Costco Wholesale were worth $2,405,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in COST. Caprock Group LLC lifted its holdings in Costco Wholesale by 68.7% during the 2nd quarter. Caprock Group LLC now owns 12,075 shares of the retailer’s stock worth $10,264,000 after buying an additional 4,918 shares during the last quarter. Lynch & Associates IN raised its position in shares of Costco Wholesale by 7.5% during the 2nd quarter. Lynch & Associates IN now owns 360 shares of the retailer’s stock valued at $306,000 after acquiring an additional 25 shares in the last quarter. Certuity LLC lifted its stake in Costco Wholesale by 8.5% during the second quarter. Certuity LLC now owns 1,590 shares of the retailer’s stock worth $1,351,000 after purchasing an additional 124 shares during the last quarter. Counterweight Ventures LLC boosted its holdings in Costco Wholesale by 0.6% in the second quarter. Counterweight Ventures LLC now owns 3,790 shares of the retailer’s stock worth $3,221,000 after purchasing an additional 21 shares during the period. Finally, Custom Index Systems LLC increased its stake in Costco Wholesale by 23.4% during the second quarter. Custom Index Systems LLC now owns 1,687 shares of the retailer’s stock valued at $1,434,000 after purchasing an additional 320 shares during the last quarter. 68.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on COST. Robert W. Baird raised their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Truist Financial upped their target price on Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a report on Friday, May 31st. Oppenheimer raised their price target on Costco Wholesale from $925.00 to $955.00 and gave the stock an “outperform” rating in a report on Friday. DA Davidson restated a “neutral” rating and set a $780.00 price objective on shares of Costco Wholesale in a research note on Friday. Finally, Stifel Nicolaus raised their target price on Costco Wholesale from $910.00 to $915.00 and gave the company a “buy” rating in a research note on Friday. Seven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $828.73.

Insider Activity

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

Costco Wholesale Stock Performance

Shares of COST opened at $876.68 on Friday. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $918.93. The stock has a market capitalization of $388.66 billion, a P/E ratio of 54.32, a P/E/G ratio of 5.98 and a beta of 0.80. The firm’s 50 day moving average is $857.45 and its 200-day moving average is $800.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45.

Costco Wholesale Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were issued a $1.16 dividend. The ex-dividend date was Friday, July 26th. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. Costco Wholesale’s dividend payout ratio is currently 28.75%.

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.