Costco Wholesale Co. (NASDAQ:COST) Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,666 shares of the retailer’s stock after buying an additional 988 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Costco Wholesale were worth $13,317,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Frank Rimerman Advisors LLC acquired a new position in Costco Wholesale during the fourth quarter worth about $26,000. Redmont Wealth Advisors LLC purchased a new position in shares of Costco Wholesale during the 1st quarter worth approximately $32,000. Vima LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth approximately $34,000. DSM Capital Partners LLC purchased a new stake in Costco Wholesale in the 4th quarter valued at approximately $36,000. Finally, Financial Connections Group Inc. grew its holdings in Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after buying an additional 39 shares during the last quarter. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Price Performance

Costco Wholesale stock opened at $907.87 on Tuesday. The firm has a fifty day moving average of $862.11 and a 200-day moving average of $807.61. Costco Wholesale Co. has a 52-week low of $540.23 and a 52-week high of $923.83. 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 market capitalization of $402.49 billion, a P/E ratio of 56.25, a PEG ratio of 5.56 and a beta of 0.80.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a $1.16 dividend. This represents a $4.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on COST. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, September 6th. Argus boosted their target price on shares of Costco Wholesale from $805.00 to $900.00 and gave the company a “buy” rating in a research note on Tuesday, May 28th. Stifel Nicolaus raised their price target on shares of Costco Wholesale from $910.00 to $915.00 and gave the stock a “buy” rating in a research note on Friday, September 6th. Bank of America lifted their price target on shares of Costco Wholesale from $874.00 to $962.00 and gave the stock a “buy” rating in a report on Thursday, July 11th. Finally, Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective on the stock in a research note on Thursday, August 8th. Eight equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $844.52.

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.