Sargent Investment Group LLC Purchases 223 Shares of Costco Wholesale Co. (NASDAQ:COST)

Sargent Investment Group LLC grew its position in Costco Wholesale Co. (NASDAQ:COST) by 6.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,891 shares of the retailer’s stock after acquiring an additional 223 shares during the quarter. Sargent Investment Group LLC’s holdings in Costco Wholesale were worth $3,307,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of the company. GDS Wealth Management raised its stake in Costco Wholesale by 11.8% during the second quarter. GDS Wealth Management now owns 606 shares of the retailer’s stock valued at $515,000 after purchasing an additional 64 shares in the last quarter. Moors & Cabot Inc. increased its holdings in shares of Costco Wholesale by 12.3% in the 2nd quarter. Moors & Cabot Inc. now owns 10,236 shares of the retailer’s stock worth $8,701,000 after buying an additional 1,122 shares during the last quarter. Luts & Greenleigh Group Inc. purchased a new stake in shares of Costco Wholesale during the 2nd quarter valued at about $9,043,000. WealthPLAN Partners LLC lifted its holdings in shares of Costco Wholesale by 3.8% in the 2nd quarter. WealthPLAN Partners LLC now owns 15,269 shares of the retailer’s stock valued at $12,979,000 after acquiring an additional 558 shares during the last quarter. Finally, Wulff Hansen & CO. grew its position in Costco Wholesale by 99,208.6% in the second quarter. Wulff Hansen & CO. now owns 1,474,733 shares of the retailer’s stock worth $1,253,508,000 after acquiring an additional 1,473,248 shares in the last quarter. 68.48% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Costco Wholesale

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the completion of the sale, the insider now owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, Director Kenneth D. Denman sold 350 shares of the firm’s 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 completion of the transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction dated Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at approximately $10,545,746.40. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock valued at $4,252,856 in the last ninety days. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Price Performance

NASDAQ COST opened at $907.87 on Tuesday. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $923.83. The firm’s fifty day simple moving average is $862.11 and its two-hundred day simple moving average is $807.61. The company has a current ratio of 0.94, a quick ratio of 0.45 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 P/E/G ratio of 5.56 and a beta of 0.80.

Costco Wholesale Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on COST. Stifel Nicolaus raised their price objective on Costco Wholesale from $910.00 to $915.00 and gave the company a “buy” rating in a research note on Friday, September 6th. StockNews.com upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, September 6th. TD Cowen boosted their price objective on shares of Costco Wholesale from $850.00 to $925.00 and gave the company a “buy” rating in a research report on Friday, July 12th. DA Davidson reissued a “neutral” rating and issued a $780.00 target price on shares of Costco Wholesale in a research note on Friday, September 6th. Finally, Truist Financial lifted their price target on shares of Costco Wholesale from $815.00 to $873.00 and gave the stock a “buy” rating in a research note on Friday, May 31st. Eight analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.