Triasima Portfolio Management inc. Boosts Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Triasima Portfolio Management inc. boosted its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 62.1% during the second quarter, Holdings Channel reports. The firm owned 5,165 shares of the retailer’s stock after acquiring an additional 1,979 shares during the quarter. Triasima Portfolio Management inc.’s holdings in Costco Wholesale were worth $4,390,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ballentine Partners LLC lifted its position in shares of Costco Wholesale by 5.6% in the 2nd quarter. Ballentine Partners LLC now owns 9,508 shares of the retailer’s stock worth $8,082,000 after purchasing an additional 500 shares during the period. Arlington Trust Co LLC lifted its holdings in Costco Wholesale by 4.2% in the second quarter. Arlington Trust Co LLC now owns 2,829 shares of the retailer’s stock worth $2,405,000 after buying an additional 115 shares during the period. Caprock Group LLC boosted its position in Costco Wholesale by 68.7% during the 2nd quarter. Caprock Group LLC now owns 12,075 shares of the retailer’s stock valued at $10,264,000 after acquiring an additional 4,918 shares in the last quarter. Lynch & Associates IN boosted its position in 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. Finally, Certuity LLC grew its holdings in shares of Costco Wholesale by 8.5% during the 2nd quarter. Certuity LLC now owns 1,590 shares of the retailer’s stock worth $1,351,000 after acquiring an additional 124 shares during the period. Institutional investors own 68.48% of the company’s stock.

Costco Wholesale Stock Performance

Costco Wholesale stock traded down $9.30 during mid-day trading on Friday, reaching $876.68. 2,074,604 shares of the stock traded hands, compared to its average volume of 1,959,834. The stock has a market capitalization of $388.66 billion, a PE ratio of 54.32, a price-to-earnings-growth ratio of 5.98 and a beta of 0.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The business’s 50-day moving average is $857.45 and its 200-day moving average is $800.19. Costco Wholesale Co. has a 12-month low of $540.23 and a 12-month high of $918.93.

Costco Wholesale Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were paid a $1.16 dividend. This represents a $4.64 annualized dividend and a dividend yield of 0.53%. The ex-dividend date was Friday, July 26th. Costco Wholesale’s dividend payout ratio (DPR) is presently 28.75%.

Insider Buying and Selling

In other news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction on 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 directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Susan L. Decker sold 620 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction dated Friday, July 12th. The shares were 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 in the company, valued at $10,545,746.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,974 shares of company stock valued at $4,252,856. 0.18% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Loop Capital lifted their price target on Costco Wholesale from $970.00 to $975.00 and gave the company a “buy” rating in a research report on Friday. Evercore ISI increased their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. Robert W. Baird raised their target price on shares of Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research note on Thursday, July 11th. Finally, Gordon Haskett raised Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a research report on Thursday, August 8th. Seven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $828.73.

Costco Wholesale Company 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.