Weil Company Inc. Buys 39 Shares of Costco Wholesale Co. (NASDAQ:COST)

Weil Company Inc. boosted its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 5.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 812 shares of the retailer’s stock after acquiring an additional 39 shares during the period. Weil Company Inc.’s holdings in Costco Wholesale were worth $690,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Frank Rimerman Advisors LLC bought a new position in shares of Costco Wholesale in the fourth quarter worth $26,000. Redmont Wealth Advisors LLC acquired a new stake in Costco Wholesale during the first quarter worth about $32,000. Vima LLC bought a new position in Costco Wholesale in the 4th quarter valued at about $34,000. DSM Capital Partners LLC acquired a new position in shares of Costco Wholesale in the 4th quarter valued at approximately $36,000. Finally, Financial Connections Group Inc. lifted its holdings in shares of Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock worth $39,000 after acquiring an additional 39 shares during the period. 68.48% of the stock is owned by institutional investors and hedge funds.

Costco Wholesale Stock Performance

Shares of COST stock opened at $876.68 on Friday. 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 Co. has a one year low of $540.23 and a one year high of $918.93. The business’s 50 day simple moving average is $857.45 and its 200 day simple moving average is $799.68. The stock has a market capitalization of $388.66 billion, a PE ratio of 54.32, a PEG ratio of 5.98 and a beta of 0.80.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a dividend of $1.16 per share. 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%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COST shares. Oppenheimer lifted their price objective on shares of Costco Wholesale from $925.00 to $955.00 and gave the company an “outperform” rating in a research note on Friday. Evercore ISI boosted their price target on Costco Wholesale from $915.00 to $925.00 and gave the stock an “outperform” rating in a report on Friday. StockNews.com upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday. Robert W. Baird lifted their target price on Costco Wholesale from $850.00 to $975.00 and gave the company an “outperform” rating in a research 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 target price for the company in a report on Thursday, August 8th. Seven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $828.73.

Insider Buying and Selling

In other Costco Wholesale news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Richard A. Galanti sold 500 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $863.88, for a total transaction of $431,940.00. Following the transaction, the executive vice president now owns 23,800 shares in the company, valued at approximately $20,560,344. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Daniel M. Hines sold 1,500 shares of the firm’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $844.20, for a total transaction 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 disclosure for this sale can be found here. Insiders sold 4,974 shares of company stock valued at $4,252,856 over the last quarter. Insiders own 0.18% of the company’s stock.

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.