Delphia USA Inc. Invests $367,000 in Costco Wholesale Co. (NASDAQ:COST)

Delphia USA Inc. acquired a new stake in Costco Wholesale Co. (NASDAQ:COST) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 739 shares of the retailer’s stock, valued at approximately $367,000.

Several other hedge funds have also added to or reduced their stakes in the business. Corton Capital Inc. bought a new position in shares of Costco Wholesale during the first quarter valued at $419,000. Quarry LP raised its position in shares of Costco Wholesale by 133.8% during the first quarter. Quarry LP now owns 159 shares of the retailer’s stock worth $79,000 after acquiring an additional 91 shares during the last quarter. BRYN MAWR TRUST Co lifted its stake in shares of Costco Wholesale by 4.4% in the first quarter. BRYN MAWR TRUST Co now owns 2,631 shares of the retailer’s stock worth $1,307,000 after acquiring an additional 112 shares during the period. Nations Financial Group Inc. IA ADV boosted its holdings in Costco Wholesale by 8.2% in the first quarter. Nations Financial Group Inc. IA ADV now owns 10,012 shares of the retailer’s stock valued at $4,975,000 after acquiring an additional 759 shares during the last quarter. Finally, Washington Trust Bank increased its position in Costco Wholesale by 7.1% during the 1st quarter. Washington Trust Bank now owns 32,968 shares of the retailer’s stock valued at $16,381,000 after purchasing an additional 2,178 shares during the period. 66.31% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COST has been the topic of a number of recent analyst reports. Robert W. Baird boosted their price target on shares of Costco Wholesale from $535.00 to $550.00 in a research report on Friday, July 7th. VNET Group reaffirmed a “reiterates” rating on shares of Costco Wholesale in a research report on Thursday, June 29th. Stifel Nicolaus reissued a “buy” rating and issued a $575.00 price objective on shares of Costco Wholesale in a research report on Thursday, August 31st. Oppenheimer upped their target price on Costco Wholesale from $575.00 to $630.00 and gave the company an “outperform” rating in a research report on Tuesday, July 25th. Finally, Jefferies Financial Group lifted their target price on Costco Wholesale from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Five analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, Costco Wholesale has a consensus rating of “Moderate Buy” and a consensus price target of $566.63.

Costco Wholesale Stock Performance

Shares of NASDAQ:COST traded up $4.72 during midday trading on Monday, reaching $555.91. The company had a trading volume of 416,435 shares, compared to its average volume of 1,795,949. The stock has a market cap of $246.32 billion, a P/E ratio of 40.83, a P/E/G ratio of 4.05 and a beta of 0.79. The company’s 50 day moving average price is $548.95 and its 200 day moving average price is $517.30. The company has a current ratio of 1.08, a quick ratio of 0.57 and a debt-to-equity ratio of 0.28. Costco Wholesale Co. has a 52-week low of $447.90 and a 52-week high of $571.16.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were issued a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 24th. Costco Wholesale’s dividend payout ratio (DPR) is currently 30.22%.

Insider Buying and Selling

In other news, Director Susan L. Decker sold 1,565 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $533.00, for a total value of $834,145.00. Following the completion of the transaction, the director now directly owns 13,329 shares in the company, valued at $7,104,357. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Susan L. Decker sold 1,565 shares of Costco Wholesale stock in a transaction dated Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total transaction of $834,145.00. Following the completion of the sale, the director now owns 13,329 shares in the company, valued at approximately $7,104,357. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Richard A. Galanti sold 1,500 shares of the company’s stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $522.02, for a total transaction of $783,030.00. Following the completion of the transaction, the chief financial officer now owns 23,850 shares in the company, valued at $12,450,177. The disclosure for this sale can be found here. 0.22% of the stock is owned by insiders.

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, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.