Armstrong Advisory Group Inc. Has $325,000 Stock Position in Costco Wholesale Co. (NASDAQ:COST)

Armstrong Advisory Group Inc. lowered its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 15.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 604 shares of the retailer’s stock after selling 110 shares during the period. Armstrong Advisory Group Inc.’s holdings in Costco Wholesale were worth $325,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Sanctuary Wealth Management L.L.C. acquired a new position in shares of Costco Wholesale during the fourth quarter valued at about $26,000. Agur Provident & Training Funds Management Ltd. bought a new stake in shares of Costco Wholesale during the first quarter worth about $42,000. 25 LLC bought a new stake in shares of Costco Wholesale during the first quarter worth about $44,000. Piscataqua Savings Bank grew its position in Costco Wholesale by 30.1% in the 1st quarter. Piscataqua Savings Bank now owns 95 shares of the retailer’s stock worth $47,000 after purchasing an additional 22 shares in the last quarter. Finally, Guardian Wealth Advisors LLC bought a new stake in Costco Wholesale in the 1st quarter worth about $47,000. Institutional investors and hedge funds own 66.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Robert W. Baird upped their price objective on shares of Costco Wholesale from $535.00 to $550.00 in a research report on Friday, July 7th. Telsey Advisory Group reissued an “outperform” rating and set a $575.00 target price on shares of Costco Wholesale in a research report on Monday, August 28th. Oppenheimer increased their target price on shares of Costco Wholesale from $575.00 to $630.00 and gave the company an “outperform” rating in a research report on Tuesday, July 25th. VNET Group reissued a “reiterates” rating on shares of Costco Wholesale in a research report on Thursday, June 29th. Finally, Truist Financial upped their price target on shares of Costco Wholesale from $567.00 to $597.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $566.63.

Insiders Place Their Bets

In other Costco Wholesale news, Director Susan L. Decker sold 1,565 shares of the firm’s stock in a transaction 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 sale, the director now owns 13,329 shares of the company’s stock, valued at approximately $7,104,357. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.22% of the company’s stock.

Costco Wholesale Price Performance

COST stock opened at $564.77 on Friday. The firm has a market cap of $250.25 billion, a P/E ratio of 41.83, a P/E/G ratio of 4.13 and a beta of 0.79. Costco Wholesale Co. has a 52 week low of $447.90 and a 52 week high of $571.16. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.57 and a current ratio of 1.08. The firm’s fifty day moving average is $550.04 and its 200 day moving average is $518.55.

Costco Wholesale Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend was Thursday, August 24th. Costco Wholesale’s dividend payout ratio (DPR) is presently 30.22%.

Costco Wholesale 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.