Costco Wholesale Co. (NASDAQ:COST) Shares Purchased by Pure Financial Advisors LLC

Pure Financial Advisors LLC increased its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 1.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,838 shares of the retailer’s stock after acquiring an additional 81 shares during the period. Pure Financial Advisors LLC’s holdings in Costco Wholesale were worth $3,143,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. 626 Financial LLC grew its holdings in Costco Wholesale by 3.0% during the first quarter. 626 Financial LLC now owns 732 shares of the retailer’s stock worth $364,000 after acquiring an additional 21 shares during the period. Integral Investment Advisors Inc. increased its stake in Costco Wholesale by 1.5% in the 1st quarter. Integral Investment Advisors Inc. now owns 1,440 shares of the retailer’s stock worth $715,000 after purchasing an additional 21 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in Costco Wholesale by 0.7% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,994 shares of the retailer’s stock worth $1,488,000 after purchasing an additional 21 shares in the last quarter. TrinityPoint Wealth LLC increased its stake in Costco Wholesale by 1.0% in the 1st quarter. TrinityPoint Wealth LLC now owns 2,116 shares of the retailer’s stock worth $1,051,000 after purchasing an additional 21 shares in the last quarter. Finally, Capital Wealth Alliance LLC increased its stake in Costco Wholesale by 2.1% in the 1st quarter. Capital Wealth Alliance LLC now owns 1,007 shares of the retailer’s stock worth $500,000 after purchasing an additional 21 shares in the last quarter. 66.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Costco Wholesale

In related news, Director Susan L. Decker sold 1,565 shares of the business’s 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 transaction, the director now owns 13,329 shares of the company’s stock, valued at approximately $7,104,357. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Truist Financial lifted their price target on Costco Wholesale from $567.00 to $597.00 and gave the stock a “buy” rating in a research note on Thursday, August 3rd. Loop Capital lifted their price target on Costco Wholesale from $545.00 to $570.00 in a research note on Friday, June 2nd. Jefferies Financial Group lifted their target price on Costco Wholesale from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Telsey Advisory Group reissued an “outperform” rating and issued a $575.00 price target on shares of Costco Wholesale in a research report on Monday, August 28th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $575.00 price objective on shares of Costco Wholesale in a research report on Thursday, August 31st. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $566.63.

Costco Wholesale Trading Down 1.5 %

NASDAQ:COST opened at $556.36 on Friday. The company has a quick ratio of 0.57, a current ratio of 1.08 and a debt-to-equity ratio of 0.28. The company’s 50 day moving average is $551.21 and its 200-day moving average is $519.60. The firm has a market cap of $246.52 billion, a price-to-earnings ratio of 41.21, a P/E/G ratio of 4.17 and a beta of 0.79. Costco Wholesale Co. has a 12 month low of $447.90 and a 12 month high of $571.16.

Costco Wholesale Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend was Thursday, August 24th. Costco Wholesale’s dividend payout ratio is 30.22%.

About Costco Wholesale

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.