Costco Wholesale Co. (NASDAQ:COST) Holdings Raised by Beese Fulmer Investment Management Inc.

Beese Fulmer Investment Management Inc. raised its stake in Costco Wholesale Co. (NASDAQ:COST) by 0.1% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 30,981 shares of the retailer’s stock after purchasing an additional 19 shares during the period. Costco Wholesale accounts for approximately 1.8% of Beese Fulmer Investment Management Inc.’s holdings, making the stock its 10th biggest holding. Beese Fulmer Investment Management Inc.’s holdings in Costco Wholesale were worth $16,680,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. High Net Worth Advisory Group LLC increased its position in shares of Costco Wholesale by 21.5% in the 1st quarter. High Net Worth Advisory Group LLC now owns 3,020 shares of the retailer’s stock worth $1,501,000 after purchasing an additional 534 shares during the last quarter. Welch & Forbes LLC boosted its stake in Costco Wholesale by 0.6% during the 1st quarter. Welch & Forbes LLC now owns 172,597 shares of the retailer’s stock valued at $85,758,000 after purchasing an additional 1,091 shares during the period. Fragasso Group Inc. boosted its stake in Costco Wholesale by 12.6% during the 2nd quarter. Fragasso Group Inc. now owns 626 shares of the retailer’s stock valued at $337,000 after purchasing an additional 70 shares during the period. Xponance Inc. boosted its stake in Costco Wholesale by 8.6% during the 1st quarter. Xponance Inc. now owns 105,822 shares of the retailer’s stock valued at $52,580,000 after purchasing an additional 8,371 shares during the period. Finally, Hall Laurie J Trustee boosted its stake in Costco Wholesale by 19.2% during the 1st quarter. Hall Laurie J Trustee now owns 378 shares of the retailer’s stock valued at $188,000 after purchasing an additional 61 shares during the period. Institutional investors own 66.31% of the company’s stock.

Costco Wholesale Stock Down 0.1 %

Costco Wholesale stock opened at $555.99 on Monday. The firm has a market cap of $246.36 billion, a PE ratio of 41.21, a P/E/G ratio of 4.17 and a beta of 0.79. 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 50 day moving average price is $551.21 and its two-hundred day moving average price is $519.89. Costco Wholesale Co. has a twelve month low of $447.90 and a twelve month high of $571.16.

Costco Wholesale Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Oppenheimer boosted their target price on shares of Costco Wholesale from $575.00 to $630.00 and gave the company an “outperform” rating in a research note on Tuesday, July 25th. Loop Capital upped their price target on shares of Costco Wholesale from $545.00 to $570.00 in a research note on Friday, June 2nd. Jefferies Financial Group upped their price target on shares of Costco Wholesale from $610.00 to $640.00 and gave the stock a “buy” rating in a research note on Wednesday, August 2nd. VNET Group reaffirmed a “reiterates” rating on shares of Costco Wholesale in a research note on Thursday, June 29th. Finally, Evercore ISI boosted their target price on shares of Costco Wholesale from $595.00 to $600.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $566.63.

Insiders Place Their Bets

In related news, Director Susan L. Decker sold 1,565 shares of the company’s stock in a transaction on Wednesday, June 28th. The shares were 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 directly 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 SEC, which is available through this link. Insiders own 0.22% 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, 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.