WBH Advisory Inc. Has $3.40 Million Holdings in Costco Wholesale Co. (NASDAQ:COST)

WBH Advisory Inc. decreased its holdings in shares of Costco Wholesale Co. (NASDAQ:COST) by 0.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,305 shares of the retailer’s stock after selling 38 shares during the quarter. WBH Advisory Inc.’s holdings in Costco Wholesale were worth $3,395,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in COST. United Bank increased its position in shares of Costco Wholesale by 9.2% in the first quarter. United Bank now owns 5,254 shares of the retailer’s stock valued at $3,026,000 after acquiring an additional 444 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in Costco Wholesale by 33.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 383,691 shares of the retailer’s stock valued at $220,948,000 after buying an additional 96,566 shares during the period. Covestor Ltd lifted its position in shares of Costco Wholesale by 87.1% in the first quarter. Covestor Ltd now owns 232 shares of the retailer’s stock valued at $134,000 after buying an additional 108 shares during the last quarter. Bridgefront Capital LLC bought a new position in shares of Costco Wholesale during the 1st quarter worth approximately $333,000. Finally, Next Century Growth Investors LLC increased its holdings in shares of Costco Wholesale by 0.9% during the 1st quarter. Next Century Growth Investors LLC now owns 3,414 shares of the retailer’s stock worth $1,965,000 after acquiring an additional 30 shares during the last quarter. Institutional investors and hedge funds own 66.31% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wells Fargo & Company lifted their price objective on shares of Costco Wholesale from $475.00 to $510.00 in a research report on Thursday, August 3rd. Oppenheimer upped their price target 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. StockNews.com initiated coverage on shares of Costco Wholesale in a research report on Wednesday, August 23rd. They set a “hold” rating for the company. VNET Group reaffirmed a “reiterates” rating on shares of Costco Wholesale in a research report on Thursday, June 29th. Finally, Jefferies Financial Group lifted their price target on Costco Wholesale from $610.00 to $640.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Five equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $566.63.

Costco Wholesale Price Performance

NASDAQ COST traded down $2.46 during trading on Tuesday, hitting $560.26. 263,633 shares of the company’s stock were exchanged, compared to its average volume of 1,784,041. The company has a market cap of $248.25 billion, a PE ratio of 41.68, a P/E/G ratio of 4.11 and a beta of 0.79. 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 fifty-two week low of $447.90 and a fifty-two week high of $571.16. The stock’s 50 day moving average price is $551.21 and its two-hundred day moving average price is $519.89.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Friday, August 25th were paid 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 payout ratio is 30.22%.

Insiders Place Their Bets

In other Costco Wholesale news, Director Susan L. Decker sold 1,565 shares of the stock in a transaction dated Wednesday, June 28th. The stock was 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.22% of the company’s stock.

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.