Costco Wholesale Co. (NASDAQ:COST) Shares Sold by L & S Advisors Inc

L & S Advisors Inc trimmed its stake in shares of Costco Wholesale Co. (NASDAQ:COST) by 3.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,022 shares of the retailer’s stock after selling 409 shares during the period. L & S Advisors Inc’s holdings in Costco Wholesale were worth $3,441,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of COST. Ironwood Wealth Management LLC. lifted its position in shares of Costco Wholesale by 23.4% during the 1st quarter. Ironwood Wealth Management LLC. now owns 395 shares of the retailer’s stock valued at $96,000 after acquiring an additional 75 shares during the period. Enterprise Financial Services Corp grew its stake in Costco Wholesale by 144.1% in the 1st quarter. Enterprise Financial Services Corp now owns 903 shares of the retailer’s stock worth $219,000 after acquiring an additional 533 shares during the period. Legacy Bridge LLC grew its stake in Costco Wholesale by 2.1% in the 1st quarter. Legacy Bridge LLC now owns 3,416 shares of the retailer’s stock worth $827,000 after acquiring an additional 70 shares during the period. Altium Wealth Management LLC grew its stake in Costco Wholesale by 12.7% in the 1st quarter. Altium Wealth Management LLC now owns 5,595 shares of the retailer’s stock worth $1,355,000 after acquiring an additional 630 shares during the period. Finally, World Asset Management Inc grew its stake in Costco Wholesale by 10.5% in the 1st quarter. World Asset Management Inc now owns 34,421 shares of the retailer’s stock worth $8,335,000 after acquiring an additional 3,261 shares during the period. Institutional investors own 71.14% of the company’s stock.

In related news, CFO Richard A. Galanti sold 3,000 shares of Costco Wholesale stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.39, for a total transaction of $799,170.00. Following the transaction, the chief financial officer now owns 27,582 shares in the company, valued at approximately $7,347,568.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan L. Decker sold 1,646 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $268.25, for a total transaction of $441,539.50. Following the completion of the transaction, the director now owns 41,803 shares in the company, valued at approximately $11,213,654.75. The disclosure for this sale can be found here. Insiders have sold a total of 18,346 shares of company stock worth $4,888,035 in the last 90 days. Company insiders own 0.21% of the company’s stock.

Shares of NASDAQ:COST traded up $0.08 during midday trading on Friday, hitting $289.97. 22,000 shares of the company’s stock traded hands, compared to its average volume of 2,208,972. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 0.98. The company has a market cap of $130.62 billion, a PE ratio of 42.46, a P/E/G ratio of 3.94 and a beta of 0.93. The firm’s fifty day moving average price is $281.96 and its two-hundred day moving average price is $256.87. Costco Wholesale Co. has a twelve month low of $189.51 and a twelve month high of $307.34.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be issued a dividend of $0.65 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.60 annualized dividend and a dividend yield of 0.90%. Costco Wholesale’s payout ratio is 38.07%.

Several brokerages have recently issued reports on COST. BidaskClub cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a research note on Thursday. BMO Capital Markets set a $275.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Friday, May 31st. Deutsche Bank set a $252.00 price objective on shares of Costco Wholesale and gave the company a “hold” rating in a research note on Monday, July 15th. Goldman Sachs Group began coverage on shares of Costco Wholesale in a research note on Thursday, July 11th. They set a “buy” rating and a $290.00 price objective for the company. Finally, Royal Bank of Canada set a $321.00 price objective on shares of Costco Wholesale and gave the company a “buy” rating in a research note on Friday, September 6th. Nine investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $283.72.

About Costco Wholesale

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

See Also: Outstanding Shares and The Effect on Share Price

Institutional Ownership by Quarter for Costco Wholesale (NASDAQ:COST)

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