Guardian Financial Partners LLC lifted its stake in shares of Costco Wholesale Co. (NASDAQ:COST – Free Report) by 2.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,573 shares of the retailer’s stock after acquiring an additional 33 shares during the period. Costco Wholesale accounts for approximately 2.5% of Guardian Financial Partners LLC’s portfolio, making the stock its 9th biggest position. Guardian Financial Partners LLC’s holdings in Costco Wholesale were worth $847,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Aspire Private Capital LLC acquired a new position in shares of Costco Wholesale in the 1st quarter worth approximately $20,406,948,000. Mach 1 Financial Group LLC acquired a new stake in shares of Costco Wholesale in the first quarter valued at $22,359,000. Sanctuary Wealth Management L.L.C. purchased a new stake in shares of Costco Wholesale in the 4th quarter valued at $26,000. 25 LLC acquired a new position in Costco Wholesale during the 1st quarter worth about $44,000. Finally, Guardian Wealth Advisors LLC acquired a new position in Costco Wholesale during the 1st quarter worth about $47,000. Institutional investors and hedge funds own 66.31% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. Oppenheimer raised their price objective 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. Truist Financial upped their price objective on Costco Wholesale from $567.00 to $597.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. UBS Group lifted their target price on Costco Wholesale from $560.00 to $640.00 and gave the company a “buy” rating in a report on Thursday, August 3rd. Jefferies Financial Group lifted their price objective on Costco Wholesale from $610.00 to $640.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Stifel Nicolaus restated a “buy” rating and set a $575.00 target price on shares of Costco Wholesale in a research note on Thursday, August 31st. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $566.63.
Costco Wholesale Price Performance
Shares of NASDAQ:COST opened at $562.72 on Tuesday. Costco Wholesale Co. has a one year low of $447.90 and a one year high of $571.16. The stock has a market capitalization of $249.34 billion, a price-to-earnings ratio of 41.68, a PEG ratio of 4.11 and a beta of 0.79. The company has a 50-day simple moving average of $551.21 and a 200-day simple moving average of $519.89. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.57 and a current ratio of 1.08.
Costco Wholesale Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Friday, August 25th were paid a dividend of $1.02 per share. 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 dividend payout ratio is presently 30.22%.
Insiders Place Their Bets
In other news, Director Susan L. Decker sold 1,565 shares of the business’s stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $533.00, for a total value of $834,145.00. Following the transaction, the director now owns 13,329 shares of the company’s stock, valued at $7,104,357. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.22% of the stock is owned by insiders.
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.
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