SFE Investment Counsel Sells 132 Shares of Costco Wholesale Co. (NASDAQ:COST)

SFE Investment Counsel lowered its stake in Costco Wholesale Co. (NASDAQ:COST) by 1.2% during the second quarter, Holdings Channel.com reports. The fund owned 11,048 shares of the retailer’s stock after selling 132 shares during the period. Costco Wholesale accounts for approximately 1.2% of SFE Investment Counsel’s holdings, making the stock its 29th largest holding. SFE Investment Counsel’s holdings in Costco Wholesale were worth $4,371,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its holdings in Costco Wholesale by 6.5% during the second quarter. Lindbrook Capital LLC now owns 395 shares of the retailer’s stock worth $156,000 after buying an additional 24 shares during the last quarter. Wisconsin Capital Management LLC lifted its stake in Costco Wholesale by 0.4% in the 2nd quarter. Wisconsin Capital Management LLC now owns 6,866 shares of the retailer’s stock valued at $2,717,000 after purchasing an additional 25 shares during the last quarter. Delta Asset Management LLC TN grew its holdings in Costco Wholesale by 1.1% during the second quarter. Delta Asset Management LLC TN now owns 2,390 shares of the retailer’s stock worth $946,000 after purchasing an additional 25 shares during the period. Capital Advisors Inc. OK increased its position in Costco Wholesale by 1.7% during the second quarter. Capital Advisors Inc. OK now owns 1,470 shares of the retailer’s stock worth $582,000 after buying an additional 25 shares during the last quarter. Finally, Mraz Amerine & Associates Inc. raised its stake in Costco Wholesale by 3.0% in the second quarter. Mraz Amerine & Associates Inc. now owns 852 shares of the retailer’s stock valued at $337,000 after buying an additional 25 shares during the period. Institutional investors and hedge funds own 66.96% of the company’s stock.

In related news, VP Roland Michael Vachris sold 4,000 shares of the business’s stock in a transaction on Monday, July 12th. The shares were sold at an average price of $409.40, for a total value of $1,637,600.00. Following the sale, the vice president now owns 11,602 shares of the company’s stock, valued at $4,749,858.80. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Joseph P. Portera sold 3,287 shares of Costco Wholesale stock in a transaction that occurred on Friday, August 13th. The stock was sold at an average price of $445.50, for a total value of $1,464,358.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,287 shares of company stock worth $4,686,519. Insiders own 0.22% of the company’s stock.

COST has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their target price on Costco Wholesale from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Thursday, September 2nd. Barclays increased their price objective on shares of Costco Wholesale from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, May 28th. They noted that the move was a valuation call. Telsey Advisory Group raised their target price on shares of Costco Wholesale from $465.00 to $470.00 and gave the stock an “outperform” rating in a research note on Thursday, September 2nd. Raymond James upped their price target on shares of Costco Wholesale from $415.00 to $460.00 and gave the company an “outperform” rating in a research note on Thursday, August 5th. Finally, Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $490.00 price objective for the company in a research report on Monday, September 6th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus target price of $441.32.

Shares of NASDAQ:COST traded up $2.50 during midday trading on Wednesday, hitting $460.91. The stock had a trading volume of 35,298 shares, compared to its average volume of 2,265,726. The company’s 50-day moving average price is $438.72 and its 200-day moving average price is $392.44. Costco Wholesale Co. has a fifty-two week low of $307.00 and a fifty-two week high of $469.77. The company has a quick ratio of 0.50, a current ratio of 1.00 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $203.75 billion, a P/E ratio of 43.08, a price-to-earnings-growth ratio of 4.35 and a beta of 0.66.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 13th. Investors of record on Friday, July 30th were given a dividend of $0.79 per share. This represents a $3.16 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date was Thursday, July 29th. Costco Wholesale’s dividend payout ratio is 35.71%.

About Costco Wholesale

Costco Wholesale Corp. engages in the operation of membership warehouses. Its product categories include food and sundries, hardlines, fresh foods, softlines, and ancillary. It operates through the following segments: Unites States Operations, Canadian Operations, and Other International Operations. The company was founded by James D.

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

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