Drucker Wealth 3.0 LLC Buys Shares of 311 Costco Wholesale Co. (NASDAQ:COST)

Drucker Wealth 3.0 LLC bought a new stake in Costco Wholesale Co. (NASDAQ:COST) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 311 shares of the retailer’s stock, valued at approximately $264,000.

A number of other institutional investors also recently made changes to their positions in COST. Gilbert & Cook Inc. raised its position in shares of Costco Wholesale by 57.3% during the 4th quarter. Gilbert & Cook Inc. now owns 626 shares of the retailer’s stock valued at $413,000 after acquiring an additional 228 shares in the last quarter. Aveo Capital Partners LLC raised its position in shares of Costco Wholesale by 14.5% during the 4th quarter. Aveo Capital Partners LLC now owns 1,065 shares of the retailer’s stock valued at $703,000 after acquiring an additional 135 shares in the last quarter. Gryphon Financial Partners LLC raised its position in shares of Costco Wholesale by 62.6% during the 4th quarter. Gryphon Financial Partners LLC now owns 3,309 shares of the retailer’s stock valued at $2,184,000 after acquiring an additional 1,274 shares in the last quarter. J. W. Coons Advisors LLC raised its position in shares of Costco Wholesale by 2.0% during the 4th quarter. J. W. Coons Advisors LLC now owns 3,802 shares of the retailer’s stock valued at $2,510,000 after acquiring an additional 75 shares in the last quarter. Finally, Evoke Wealth LLC grew its stake in Costco Wholesale by 344.8% during the 4th quarter. Evoke Wealth LLC now owns 7,548 shares of the retailer’s stock worth $5,007,000 after buying an additional 5,851 shares during the last quarter. 68.48% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COST. Robert W. Baird upped their price objective on Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Barclays upped their price objective on Costco Wholesale from $765.00 to $830.00 and gave the company an “equal weight” rating in a report on Thursday, July 11th. Evercore ISI upped their target price on Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Stifel Nicolaus upped their target price on Costco Wholesale from $910.00 to $915.00 and gave the company a “buy” rating in a report on Friday, September 6th. Finally, Citigroup increased their price objective on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a research note on Friday, May 31st. Nine analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Costco Wholesale currently has a consensus rating of “Moderate Buy” and an average target price of $857.48.

Costco Wholesale Stock Performance

Shares of NASDAQ COST opened at $901.44 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45 and a current ratio of 0.94. The firm has a market cap of $399.64 billion, a price-to-earnings ratio of 55.85, a P/E/G ratio of 5.57 and a beta of 0.80. The business’s 50-day simple moving average is $868.48 and its 200-day simple moving average is $814.35. Costco Wholesale Co. has a 52 week low of $540.23 and a 52 week high of $923.83.

Costco Wholesale Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were issued a dividend of $1.16 per share. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s dividend payout ratio is 28.75%.

Insider Activity

In other news, Director Kenneth D. Denman sold 350 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the transaction, the director now owns 5,920 shares of the company’s stock, valued at approximately $5,041,057.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now owns 11,775 shares of the company’s stock, valued at approximately $10,320,787.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth D. Denman sold 350 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $851.53, for a total value of $298,035.50. Following the completion of the sale, the director now directly owns 5,920 shares in the company, valued at approximately $5,041,057.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 4,974 shares of company stock valued at $4,252,856. Insiders own 0.18% 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, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.