Umpqua Bank Has $3.39 Million Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Umpqua Bank raised its position in Costco Wholesale Co. (NASDAQ:COST) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,982 shares of the retailer’s stock after purchasing an additional 90 shares during the period. Costco Wholesale makes up about 1.3% of Umpqua Bank’s investment portfolio, making the stock its 14th biggest holding. Umpqua Bank’s holdings in Costco Wholesale were worth $3,385,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Frank Rimerman Advisors LLC acquired a new position in shares of Costco Wholesale during the 4th quarter worth about $26,000. Redmont Wealth Advisors LLC bought a new stake in Costco Wholesale in the 1st quarter valued at $32,000. Vima LLC acquired a new position in shares of Costco Wholesale in the fourth quarter valued at about $34,000. DSM Capital Partners LLC bought a new position in shares of Costco Wholesale during the fourth quarter worth approximately $36,000. Finally, Financial Connections Group Inc. lifted its position in shares of Costco Wholesale by 557.1% during the 2nd quarter. Financial Connections Group Inc. now owns 46 shares of the retailer’s stock valued at $39,000 after acquiring an additional 39 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lifted their price target on Costco Wholesale from $775.00 to $800.00 and gave the company an “equal weight” rating in a research note on Thursday, July 11th. Roth Mkm reissued a “neutral” rating and issued a $676.00 price objective (up previously from $650.00) on shares of Costco Wholesale in a research note on Friday, May 31st. Robert W. Baird raised their price target on shares of Costco Wholesale from $850.00 to $975.00 and gave the stock an “outperform” rating in a report on Thursday, July 11th. StockNews.com raised Costco Wholesale from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Evercore ISI lifted their price target on shares of Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a research note on Friday. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $828.73.

Insider Activity

In other news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares of the company’s stock, valued at $10,545,746.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, July 12th. The stock was sold at an average price of $844.20, for a total value of $1,266,300.00. Following the transaction, the insider now directly owns 12,492 shares in the company, valued at $10,545,746.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the sale, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold 4,974 shares of company stock worth $4,252,856 in the last quarter. Corporate insiders own 0.18% of the company’s stock.

Costco Wholesale Stock Performance

Shares of COST stock opened at $876.68 on Friday. The firm has a market capitalization of $388.66 billion, a price-to-earnings ratio of 54.32, a price-to-earnings-growth ratio of 5.98 and a beta of 0.80. Costco Wholesale Co. has a 1 year low of $540.23 and a 1 year high of $918.93. The business has a fifty day moving average of $857.45 and a 200 day moving average of $800.19. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45.

Costco Wholesale Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a $1.16 dividend. The ex-dividend date of this dividend was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.53%. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.75%.

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.