Norden Group LLC Increases Stock Holdings in Costco Wholesale Co. (NASDAQ:COST)

Norden Group LLC boosted its position in shares of Costco Wholesale Co. (NASDAQ:COST) by 6.9% in the 2nd quarter, Holdings Channel.com reports. The fund owned 2,584 shares of the retailer’s stock after purchasing an additional 166 shares during the period. Norden Group LLC’s holdings in Costco Wholesale were worth $2,197,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of COST. Oak Asset Management LLC raised its position in Costco Wholesale by 0.3% in the 2nd quarter. Oak Asset Management LLC now owns 4,396 shares of the retailer’s stock worth $3,737,000 after purchasing an additional 12 shares during the period. Peddock Capital Advisors LLC grew its stake in shares of Costco Wholesale by 0.7% during the second quarter. Peddock Capital Advisors LLC now owns 1,786 shares of the retailer’s stock valued at $1,518,000 after buying an additional 12 shares during the last quarter. Bedel Financial Consulting Inc. increased its holdings in shares of Costco Wholesale by 1.3% in the first quarter. Bedel Financial Consulting Inc. now owns 995 shares of the retailer’s stock worth $729,000 after buying an additional 13 shares during the period. Boltwood Capital Management lifted its stake in shares of Costco Wholesale by 1.7% in the 2nd quarter. Boltwood Capital Management now owns 790 shares of the retailer’s stock valued at $671,000 after acquiring an additional 13 shares during the last quarter. Finally, LifePro Asset Management boosted its holdings in Costco Wholesale by 3.8% during the 2nd quarter. LifePro Asset Management now owns 358 shares of the retailer’s stock valued at $304,000 after acquiring an additional 13 shares during the period. Institutional investors own 68.48% of the company’s stock.

Analyst Upgrades and Downgrades

COST has been the subject of several recent research reports. Stifel Nicolaus boosted their price objective on Costco Wholesale from $910.00 to $915.00 and gave the company a “buy” rating in a research report on Friday. Tigress Financial upped their price target on shares of Costco Wholesale from $870.00 to $975.00 and gave the company a “buy” rating in a report on Tuesday, June 25th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price target on the stock in a report on Thursday, August 8th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $925.00 price objective on shares of Costco Wholesale in a research note on Friday. Finally, BMO Capital Markets raised their target price on Costco Wholesale from $875.00 to $950.00 and gave the stock an “outperform” rating in a research note on Monday, August 12th. Seven analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, Costco Wholesale presently has a consensus rating of “Moderate Buy” and a consensus target price of $828.73.

Costco Wholesale Trading Down 1.0 %

NASDAQ:COST opened at $876.68 on Friday. The firm has a market capitalization of $388.66 billion, a P/E ratio of 54.32, a PEG ratio of 5.98 and a beta of 0.80. 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 Co. has a one year low of $540.23 and a one year high of $918.93. The company’s 50-day simple moving average is $857.45 and its 200 day simple moving average is $800.19.

Costco Wholesale Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 9th. Stockholders of record on Friday, July 26th were given a $1.16 dividend. The ex-dividend date 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 is currently 28.75%.

Insider Buying and Selling

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of Costco Wholesale stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the completion of the sale, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenneth D. Denman sold 350 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the transaction, the director now owns 5,920 shares in the company, valued at approximately $5,041,057.60. 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 90 days. Insiders own 0.18% of the company’s stock.

About Costco Wholesale

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.