Costco Wholesale Corporation $COST Stock Holdings Lifted by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. raised its position in Costco Wholesale Corporation (NASDAQ:COST) by 9.6% during the second quarter, HoldingsChannel.com reports. The firm owned 5,452 shares of the retailer’s stock after buying an additional 478 shares during the quarter. Costco Wholesale makes up approximately 0.7% of Thurston Springer Miller Herd & Titak Inc.’s holdings, making the stock its 25th largest holding. Thurston Springer Miller Herd & Titak Inc.’s holdings in Costco Wholesale were worth $5,399,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Investment Management Corp VA ADV acquired a new position in Costco Wholesale in the fourth quarter worth approximately $25,000. Anderson Financial Strategies LLC increased its holdings in Costco Wholesale by 900.0% in the first quarter. Anderson Financial Strategies LLC now owns 40 shares of the retailer’s stock worth $38,000 after buying an additional 36 shares during the last quarter. eCIO Inc. acquired a new position in Costco Wholesale in the first quarter worth approximately $48,000. Aspect Partners LLC increased its holdings in Costco Wholesale by 24.4% in the first quarter. Aspect Partners LLC now owns 56 shares of the retailer’s stock worth $53,000 after buying an additional 11 shares during the last quarter. Finally, Capital A Wealth Management LLC acquired a new position in Costco Wholesale in the fourth quarter worth approximately $58,000. Institutional investors and hedge funds own 68.48% of the company’s stock.

Costco Wholesale Trading Up 0.4%

Costco Wholesale stock opened at $967.90 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.52 and a current ratio of 1.02. The business’s 50-day simple moving average is $960.40 and its 200-day simple moving average is $974.64. The firm has a market capitalization of $429.24 billion, a PE ratio of 54.90, a PEG ratio of 5.43 and a beta of 0.97. Costco Wholesale Corporation has a 52 week low of $867.16 and a 52 week high of $1,078.23.

Costco Wholesale Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were paid a $1.30 dividend. The ex-dividend date was Friday, August 1st. This represents a $5.20 dividend on an annualized basis and a dividend yield of 0.5%. Costco Wholesale’s payout ratio is presently 29.50%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price target on Costco Wholesale from $1,115.00 to $1,160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 7th. Loop Capital reduced their price target on Costco Wholesale from $1,115.00 to $1,110.00 and set a “buy” rating for the company in a research report on Thursday, May 29th. Wall Street Zen raised Costco Wholesale from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Erste Group Bank cut Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Tuesday, August 5th. Finally, Stifel Nicolaus set a $1,035.00 price target on Costco Wholesale in a research report on Thursday, May 29th. Seventeen equities research analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $1,056.67.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 547 shares of the company’s stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $980.00, for a total value of $536,060.00. Following the completion of the transaction, the director owned 11,531 shares of the company’s stock, valued at $11,300,380. This represents a 4.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Teresa A. Jones sold 600 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $992.05, for a total value of $595,230.00. Following the completion of the transaction, the executive vice president directly owned 2,362 shares of the company’s stock, valued at approximately $2,343,222.10. This trade represents a 20.26% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 5,147 shares of company stock worth $5,031,130. Company insiders own 0.18% of the company’s stock.

Costco Wholesale Company 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.