Allied Investment Advisors LLC expanded its position in Costco Wholesale Co . (NASDAQ: PRICE – Get a rating) by 8.2% during the second quarter, according to the company’s most recent filing with the Securities and Exchange Commission. The firm owned 525 shares of the retailer’s stock after purchasing an additional 40 shares during the quarter. Allied Investment Advisors LLC’s holdings in Costco Wholesale were worth $252,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in Costco Wholesale by 1.2% during the first quarter. Now Vanguard Group Inc. now owns 38,028,886 shares of the retailer’s stock valued at $21,898,934,000 after acquiring an additional 467,631 shares in the last quarter. BlackRock Inc. raised its stake in shares of Costco Wholesale by 0.8% in the first quarter. Now BlackRock Inc. now owns 31,340,294 shares of the retailer’s stock valued at $18,047,310,000 after buying an additional 261,972 shares during the period. State Street Corp raised its stake in shares of Costco Wholesale by 4.0% in the first quarter. State Street Corp now owns 19,039,672 shares of the retailer’s stock worth $10,963,995,000 after buying an additional 738,447 shares during the period. Alliancebernstein LP raised its stake in shares of Costco Wholesale by 2.7% in the fourth quarter. Alliancebernstein LP now owns 5,106,207 shares of the retailer’s stock valued at $2,898,794,000 after purchasing an additional 133,943 shares during the period. Finally, Fisher Asset Management LLC raised its stake in shares of Costco Wholesale by 3.7% in the first quarter. Fisher Asset Management LLC now owns 4,221,255 shares of the retailer’s stock valued at $2,430,810,000 after purchasing an additional 150,655 shares during the period. Institutional investors own 66.83% of the company’s shares.
Analysts set new price targets
Several research firms recently weighed in on COST. Credit Suisse Group cut their price target on shares of Costco Wholesale from $570.00 to $550.00 and set a “neutral” rating for the company in a research note on Friday, May 27th. Truist Financial boosted their price target on Costco Wholesale from $543.00 to $571.00 in a report on Thursday, August 4th. StockNews.com Costco Wholesale upgraded Costco Wholesale from a “hold” rating to a “buy” rating in a report on Friday, July 15th. Evercore ISI raised their price target on Costco Wholesale to $585.00 in a report on Tuesday, September 6th. Finally, Goldman Sachs raised their price target on Costco Wholesale from $516.00 to $573.00 and gave the company a “buy” rating in a report on Thursday, August 4th. Four equities research analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the stock. The stock presently has an average rating of “Moderate Buy” and a consensus price target of $575.36, according to MarketBeat.
Insider buying and selling
In relevant news, V.P James P. Murphy sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total amount of $787,800.00. Following the completion of the transaction, the vice president now owns 36,230 shares in the company, valued at approximately $19,027,996. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available through SEC website. In other Costco Wholesale news, CFO Richard A. Galanti sold 1,000 shares of the company’s stock in a transaction on Thursday, July 14th. The shares were sold at an average price of $505.60, for a total transaction amounting to $505,600.00. Following the completion of the sale, the chief financial officer now owns 25,750 shares in the company, valued at approximately $13,019,200. The sale was reported in a filing with the Securities and Exchange Commission, which is available through this hyperlink. Also, VP James P. Murphy sold 1,500 shares of the company’s stock in a transaction on Wednesday, July 20th. The shares were sold at an average price of $525.20, for a total transaction amounting to $787,800.00. Following the sale, the vice president now owns 36,230 shares in the company, valued at approximately $19,027,996. Disclosures for this sale can be found here here. Insiders sold 2,800 shares of company stock worth $1,449,904 last quarter. Insiders own 0.22% of the company’s stock.
Costco Wholesale Performance
COST of stock opened at $487.17 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.04, and a quick ratio of 0.48. The company has a 50-day moving average of $529.73 and a 200-day moving average of $519.85. Costco Wholesale Co . has a fifty-two week low of $406.51 and a fifty-two week high of $612.27. The stock has a market cap of $215.80 billion, a PE ratio of 38.36, a price-to-earnings ratio of 3.72 and a beta of 0.70.
Costco Wholesale Cuts Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 12th. Investors of record on Friday, July 29th were given a $0.09 dividend. That’s a $0.36 annualized dividend and a yield of 0.07%. The ex-dividend date was Thursday, July 28th. Costco Wholesale’s dividend payout ratio (DPR) is currently 28.35%.
Costco Wholesale Profile
Costco Wholesale Corporation, together with its subsidiaries, operates member warehouses in the United States, Puerto Rico, Canada, United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China and Taiwan. It offers branded and private label products across various product categories.
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https://www.defenseworld.net/2022/09/23/allied-investment-advisors-llc-purchases-40-shares-of-costco-wholesale-co-nasdaqcost.html Allied Investment Advisors LLC acquires 40 shares of Costco Wholesale Co. (NASDAQ:COST)